Weecover, an InsurTech insurance distribution platform, is expanding its focus on banks and financial institutions with technology designed to help organisations modernise, manage and scale their insurance operations.
The company provides infrastructure that enables embedded insurance, omni-channel distribution and insurance operations through a core technology platform. Weecover said its platform allows financial institutions to access the growing embedded insurance market, which is projected to exceed $1.1tn globally by 2033.
Weecover develops InsurTech infrastructure that helps financial institutions build and operate insurance distribution capabilities. The company's technology is focused on connecting banking relationships with digital insurance solutions, allowing institutions to expand their insurance offerings through more integrated customer experiences.
While bancassurance continues to dominate established distribution channels, with INESE data showing it accounted for 59.6% of new mass-line insurance production in 2025 across products including auto, home, health, burial and life insurance, Weecover said embedded insurance adoption remains limited.
Weecover's platform is designed to help banks integrate insurance products into digital customer journeys while also supporting wider distribution strategies. The technology enables use cases including payment protection within buy now, pay later (BNPL) models, insurance distribution across banking channels, insurance marketplaces and microinsurance products.