Covomo | Covomo: Europe’s user-generated insurance platform

Summary
Covomo is a specialised insurance platform providing plans based on on-demand user-generated content.

Covomo offers end-users the ability to insure the things they care about. Not to be constricted by pre-determined plans that don't cover the scenarios or objects deemed most important. The platform compares coverage plans from several insurers instantaneously, providing an objective and easy-to-purchase platform over mobile or web.
Covomo’s latest expansion to offer all forms of specialised insurance was based on the success of Covomo’s original travel insurance comparator service. It had gained exceptionally positive traction, and importantly, an overwhelming response by brokerage organisations to expand to varying categories of specialised insurance. The current prototype platform has already received positive feedback and solid support from over 40 multi-national European insurers and over 275 European brokerages.

The proposed work in Phase 1 of the SME instrument fits into the overall plan to reach market by contributing the financial resources needed to plan a faster and wider deployment of Covomo and its market uptake, in the go-to market countries of Germany, France and Belgium.
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More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/773939
Start date: 01-06-2017
End date: 30-09-2017
Total budget - Public funding: 71 429,00 Euro - 50 000,00 Euro
Cordis data

Original description

Covomo is a specialised insurance platform providing plans based on on-demand user-generated content.

Covomo offers end-users the ability to insure the things they care about. Not to be constricted by pre-determined plans that don't cover the scenarios or objects deemed most important. The platform compares coverage plans from several insurers instantaneously, providing an objective and easy-to-purchase platform over mobile or web.
Covomo’s latest expansion to offer all forms of specialised insurance was based on the success of Covomo’s original travel insurance comparator service. It had gained exceptionally positive traction, and importantly, an overwhelming response by brokerage organisations to expand to varying categories of specialised insurance. The current prototype platform has already received positive feedback and solid support from over 40 multi-national European insurers and over 275 European brokerages.

The proposed work in Phase 1 of the SME instrument fits into the overall plan to reach market by contributing the financial resources needed to plan a faster and wider deployment of Covomo and its market uptake, in the go-to market countries of Germany, France and Belgium.

Status

CLOSED

Call topic

SMEInst-01-2016-2017

Update Date

27-10-2022
Geographical location(s)
Structured mapping
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EU-Programme-Call
Horizon 2020
H2020-EU.2. INDUSTRIAL LEADERSHIP
H2020-EU.2.1. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
H2020-EU.2.1.1. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
H2020-EU.2.1.1.0. INDUSTRIAL LEADERSHIP - ICT - Cross-cutting calls
H2020-SMEINST-1-2016-2017
SMEInst-01-2016-2017 Open Disruptive Innovation Scheme
H2020-SMEINST-2-2016-2017
SMEInst-01-2016-2017 Open Disruptive Innovation Scheme
H2020-EU.2.3. INDUSTRIAL LEADERSHIP - Innovation In SMEs
H2020-EU.2.3.1. Mainstreaming SME support, especially through a dedicated instrument
H2020-SMEINST-1-2016-2017
SMEInst-01-2016-2017 Open Disruptive Innovation Scheme
H2020-SMEINST-2-2016-2017
SMEInst-01-2016-2017 Open Disruptive Innovation Scheme