Person holding a phone with Clearcover UI
Clearcover & Adyen

Insurance reimagined: Clearcover’s smart payments evolution

How this InsurTech challenger brand leveraged Adyen’s technology to drive payment efficiency and a best-in-class customer experience.

Legacy industries are constantly being reimagined, and insurance is no exception. Enter Clearcover, a digital first, flexible and more affordable alternative to traditional insurance.

While most insurance companies begrudgingly work their way into digital channels, Clearcover was born with technology in mind. By focusing on efficiency, the business offers customers everything they need - claims, payments, policies - all via their award-winning app. With the end goal of a best-in-class customer experience, something not usually associated with the insurance industry, Clearcover provides hassle-free, affordable insurance. Simple as that.

Adrian Davis, Commercial Lead - Financial Services & Insurance at Adyen, explains, “Clearcover is a real pioneer in the US insurance market and a customer we love working with. Their ability to rethink a legacy industry and work in days compared to years - what we sometimes see in this industry - means they’re ahead of the game when it comes to customer centricity and a tech first offering. They’re a cutting edge company that, like us, represents a challenge to the status quo of what ‘has been’ for years.” 

24%

Authorization rates up by 24% in three years.

50%

Average transaction volume increased almost 50%, with a substantial reduction in number of transactions.

$2

An average of $2 of cost savings per transaction in the last six months with intelligent payment routing for US debit.