# Cover Genius

> Cover Genius supplies embedded insurance and protection infrastructure to digital businesses. Its XCover platform combines product distribution, localized coverage, pricing and claims services for partners in travel, retail, logistics, ticketing and financial services. In October 2026 it reported more than 73 million customers protected across 240 million policies.

- **Founded:** 2014
- **Headquarters:** New York, United States
- **Founders:** Angus McDonald (Co-founder and CEO), Chris Bayley (Co-founder)
- **Products:** XCover, RentalCover, XClaim, BrightWrite, Gig Cover
- **Notable:** Reported more than 73 million customers protected and 240 million policies by October 2026., Reported US$3.2 billion in cumulative gross written sales in October 2026; this is not company revenue., Licensed or authorized in more than 60 countries and all 50 US states.

## Products & services

- **XCover** — Global distribution platform and digital customer servicing for insurance, warranties and other protection.
- **RentalCover** — Rental-car protection distributed through travel and mobility partners.
- **XClaim** — Claims workflow automation and payments of approved claims in more than 90 currencies.
- **BrightWrite** — Pricing experiments and product recommendations within XCover and RentalCover.
- **Gig Cover** — Protection options for rideshare and gig-economy platforms, drivers and riders.
- **Agentic Embedded Protection** — Context-aware offers, disclosures and selection inside AI commerce conversations.

## Achievements

- Reported more than 73 million customers protected and 240 million policies by October 2026.
- Reported US$3.2 billion in cumulative gross written sales in October 2026; this is not company revenue.
- Licensed or authorized in more than 60 countries and all 50 US states.
- Reported 50% year-over-year revenue growth in 2025.
- Completed a US$100 million capital raise in July 2026.

## Latest updates

- **2026-10** — October 13: launched Agentic Embedded Protection for conversational commerce.
- **2026-08** — August 13: launched optional Australian rideshare motor insurance with Uber and Vero.
- **2026-07** — July 28: acquired Berlin-based Friendsurance to expand European banking distribution; financial terms undisclosed.
- **2026-07** — July 14: announced US$100 million capital raise backed by Vista Credit Partners at US$1.9 billion valuation.

## Links

- Website: https://covergenius.com/
- LinkedIn: https://www.linkedin.com/company/cover-genius/
- Twitter/X: https://twitter.com/cover_genius
- Instagram: https://www.instagram.com/cover_genius/
- Facebook: https://facebook.com/p/Cover-Genius-100050324902468/

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Profile page: https://yespress.io/cover-genius
Published by YesPress — https://yespress.io
Last updated: 2026-10-18