# MyCover\.ai

> Open insurance API platform for embedding insurance across Africa

## At a glance

| Field | Value |
| --- | --- |
| Category | Distribution & Sales |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | Lagos, Nigeria |
| Founded | 2021 |
| Stage | Startup |
| Employees | 11-50 |
| Funding | Seed |

## Overview

MyCover.ai is an embedded insurance infrastructure provider for carriers, distributors, and digital businesses operating in the African market. The company operates as an open API platform that connects businesses to licensed insurance carriers, enabling them to integrate and distribute insurance products without holding their own carrier license.

The platform delivers REST APIs, JavaScript SDKs, and no-code/low-code integration tools supporting JavaScript, ReactJS, VueJS, Android, and iOS environments. Businesses can embed insurance purchasing, renewals, and claims tracking into their own products in minutes. MyCover.ai also offers AI-powered claims management, fraud detection, and virtual vehicle inspection capabilities, covering lines including health, auto, credit life, personal accident, travel, home, gadget, and goods in transit.

Since launching in 2021, the company has processed over 50,000 policies and generated more than USD 1M in gross written premiums. It operates through a network of 30 active insurance distributors and partners with licensed carriers including Hygeia, Leadway, Sovereign Trust, AIICO Insurance, and Allianz. MyCover.ai participated in the Techstars Toronto 2022 cohort and raised a USD 1.25M pre-seed round in July 2023.

## Products & services

### Open Insurance API

REST API and JavaScript SDK (npm: @mycoverai/mca-javascript-sdk) enabling businesses to embed insurance purchase and renewal flows directly into their platforms.

**Key features:**

- Supports JavaScript, ReactJS, VueJS, Android, and iOS
- Covers purchase, renewal, and white\-label deployment
- Claims Tracking API for real\-time status updates

*Target users:* Digital businesses, fintechs, lenders, and aggregators embedding insurance

### No\-Code/Low\-Code Integration Tools

Tools enabling non-technical teams to integrate insurance products into their offerings without deep engineering effort.

**Key features:**

- Embeds insurance in minutes
- White\-label options for distribution partners
- End\-to\-end platform accessible online and offline

*Target users:* Businesses without dedicated developer resources

### AI\-Powered Claims Management

Automated claims evaluation, fraud detection, and payout solution with a responsive Claims Tracking API.

**Key features:**

- Automated loss assessments and instant payouts via mobile app or API
- AI fraud detection in claims processing
- AI\-driven virtual vehicle inspection for remote auto insurance claims

*Target users:* Insurance carriers and distribution partners

### MyCoverGenius

B2B insurance platform offering affordable coverage for small businesses and entrepreneurs, starting at approximately USD 2/month.

**Key features:**

- Targeted at SME and informal sector
- Personal accident, health, and business\-interruption coverage
- Low\-cost entry price point

*Target users:* Small businesses and entrepreneurs

## Category & focus

- Subcategories: Embedded Insurance, API Platform, Claims Automation
- Insurance verticals: P&C Personal, Health, Specialty/E&S
- Target customers: Carriers, Brokers, Consumers

## Notable customers

- Keza \(asset financing \-\- Credit Life and gadget insurance\)

## Links

- Website: <https://www.mycover.ai>
- Directory profile: <https://insurtechlist.com/companies/mycoverdotai/>
- Blog: <https://www.mycover.ai/blog>
- Careers: <https://www.mycover.ai/careers>
- Linkedin: <https://ng.linkedin.com/company/mycoverai>
- Documentation: <https://docs.mycover.ai>

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*Last updated: 2026\-06\-03*