The latest new product info from KoverNow;
KoverNow, the digital insurance platform for high-value items and collectibles, has announced the launch of its dedicated technology arm, KoverNow Tech PTE LTD (KoverNow Tech). The new arm will deliver digital insurance infrastructure for insurers, brokers and retailers to rapidly deploy Specie and items insurance globally.
Responding to the demand for ready-built and end-to-end digital insurance architecture, KoverNow Tech opens its proven platform to third parties internationally. The technology accelerates time-to-market for multiple high-value asset categories, ranging from fine art and Specie to specialty consumer segments such as cameras and luxury equipment.
“As the last mile between the ownership of a cherished item and its protection, we have spent four years refining a platform centred entirely around modern customer behaviour,” said Stephan Kaiser, CEO at KoverNow. “Through KoverNow Tech, we are making this specialised infrastructure available independent of our own regulatory presence. This allows global businesses to launch convenient and fast digital insurance solutions that add value immediately.”
For insurers, KoverNow Tech removes friction to establish agile, direct-to-consumer channels; for brokers, it streamlines operations to launch digital insurance offerings; and for retailers, it provides seamless infrastructure to offer insurance dynamically at the point of sale. KoverNow Tech will deploy its first technology partnership with a leading Specie broker in Australia.
KoverNow Tech’s modular solutions enable partners to deliver end-to-end insurance services with minimal technical overhead, leveraging its ecosystem built on constant customer feedback, a suite of specialists across asset classes, as well as regulatory expertise to provide scalable and dedicated services.
The platform features KoverNow Tech’s proprietary FAST (Fine Art and Specie Technology) framework. This framework removes legacy obstacles across the insurance value chain by unifying identity verification, asset registration and valuation, immediate quote-and-bind functions, payment gateways, and claims notifications into a single digital process.
Companies interested in leveraging the KoverNow Technology platform can visit www.kovernow.com/en-sg/tech
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