Laying the foundations for growth at KoverNow
As we come to the end of 2024, we thought it was worth reflecting on the exciting year we have had before we look ahead to 2025.
KoverNow, The “Netflix” of Insurance!
Imagine insurance as flexible as Netflix. That’s what we’ve created at KoverNow—a subscription-based insurance model that gives you the freedom to cover your valuables exactly when you need it, without being tied to long contracts. With this innovative approach, KoverNow offers an easy way to protect your cherished items such as luxury watches, jewellery, handbags, […]
Insurers still lagging behind when it comes to digitalisation
It is widely acknowledged that insurance companies are not maximising the potential of digital channels when it comes to selling policies. While most offer some online services, the truth is that they are not delivering a seamless end-to-end digital journey for customers.
Taking cover this Summer, and not just from the sun!
Anyone can experience unexpected challenges when travelling, which is why travel insurance is so important
From Singapore to Hong Kong – protecting the crown jewels of luxury shopping
Singapore has long been associated with luxury, and the market for high end goods continues to thrive. According to Mordor Intelligence, the market is projected to register a CAGR of 4.64% between 2022 and 2027.
Going on vacation? Don’t risk your trip by opting for ‘tickbox insurance’
Traditionally, travel insurance policies are sold as an after-thought, something you’re offered when you’ve made your travel arrangements and before the final online checkout. It’s convenient, but does it provide you with the best cover for your needs?
Why item insurance is a necessity for new and previously loved luxury goods
Discover the shifting trends in luxury goods market, with Asia embracing homegrown brands and second-hand luxury items. Find out more here.
KoverNow expands with appointment of John Trotter as CSO and MD of Hong Kong
KoverNow has announced the appointment of John Trotter, the financial services business development expert, as Chief Sales Officer and Managing Director for Hong Kong.
Stay Stylish and Protected with KoverNow’s Luxury Handbag Insurance
As luxury handbag prices skyrocket, KoverNow’s tailored insurance policies offer millennials the perfect solution to safeguard their prized Chanel, Hermès, Louis Vuitton and other designer bags against damage, theft or loss – anywhere in the world.
Camera Insurance in Singapore: Everything You Need to Know
Complete guide for camera insurance in Singapore. From understanding coverage options tailored for photographers to navigating cost factors, this guide equips you with essential knowledge to make informed decisions about protecting your valuable camera equipment.
Safeguard Your Timepiece Investment: A Closer Look at Luxury Watch Insurance
In the fast-paced world of luxury watches, every tick marks a moment of elegance and prestige. But amidst the allure of owning these timeless pieces, one must not overlook the importance of safeguarding their investments. As highlighted in a recent article by the Financial Times, the soaring value of luxury watches underscores the necessity for comprehensive insurance coverage. Discover how luxury watch insurance can offer peace of mind and financial security for watch enthusiasts worldwide
Majority of Singaporeans Now Purchase Travel Insurance Through Digital Channels & Favor ‘Metered’ Policies, KoverNow Survey Finds
KoverNow has revealed the results of a new survey, conducted in co-operation with the National University of Singapore.
Max Miles Points for KoverNow Users with Every S$ Dollar Spent
Discover a new way to earn rewards with KoverNow’s digital insurance platform. Partnering with Heymax, customers can earn points with every policy purchased.
KoverNow & Heymax: An Ultimate Guide to Maximize Insurance for Travelers
Looking for comprehensive travel insurance? Discover KoverNow, a mobile-based platform that offers coverage for personal items and medical protection, including COVID-19 extensions. With their pay-as-you-go model and easy purchase process, you can travel worry-free. Earn Max Miles for even more rewards! Visit KoverNow on Heymax.
Why is Camera Insurance Essential for Travelers?
Discover the importance of camera insurance for travelers and hobbyist photographers. Protect your camera from damage, theft, and loss with KoverNow.
