FIVE MINUTES WITH ...
ANGUS MCDONALD EXECUTIVE BIO
ANGUS MCDONALD
TITLE : CEO AND CO-FOUNDER COMPANY : COVER GENIUS INDUSTRY : SOFTWARE PRODUCTS LOCATION : SYDNEY
Angus McDonald is CEO and
Co-Founder of Cover Genius , an insurtech company helping to revolutionise embedded insurance through its distribution platform , XCover . Based in Sydney , McDonald founded the company in 2014 alongside fellow Co-Founder Chris Bayley and helped guide it to a billiondollar valuation in 2021 .
The CEO and Co-Founder of insurtech unicorn Cover Genius talks to us about their insurance distribution platform , the power of persistence , and why he looked up to tennis players as a kid .
Q . DESCRIBE YOUR ROLE AND YOUR BACKGROUND . HOW DID YOU GET TO THIS POINT ?
» Chris Bayley and I co-founded Cover Genius because we saw a massive opportunity in the trillion-dollar insurance sector , where traditional insurers were siloed , country-specific and difficult to work with .
To address this , we built our global insurance distribution platform , XCover . We focused extensively on acquiring the necessary licences or authorisations in more than 60 countries and all 50 US States to distribute insurance ( and noninsurance ) products via XCover , with claims and support handled by XCover . com – a consumer site that has been shown to reduce support inquiries seven-fold .
20 May 2023