Youi and Blue Zebra have forged a new partnership with Youi to underwrite the Sydney-based insurtech’s personal lines and soon-to-be-launched SME insurance business according to a story on Insurance Business News. The five year deal comes after Zurich announced that it would no longer underwrite Blue Zebra policies.
Youi CEO Hugo Schreuder said the partnership between the two “entrepreneurial, challenger brands” will allow Youi to fast-track the development of its offering.
Blue Zebra’s Colin Fagen, meanwhile, said the new tie-up enables the company to “continue to build its business and support the broking community in the Australian market, for both personal lines and the soon-to-be-launched SME products.”
The deal with Youi will have minimal impact on Blue Zebra’s operational model or product coverage. Current policies with Zurich Australia Insurance will also not be impacted and this change will take effect for all personal lines policies incepting from March 17.
Zurich will continue to be the security for any current or future new business quotes that will incept up to and including March 16.
Blue Zebra’s products will continue to be available via its Zebra Lounge platform; while its relationship with Claim Central to deliver broker claims service will also continue.