Financially Savvy Gen Z Travelers: Expert Tips for Saving
If you’re a Gen Z traveler looking to save money for your dream trips, check out these eight savvy tips to protect your valuables and make unforgettable memories.
KoverNow Integrates Google Pay and Apple Pay for Seamless Payments
KoverNow, the insurtech startup in Singapore, integrates Google Pay and Apple Pay into its mobile app, simplifying and streamlining payments for users.
Paying too much for insurance? It’s not a problem with KoverNow
Learn about the importance of accurate insurance coverage for luxury watches. Find out how KoverNow ensures fair premiums and accurate coverage.
KoverNow’s CEO: From a Finance Expert to an Insurtech Innovator
Discover how KoverNow, led by CEO Stephan Kaiser, is revolutionizing the insurtech industry with its trusted and innovative platform.
KoverNow has been featured in the Asian Journeys Magazine
Discover how KoverNow’s innovative app simplifies travel insurance purchase in the latest issue of Asian Journeys magazine. Find out more here.
KoverNow and QBE: Pioneering Digital Innovation in Insurance
Discover how KoverNow, in collaboration with QBE Singapore, is revolutionizing the insurance landscape in Singapore through digital innovation and a customer-centric approach. Learn more about their strategic partnership and commitment to delivering secure and technologically advanced insurance solutions.
KoverNow’s Strategic Alliances with QBE Singapore and SingPass
Discover how KoverNow, a rising force in Singapore’s digital insurance industry, is revolutionizing the insurance landscape with strategic partnerships and a focus on customer satisfaction.
How easily accessible insurance can build resilience
The Singapore Resilience Study, which was conducted recently, has found that Singaporeans are regarded as resilient in terms of mental, physical, social and financial well-being. Unsurprisingly, married individuals are more likely to have greater social and financial resilience than single people because they benefit from dual-income households, and respondents that live in private housing had […]
Unlocking Retail Success: The KoverNow Advantage
🌟 Did You Know? A significant number of luxury goods and lifestyle products aren’t covered under a standard home contents policy. This is where the KoverNow Partner Program steps in, offering retailers a golden opportunity to stand out and provide unmatched value to their customers. 🔥 Why KoverNow is a Game-Changer for Retailers: 🎯 […]
Worried about losing or damaging your valuables on your next overseas trip? The KoverNow app has you covered!
A trip overseas can quickly turn from an opportunity to a disaster, not only due to flight interruptions or medical needs but if the traveller loses or damages their valuable belongings like a laptop, camera or watch. To go overseas with peace of mind, travel insurance may not provide sufficient cover for more valuable items due to its low limits. That´s why KoverNow now offers a combination of both travel insurance and dedicated items insurance in just one app.
Expansion of Partner Program Means KoverNow Provides Insurance at Point of Sale for Singapore’s Luxury Retailers
Retailers of high end watches, jewellery, designer handbags, cameras and laptops are being invited to offer customers insurance to protect their luxury items at the moment of purchase, as part of a program launched by KoverNow, the mobile insurance app company.
We’ve made it onto the InsureTech Connect Forward50 APAC list!
The insurance industry is on the brink of a digital revolution, and KoverNow is at the forefront of this transformation. Recently, KoverNow made a significant leap by being featured in the InsureTech Connect Forward50 APAC list, a curated report highlighting the leading emergent startups driving change across the insurance sector. Forward50 APAC: Recognizing Innovation in […]
Travel insurance is now available on the KoverNow app, delivering end-to-end digital insurance management experience for today’s consumers
Encouraged by the traction with customers using KoverNow to protect their luxury goods with on-demand insurance against loss and damage, the brand is now expanding its service offering to include travel insurance. This underlines KoverNow’s mission to provide effortless end-to-end digital insurance for the things that matter most to people.
