Cover Genius overview

Cover Genius is an Australian insurtech company. Its platform is used by insurance companies to sell insurance in 50 US States and 60+ countries worldwide.

Cover Genius use machine learning and artificial intelligence to help insurance companies to better understand their customer data. Insurance companies can then use this data to drive decisions on pricing, product customisation and direct marketing. Cover Genius provide this service to insurance companies through an API, called BrightWhite, that can be integrated into the company’s user interface. In addition, Cover Genius offer a product called RentalCover.com which is platform specifically for car rental companies to offer insurance to rental customers.

Cover Genius was founded by Angus McDonald, CEO, who has a background in digital media and Chris Bayley, Head of Products, who has worked for Google and other online businesses.

In 2019, it confirmed that it had entered into a partnership with Etraveli with a view to overcome previous legacy restrictions in insurance. As a result, Etraveli will be able to offer customers in more than 60 countries flexible, tailor-made policies, as well as instant claims assessment and payment via bank transfers, e-wallets, store credits, and virtual prepaid cards.

In November 2019 Cover Genius raised a $10m Series B, led by King River Capital. The company stated it will use the money to expand its team and continue its scaling plans in the US, UK and Asia.

Cover Genius raised AUS$15m in October 2020, and announced the launch of its product and parcel insurance on Shopee Thailand. The latest funds will be used to support integrations with companies in SE Asia, India, the US and Europe.

The following month, the insurtech partnered with Descartes to offer Cover Genius’ e-commerce shipping insurance solutions for Descartes ShipRush solution customers in the US.

In November, Skyscanner announced it had partnered with Cover Genius to provide travellers with a new insurance product, initially available in Europe before rolling out to 50 countries worldwide. The new product will include protection against travel disruption and sickness caused by Covid-19, in the hopes it will make users more confident in travelling during the pandemic.

Map showing the location of Cover Genius

Sydney, Australia

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Key people

Chris Bayley CEO, Founder
Angus McDonald Head of Partnerships, Founder
Justin Diddams CFO
Brenton Charnley Chief Commercial Officer
Darcy Shapiro Head of Insurance Americas