Qover, a leading insurtech company driven by a vision of creating a global safety net through insurance, and Swiss insurer Helvetia announce an in-depth collaboration that strengthens their partnership and expands their joint capabilities across multiple insurance product lines and markets.
This strategic partnership marks a significant evolution from their previous collaboration, establishing a comprehensive framework for innovation and growth across many types of Helvetia Partner Business insurance products. The agreement enables both companies to share opportunities and collaborate on embedded, omnichannel insurance solutions that align with evolving customer preferences and behaviours.
Together, Qover and Helvetia have already demonstrated significant success in 2024, with collaborative efforts supporting over 80k policyholders across over 10 programs. Following these achievements, Qover plans to continue expanding its market presence throughout 2025, focusing on new regions while enhancing customer experiences.
Building on their proven track record of successful collaboration, this partnership enables both companies to accelerate growth in the rapidly expanding embedded insurance market, which is projected to reach $30 billion by 2030. The agreement reflects growing market demand, with EY estimating that by 2028, more than 30% of all insurance transactions will run through embedded channels.
‘With this long-standing partnership with Helvetia, we’re combining cutting-edge technology with pan-European scalability to deliver quality solutions tailored to consumer needs,’ said Quentin Colmant, CEO and Co-founder of Qover. ‘We’re proud to collaborate with Helvetia to create seamless, intuitive insurance experiences for customers across multiple platforms, reflecting our shared commitment to innovation and excellence.’
“We are excited to be strengthening and expanding our long-standing collaboration with Qover, a key platform partner within our Helvetia International Automotive ecosystem and beyond. This will enable us to offer our customers an expanded range of comprehensive, integrated products and drive further internationalisation within the European Economic Area,” said Tilo Schroiff, Head of Helvetia International Automotive.
About Qover
Qover is an insurtech that enables companies and insurance providers to offer seamless, tech-driven insurance experiences.
Qover’s modular embedded insurance orchestration platform provides meaningful insurance experiences to millions of users across 32 European countries, and works with longstanding partners like Revolut, Monzo, Deliveroo, ING, Helvetia, Canyon and many others.
About Helvetia
Helvetia Insurance Group, with its headquarters in St. Gallen, has grown since 1858 to become a successful international insurance group with strong Swiss roots, over 14,000 employees (FTE) and more than 6.7 million customers. It has always been there for its customers when it matters.
In the Swiss, Spain and GIAM (German, Italian and Austrian Markets) segments, Helvetia positions itself as a Local Customer Champion and supports its customers throughout their lives as their preferred provider. It also focuses on the rapidly growing segment of customers over 50. In all of its segments, and in the Specialty Markets segment in particular, Helvetia strives to generate growth as a global specialist in the international specialty lines business and in reinsurance. Thanks to its lean and flexible structures, Helvetia is able to focus on profitability in a cyclical business. At the same time, Helvetia uses its expertise in its European retail markets to offer specialty solutions to SME customers.
With a business volume of CHF 11.6 billion, Helvetia generated underlying earnings of CHF 528.5 million and an IFRS period result of CHF 502.4 million in the 2024 financial year. The shares of Helvetia Holding AG are traded on SIX Swiss Exchange.
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