Money20/20 USA: Cover Genius talks fighting fraud

We speak to Cover Genius’ VP of Strategic Partnerships for Retail, Alex Sklar, on what the insurtech is doing to combat the rising tide of fraud

In attendance at Money20/20 USA, held in Las Vegas from October 22-25, FinTech Magazine speaks to Alex Sklar, VP of Strategic Partnerships for Retail at Cover Genius, on what the insurtech is doing to combat fraud as part of its future development strategy. 

For our full interview with Sklar, you can click on the video link above.

Cover Genius: Fraud fighters

Speaking on the role Cover Genius is playing in the fight against fraud, Sklar says: “When we think about fraud and insurance, it comes in two flavours. One, are you buying insurance for something that's already happened or a product that's already broken, like cell phone insurance, for example?

“When you go to a website after Googling cell phone insurance, chances are your phone's already broken. 

“With embedded insurance available at the point of purchase, we know the condition of the phone that you bought. Also, by working directly embedded, our customers are already pre-vetted by the platforms. 

“Then we layer more fraud prevention on top of that by using our proprietary machine learning and AI platform. 

“We're constantly analysing billions of transactions and then using that information to not only help us dynamically price but also really understand whether each one is sanction checked and fraud checked with email identification and ID verification.”

Want to see more from Money20/20 USA? Stay tuned to FinTech Magazine as we roll out more content from the event over the coming days. 


For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.

You may also be interested in our sister site, InsurTech Digital, which you can also follow on LinkedIn and Twitter.​​​​​​​


BizClik is a global provider of B2B digital media platforms that provides executive communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare, and Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

Julia Carreon, Citi, Joins FinTech LIVE London

Julia Carreon, Global Head of Wealth Platform & Experiences at Citi, to speak at FinTech LIVE London – 22 and 23 October 2024

FinTech LIVE New York – Reasons to Attend

Returning June 2024, FinTech LIVE New York will be the ultimate event to connect the world’s influential fintech leaders in North America

FinTech LIVE New York – One Month to Go!

Just one more month to go until FinTech LIVE New York, don’t miss out on attending the ultimate virtual event for fintech leaders in North America

The Global FinTech Awards: The Categories – Part 3

Financial Services (FinServ)

SUBMISSIONS EXTENSION: The Global FinTech Awards 2024

Tech & AI

Joel Perlman, Co-founder, OakNorth joins FinTech LIVE London

Financial Services (FinServ)