Interview with Claire Kent (luxury goods advisor and non-executive director at Prada S.A )
Q: The luxury vintage trend is proving popular with younger consumers. Do you think that young people rejecting fast fashion is also boosting purchases of new luxury items? Claire Kent: The luxury vintage trend is extremely popular with some younger consumers for many reasons – but primarily because many care about the environment and hence […]
KoverNow Appoints one of Singapore’s Most Prominent Marketing and Data Science Experts as Non-Executive Director
KoverNow has announced the appointment of National University of Singapore (NUS) Associate Professor of Marketing, Juin-Kuan Chong. Professor Chong, who is a behavioral scientist and data scientist by training, currently carries out research focusing on the challenges of nudging people to adopt useful technology. He joins KoverNow as a non-executive director.
Removing the complexity from insurance
Insurance is one of those necessary, but dull, topics. It is often an add-on after purchasing something expensive or a way to protect the value of a precious item. Taking out an insurance policy is considered ponderous and time-consuming, but for something so mundane, it can be unnecessarily complicated. And it really doesn’t need to […]
KoverNow Insurance App Reassures Singapore Travellers
Accustomed to the low-crime rate at home, Singapore citizens are often warned to be on their guard against robbery and loss when travelling abroad. Now, thanks to a new digital app from KoverNow, they can quickly and easily insure their camera, jewellery, watches or any other personal items of value just for the period of their vacation.
In the Spotlight: Will InsurTech replace face-to-face selling?
Businesses are all pushing towards digitalisation, the insurance industry is no different. Are Singaporeans keen to purchase the more complex or complicated insurance policies via an app-model? And what should consumers look out for when buying insurance online? In the Spotlight on Prime Time, Bharati Jagdish speaks with Stephan Kaiser, Chief Executive Officer of KoverNow, […]
KoverNow: The Netflix of insurance?
Subscription-based services are the most in-demand business model, with 78% of adults globally enrolled in a subscription service of a kind according to Zuora’s Subscription Economy Index report in 2021. The survey also revealed that three out of four people believe that in the future, people will subscribe more to services.
KoverNow Launches Watch Insurance for Single Trips or Occasional Use
KoverNow has announced a new service specifically designed to fully insure luxury watches on-demand, only as and when it is needed, for trips abroad, special occasions where an expensive watch will be worn, or similar requirements.
Nurture the romanticism of a vintage camera by protecting its value
The retro trend has turned its gaze onto point and shoot cameras, with collectors snapping up iconic models and pushing up their values. It is not older generations that are driving this movement but millennials and Gen Zer’s who have only ever known digital cameras, and for most of them, the kind they get on […]
WatchBox Singapore To Offer KoverNow’s Insurance Services
WatchBox, a leading luxury watch retailer in Singapore, is now offering KoverNow´s easy to use insurance app-based services to its customers. The KoverNow Retail Initiative targets merchants specialising in luxury products like cameras, jewellery, handbags and watches. This allows merchants – at no cost – to offer value enhancing services to their customers at the point of sale.
Your watch cannot watch itself
Watches have long been regarded as a collectible item, whether it’s because they have served successive family members through the generations and have sentimental value; break new ground technically; or because they come from brands such as Rolex, Audemars Piguet or Cartier, renowned for iconic models and state-of-the-art craftsmanship. Watches have also become a popular […]
The best things in life are free. The second best things are very expensive
Let’s face it, when it comes to jewellery, a precious item can constitute an engagement ring or a jade bangle. So much about the jewellery that we love is to do with who gave it to us, what it signifies, or how much we admired it when we spotted it in the shop window. So […]
Viewfinder – Focusing on insuring your camera
Today we want to talk about whether it makes sense to insure your camera. Much of photography has moved to our phones and many of us are happy with just that. So, if you fall into this category, this article is probably not for you. At KoverNow we recommend thinking about getting protection for your […]
Should I insure my handbag?
