Belgian embedded insurance orchestration platform, Qover, has secured a $12 million growth capital facility from CIBC Innovation Banking, bringing total funding raised since its inception to over $100 million. The company, founded in 2016, covers 15 million people across 32+ countries and aims to reach 55 million users by end of 2026 and 100 million by 2030. Qover's model aligns with companies like Revolut, Mastercard, BMW, and Monzo that want to offer insurance as a native feature of their products. The $12M facility is structured as growth capital rather than equity and will fund continued investment in the orchestrations platform, AI capabilities, and operational infrastructure. The growth of Qover comes at a crucial moment for the embedded insurance sector, with Fortune Business Insights predicting the global embedded insurance market will grow from $176 billion in 2026 to $1.