Monzo has partnered with Qover to provide travel insurance products for its premium account holders.
The collaboration offers users a range of features through the Monzo app, including claim submission, automated insurance certificate generation and real time reporting.
The insurance is underwritten by Zurich Insurance Company and uses Qover’s embedded insurance platform.
Commenting on the news Quentin Colmant, chief executive and founder of Quover, said: “Our partnership with Monzo allows us to leverage their technology and customer-centric approach to deliver innovative insurance solutions that meet the evolving needs of their users. We look forward to working together to continue pushing the boundaries of what's possible in the fintech industry.”
Monzo reached profitability in March having recorded a near doubling of its profits in its latest financial year ended in February. It reported that profits rose by 88 per cent to around £214 million from £114 million in the previous year.
The FinTech also recorded high losses, with a 42 per cent rise leaving overall losses for the year hovering at around £100 million.
Latest News
-
UK regulators launch inquiry into Big Tech digital wallets
-
Citi taps Barclays for new commercial head
-
Santander launches digital sign language service
-
Anne Boden steps down from Starling board to 'develop AI business'
-
NatWest payments arm partners with JD Wetherspoon
-
Government stake in NatWest drops below 20 per cent
Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.
Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.
Click here to read the 2023 State of the Phish report from Proofpoint.
Click here to read the 2023 State of the Phish report from Proofpoint.
Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.
Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories