Digital insurance specialist accepted by Hong Kong’s digital tech hub and key incubator
KoverNow, the popular digital insurance platform, has been accepted into Hong Kong’s digital technology flagship and key incubator, Cyberport. Well known for nurturing technology innovators and entrepreneurs, KoverNow joins more than 2,100 start-up members including two listed companies and seven unicorns on Cyberport’s journey to growth.
As an incubatee of the Cyberport Incubation Programme, KoverNow will be able to take advantage of a comprehensive platform designed to foster the success of digital tech entrepreneurs. Incubatees can receive generous financial assistance, on-site rental subsidy, professional advice and access to an unparallelled network to expand their business over the next two years. KoverNow will benefit from Cyberport’s proven track record for connecting start-ups with local, Mainland China and international partners so they can collaborate, share experiences, and form forward-looking partnerships. The incubator will also help KoverNow to nurture talent and foster technology development.
“We have been growing as a business in Singapore and we have everything in place to accelerate in Hong Kong,” commented John Trotter, Managing Director of Hong Kong at KoverNow. “Being part of this strategic, well-connected incubation programme is exactly the impetus that we need to propel us to the next level, and we are ready for the challenge.”
KoverNow is already actively running its Partner Programme for retailers that specialise in items such as watches, handbags, jewellery, cameras and laptops. Retailers can add value to their interactions with customers at the point of sale without integration or cost to set up, by allowing them to insure against accidental damage, loss and theft. This offers a comprehensive package combining warranty and a modern insurance solution, enabling retailers to show commitment beyond sale. KoverNow is building its network of partners in both Singapore and Hong Kong.
The KoverNow app allows users to insure valuables wherever they are, including when they are taking a vacation, and they can secure cover in moments. The easy-to-use app bases premiums on watches, for example, on valuations using market-tested data to ensure customers always pay a competitive and accurate rate for the insurance of their cherished items.