Kover is a technology company that builds micropremium products at scale. Businesses of every size - from startups to public companies - embeds our micropremium products to increase conversion, retention and profit margin.
Insurance has been focused on infrequent catastrophes like house fires & car accidents; but consumers also face frequent pain pints like late deliveries, lost income due to technical issues, getting stuck with a non-returnable pair of shoes etc.
These everyday pain points can be solved with “micropremium products” that refund your late packages, reimburse your income loss or buy back your non-returnable orders. Given the ubiquity of everyday pain points, this is a market with unbounded upside.
Kover creates micropremium products at scale through end-to-end automation, from underwriting, to payouts, to distribution. By leveraging billions of consumer data points, Kover creates highly relevant, accurately priced micropremium products sold at “why not” prices, then embed them into millions of consumer user journeys.
Sitting atop our payments platform are micropremium products designed for online user journeys.
At the core of Kover is our underwriting, payout and distribution engines.
Our cloud-based infrastructure provides reliability, scalability, and security.
Unlike rule based actuarial processes, which relies on actuaries' domain expertise to create low resolution risk tables, Kover applies advanced neural networks over vast amounts of consumer data to create high-resolution risk scoring models. This enables us to underwrite risks without domain knowledge, creating micropremium products for a wide variety of industries.
Our programmable payout module lets developers program custom payout triggers by integrating with external datasets and define logics. This enables us developers to create bespoke insurance programs for the users.
Kover has been experiencing vast momentum in the last 6 months.
Meet the people who power Kover