According to reports, Klarna will offer an enhanced level of protection to US consumers through Cover Genius’ global distribution platform, XCover.
The new feature enables consumers to protect their purchases from breakdown, accidental damage and more. Managing policies and filing claims is also made easy and convenient through the Klarna app.
The move is part of a growing trend among leading insurtechs as they strive to create a frictionless experience for customers by offering increasingly seamless processes for claims processing and payments.
Klarna announced the move following the launch of 13 new products in its super app portfolio.
Cover Genius responded to the news with the following statement: “We’re excited to announce our latest partnership with the global payments network and shopping assistant, Klarna! By integrating with our award-winning global distribution platform XCover, Klarna will offer AI-powered product protection to customers for the first time. With the feature, consumers can protect their purchases from breakdown, accidental damage and more. Our technology makes managing policies and filing claims easy and convenient through the Klarna app.”
Sebastian Siemiatkowski, CEO and Co-founder of Klarna,added: “Just like the internet gave everyone access to information, AI gives everyone access to intelligence, context and personalisation. At Klarna we’re using this to bridge the gap between the physical and digital world, connecting how humans get inspired with how computers search. I’m super proud that Klarna is leading this revolution in retail.”
Author: Joanna England
