Cover Genius launches XCover Go for small merchants – Insurtech – Insurance News
Cover Genius launches XCover Go for small retailers
June 20, 2022
Insurtech Cover Genius, founded in Sydney in 2014, has launched a new XCover Go app for small and medium businesses.
The app offers price-optimized shipping protection and warranty, with retailers earning sales commissions and marketing fees.
CEO and co-founder Angus McDonald said expanding into the $10 trillion revenue middle market was “a natural next step” after success with XCover, a global distribution platform available on Amazon, eBay, Wayfair, Descartes ShipRush and others.
“XCover Go offers merchants a simple tool that allows them to protect their customers, beyond the traditional manufacturer’s warranty, and to provide a better experience with tailored policies, instant claim payments and 24h multilingual support. 24/7,” McDonald said.
“We’re proud to offer small and medium-sized merchants the ability to increase their average order value and customer lifetime value with the same comprehensive protection offered by large enterprises.”
XCover Go is now available on Shopify and BigCommerce e-commerce platforms. Salesforce Commerce Cloud, Magento and more will be added soon.
Cover Genius research shows that 60% of consumers would buy insurance from their e-tailer if it was integrated into the online experience, but most shoppers were not offered cover during their last online purchase. line.
Founded by Mr. McDonald and Chris Bayley, an early employee of Google’s Sydney office where he led the insurance team, Cover Genius is now licensed in over 60 countries and all US states, and was recently rated by Bloomberg to $1 billion after tripling its gross revenue. written bonus.
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