XCover

XCover is Cover Genius's insurance product distribution service that delivers ready-to-sell insurance products through the Offers API. When you integrate with the Offers API, XCover handles product selection, underwriting, pricing, policy administration, and claims management, enabling you to offer insurance without becoming an insurance company.

The Offers API connects your application to XCover's insurance product catalog:

1. Create Offer - Send customer and business context to XCover via the Offers API
2. Receive Products - XCover returns relevant insurance products with pricing and content
3. Present to Customer - Display the insurance offer using the provided content and pricing
4. Confirm Offer - When customer accepts, confirm the purchase through the API
5. Policy Issued - XCover issues the policy and handles all administration

What XCover Handles

When you use XCover through the Offers API, the service manages:

Product Management

• Insurance product catalog and availability
• Product configuration and rules
• Coverage terms and conditions
• Policy wording and documentation

Pricing & Underwriting

• Real-time pricing calculations
• Risk assessment and underwriting
• Dynamic pricing optimization
• Multi-currency support

Policy Administration

• Policy issuance and confirmation
• Certificate of Insurance (COI) generation
• Policy modifications and endorsements
• Cancellations and refunds

Regulatory Compliance

• Insurance licensing and regulations
• Jurisdiction-specific requirements
• Consumer protection compliance
• Data privacy and security

Claims Management

• Claims intake and processing
• Customer support for claims
• Settlement and payouts
• Claims reporting