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.
At KoverNow, we are first and foremost a fully digital insurance company specialising in luxury items. Our customers love their high-value watches, jewellery, handbags, cameras and all kinds of collectibles, which is why our new slogan: ‘Insure your Passion’ is a true reflection of everything we offer to them.
2024 has been a year of milestones for us. In March we revealed the results of a survey conducted with the National University of Singapore into attitudes towards travel insurance. This data revealed how far consumers have come in terms of their preference for using digital channels to buy insurance products and for policies that can be turned on and off on demand.
John Trotter, Chief Sales Officer and MD in Hong Kong
In March, with the exciting appointment of John Trotter we sent a clear message to the market – we’re coming to Hong Kong! As Chief Sales Officer and MD in Hong Kong, John has quickly built on his extensive network to firmly establish KoverNow as a digital insurance presence outside its core customer base in Singapore.
Since then KoverNow has appointed three experienced team members to help the business quickly grow its profile in the country and build a new technology front-end for the app, signed two new strategic partners: Tokyo Marine, and Circles Group Insurance, and been accepted onto the prestigious Cyberport Incubation Program, Hong Kong’s digital technology flagship incubator.
Bold messaging and a proactive approach to building new partnerships took the Hong Kong team out to some of the territory’s most high profile events, including Hong Kong Fintech Week in October and InsureTech Insights Asia in December. You will also be able to find KoverNow at Web Summit Qatar in February 2025.
More to come in 2025
If you think 2025 might be a year of consolidation for KoverNow, think again! The company has ambitious growth plans in both Singapore and Hong Kong. Look out for updates to its popular app to deliver great new functionality and further improve the way it facilitates the end-to-end insurance cycle. Plus there will be an expansion to the KoverNow partner network and several luxury partnerships announced.
As we anticipate a busy period ahead, we would like to take this opportunity to wish everyone Happy Holidays and all the very best for the New Year!