A look at the investment case for CoverMore. David Allingham from Eley Griffiths outlines some of the reasons behind his optimistic outlook on CoverMore. After a volatile debut CoverMore appears to be gaining momentum, however, it does come with a few risks. The Company has substantial contracts in place with Flight Centre a relationship that has been instrumental in the Company's growth. As Flight Centre successfully promotes outbound travel to Australian holiday makers CoverMore is able to sell more of their insurance products. CoverMore has already gained 40% market share and Allingham says, We think in the near term there are some great wins through the Flight Centre channel to further penetrate the market. However, the contract between CoverMore and Flight Centre is due to be reviewed in 2019 - presenting investors with a potential future earnings risk. David provides further detail explaining why they have increased their holding: