Empowering Hong Kong consumers with digital insurance for luxury items and collectibles
Singapore & Hong Kong, February 3, 2025 – KoverNow is proud to announce its official licensing by the Hong Kong Insurance Authority as an insurance agency and the launch of the Hong Kong app in both iOS and Android. This milestone makes KoverNow’s pioneering digital insurance solutions for luxury goods and collectibles accessible to consumers in Hong Kong via the Apple App Store and Google Play Store.
“We have been quietly building our network of partners and establishing a presence in Hong Kong while we’ve been waiting for the license, so we’re now ready to hit the ground running,” said John Trotter, Managing Director of KoverNow in Hong Kong, “We are a fully licensed agency with the backing of expert insurance companies, so our customers can be sure that our policies will be suitable for their needs.”
A Fully Digital Insurance Experience with the KoverNow Hong Kong App
The KoverNow app is designed to give customers unprecedented control and convenience when insuring their valuables. Whether at home or traveling abroad, users can secure coverage in just a few taps. The app features:
- Insure in moments: Customers can get instant personalized quotes and their policy kicks in right away.
- Investment Protection: High-limit coverage with all-risk protection against loss, damage and theft.
- Flexible Policy: Collections tend to grow, so a policy can be adjusted to include any additions to a collection.
- Worldwide Protection: Whether at home or abroad, users are protected against loss, damage and theft.
- 24/7 Claims: Unexpected events happen. Customers can file a claim on the KoverNow app anytime, anywhere.
Expanding Luxury Insurance Offerings
While KoverNow’s initial product range in Hong Kong focuses on insuring luxury watches, jewellery, and handbags, the company will soon expand its offerings to include wine and spirits as well as art insurance—helping customers to cover a wider range of valued possessions.
These additions will further cement KoverNow as the go-to platform for insuring high-value items across multiple asset classes.
Driving Innovation Through Cyberport Incubation Programme
KoverNow’s growth in Hong Kong is further supported by its acceptance into Cyberport, the city’s renowned digital technology incubator. This partnership enables KoverNow to collaborate with local talent, develop cutting-edge technology, and build strategic relationships, enhancing its ability to meet the evolving needs of luxury consumers in the region.
Unlocking Opportunities for Retailers
Image: Azoya USA
KoverNow also collaborates with luxury retailers through its Partner Programme, enabling them to inform customers about Kovernow’s services at the point of sale. By adding coverage for accidental damage, theft, and loss directly into the shopping experience, retailers can add meaningful additional value to their services.
This program not only enhances customer satisfaction but also builds long-term loyalty by extending support beyond the initial purchase. With no setup costs or technical integration required, the Partner Programme is a simple yet powerful way for retailers to demonstrate their commitment to protecting their customers’ prized possessions.
With the Hong Kong license now secured, KoverNow is set to activate partnerships across the region, helping luxury retailers elevate their offerings with modern insurance solutions.
The KoverNow App
KoverNow’s expansion into Hong Kong is a step forward in redefining digital insurance for modern consumers. The app can be downloaded at the following links:
Download on iOS: https://bit.ly/kovernowhkios
Download on Android: https://bit.ly/kovernowhkandroid
KoverNow (Hong Kong) Limited (License No. GA1069) is registered in accordance with the Insurance Companies Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency for distribution of insurance products in Hong Kong.
About KoverNow
KoverNow is headquartered in Singapore, at the centre of its core markets in Asia Pacific and specialises in insuring luxury items such as watches, jewellery, handbags and collectibles. The company’s digitally enabled insurance platform dramatically improves the customer journey for purchasing and managing different types of personal insurance by streamlining processes and speeding up purchases, renewals and claims. KoverNow’s extensive network of expert insurers and reinsurers ensures the best prices and service for these highly specialized asset classes.
For further information, please contact:
Julie Kirby
Ascendant Pro jkirby@ascendpro.net or comms@kovernow.com
