Cover Genius

covergenius.com


Angus McDonald

Angus McDonald

Co-Founder & Chief Executive Officer
Prior to starting Cover Genius, one of the fastest growing insurtechs globally, Angus was in the executive team of several high growth technology companies, including iClick Interactive (NASDAQ: ICLK) and Yahoo, building world-class partnership teams.

Product: XCover, XClaim
Category: Established Company
HQ: Sydney, Australia
Principal(s): Angus McDonald, Co-Founder & Chief Executive Officer; Chris Bayley, Co-Founder & Chief Innovation Officer
Funding: Seed and Series A were funded by U.K. insurance executives. The team has grown to 120 globally.
Product Description: Cover Genius' XCover distribution platform provides coverage for any line of insurance in any country, language and currency. Millions of happy customers are protected with policies that are customer-centric with product recommendations tailored to individual needs. XClaim, our API for instant payment of approved claims, delivers an NPS of +65. XClaim executes thousands of bank transfers per month into 90+ currencies in a variety of payment methods.
Business Model: Our business model is B2B.
Competitors: Traditional global insurers.
Competitive Edge: Cover Genius' award-winning technologies include: XCover, a distribution platform providing coverage for any line of insurance in any country, language and currency; and XClaim, an API for real-time payment of approved claims, handling instant payments in 90+ currencies globally.
Market Opportunity: Cover Genius’ global insurance distribution platform lets companies across the world boost profits and peace of mind by offering tailored insurance to their customers, with a seamless experience at every stage. Cover Genius partners with companies such as Booking Holdings, Etraveli and ShipStation in a variety of industries including retail, payments, logistics, mobility and auto, travel, property, fintech and gig-economy.
Early Customers: Booking Holdings, parent company of Booking.com.
Contact: Patrick Young, VP/Head of Travel Partnerships - The Americas; +1 908-329-7865