Who doesn’t love their handbag? It contains everything you could possibly need from money and credit cards, makeup and phone, to a wide range of accessories that are absolutely necessary for any occasion. What is more, handbags look good and the right handbag may even appreciate in value and become a collector’s item. The cachet […]
Collectible luxury items demand agile insurance management
An article in the Singapore Straits Times from last weekend caught my eye. It was entitled ‘Time to look at collectibles amid inflation’ and outlined the relative benefits of investing in luxury items such as Rolex or Cartier watches, Bordeaux and Burgundy fine wines and Chanel handbags, except for the wine, things we maintain data […]
Accurate valuations depend on reliable data
Before you even begin to think about insuring your most precious items, it is essential to have an idea of their value. In fact, some policies insist on a reliable valuation before they will provide cover. Of course prices for items such as cameras, luxury goods and jewellery fluctuate, so it can be challenging to […]
KoverNow Unlocks the Singapore Market with the Launch of Its B2C Mobile Insurance App for Android
KoverNow has announced that its first Android app along with an enhanced version of its existing iOS app, both providing an easy-to-use interface and services aimed at consumers living in Singapore.
Mobile app security is a consumer right
The shift towards mobile apps to cover all the bases in our everyday lives, from health and fitness trackers and shopping to movie streaming and banking, is an unstoppable, albeit very welcome force. Smartphones are nothing without the ability to dip into an app-store, browse for a while, and download a new tool or something […]
Time for insurance apps to join the worldwide app phenomenon
Mobile phones became ubiquitous because of their ability to keep us connected wherever we happened to be. Mobile apps, however, have made our devices an intrinsic, essential part of our everyday lives, tools that, for most of us, would be difficult to live without. It’s no surprise that in 2021, therefore, the number of mobile […]
KoverNow’s Mobile Insurance App for iOS Goes Live in Singapore
KoverNow´s app enables consumers living in Singapore to purchase insurance cover for watches, jewellery, electronics, handbags and cameras, with more categories, such as Pet, Mobility and Travel, and an app version for Android, to be added to the KoverNow ecosystem in coming months.
Gen Z consumers are flexing their insurance buying muscles
Millennials are still making their way into the workforce and their influence has changed how we communicate and even how businesses are run. But before we get too complacent about how we’ve embraced a new way of doing things, it’s worth remembering that the Generation Z cohort is snapping at the heels of Millennials. In […]
What does 2022 have in store for insurance and policy purchasing in Asia?
Perhaps 2022 will be the year in which the Asian insurance market overhauls its long-established, risk-based model for developing new products and instead embraces an approach which puts the customer at its core. According to McKinsey: ‘Effective product innovation is tied to a deep understanding of customers’ emotional and practical needs and wants, paired with the […]
Making a paw-sitive change to pet insurance purchasing
All over the world, the pandemic lockdown and the subsequent shift in working practices has boosted pet ownership. According to a report from Morgan Stanley, the size of the U.S. pet industry could nearly triple from $118 billion in 2019 to $275 billion in 2030. Meanwhile, in the UK the Pet Food Manufacturer’s Association says that 3.2 million households […]
Millennials want simple, smart, mobile-enabled insurance
Almost everything we buy is available through our smartphones these days from clothes and furniture to food and cars. There is one notable exception – insurance. When was the last time you bought an insurance policy on your phone? Insurance of any kind is still primarily sold to us, by agents or brokers, and in a traditional […]
KoverNow Survey of Millennials Shows Inclination To Purchase Insurance Via a Mobile App or App-based Products and Services
KoverNow, an insurtech start-up company based in Singapore, offering mobile consumer insurance services via its app, has released new research into millennial purchasing and risk attitudes to insurance.
WhitePaper: KoverNow Items Insurance
This paper summarizes the problems, solutions and technologies employed in developing a highly personalized digital insurance solution for individual assets, and considers the outlook for commercialising the product. Download the whitepaper here.
KoverNow: in tune with Asian consumer trends
In a recent trawl of my inbox, my eye was drawn to a recent McKinsey report: Redrawing Asia’s consumer map . The research gave me an opportunity to check whether our vision for KoverNow – to create a consumer-focused insurance platform for Southeast Asia – is on the right track. (And I couldn’t help thinking the report’s […]
