XN Worldwide Insurance, a MGA specialized in international mobility in Canada and part of the France-based Henner Group, has adopted insurtech CoverGo, the global next-gen insurance platform for health, life, and P&C, to launch a groundbreaking greenfield health insurance IPMI (International Private Medical Insurance) MGA focused on international markets across Europe, Asia, and Africa.
By adopting CoverGo’s end-to-end core health insurance platform within 8 months, XN can swiftly establish its presence in the market while operating fully digitally with streamlined operations.
This strategic move is poised to minimize time-to-market, boost conversion rates, provide first-class customer experience, and drive portfolio profitability, all while reducing operational costs.
With CoverGo’s flexible, patented no-code product builder, XN can efficiently build and launch products while ensuring compliance with diverse regulatory frameworks across international markets. CoverGo’s broker portal enables XN to distribute products digitally through a global network of brokers and other distribution partners.
Policyholders are empowered to manage their coverage and claims effortlessly through CoverGo’s members and HR portals.
This partnership marks a significant step towards innovation and efficiency in the international health insurance landscape.
The innovative and future- proof technology coupled with health insurance expertise of the team facilitated our decision to adopt CoverGo for our greenfield MGA and go to market within 8 months.
Cesar Moufarrege, Managing Director of XN Worldwide Insurance
Tomas Holub, CEO & Founder of CoverGo, emphasizes, “At CoverGo, we don’t simply act as a traditional vendor to our customers; instead, we partner with them to unleash their business innovation while providing the peace of mind that they can rely on us. This collaboration validates CoverGo’s health insurance capabilities not only for leading global health insurers but also for innovative MGAs and digital insurers launching greenfield operations.”
CoverGo is the global no-code, AI insurtech platform, enabling insurance companies to transform digitally in the most flexible, scalable, and cost-effective way.
XN, founded in 2001, is an expert in underwriting risks and providing insurance coverage solutions in Global Mobility and Specialty Risk. XN works closely with Brokers-Partners and International clients to design tailored programs according to their needs.
XN is part of the Henner Group, an international health insurance leader and Third-Party Administrator with offices in Paris, Singapore, Dubai, and other world capitals.
by Peter Sonner