tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, November 22nd, 6:31PM

Insurance

rss
Latest Headlines

AIA teams up with online platform

AIA New Zealand partners with fledgling online platform to offer its Starter plans.

Tuesday, July 12th 2022, 5:10PM

by Jenni McManus

AIA chief executive Nick Stanhope says the Starter plans offer basic, affordable insurance and the new digital deal includes AIA’s flagship Vitality Starter programs. 

“We partnered with Quashed as we believe we have a shared commitment to making insurance more accessible for all New Zealanders.”

Quashed, a one-stop-shop insurance platform, was founded by entrepreneur Justin Lim. It enables consumers to upload and store all their insurance policies in one place, access information on different types of insurance, find an adviser, share policy details with loved ones and compare and contrast different insurance products and prices.

And it’s free to consumers. Quashed makes its money by taking a commission from insurers who sell products through the platform and says it “may” charge for financial advice.

Lim says the site’s comparative market scan function has saved consumers an estimated $1 million since it launched in 2021. He says Quashed has grown its customer base 35 times in the past 18 months, reflecting consumers’ desire to manage their financial affairs online, and is aiming for 100,000 customers by 2023.

The AIA partnership comes as Quashed completes its second capital raising, for $1.1m. The round was oversubscribed, Lim says, and the funds will be used to support additional partnerships with general and life insurance companies in the coming months.

Tags: AIA

« Fidelity Life boosts non-medical limits as part of new underwriting packagePartners Life tells advisers more about the ‘claims squeeze’ »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Chubb's latest champion
Young maths prodigy takes out actuarial award.

New book: Unlocking group insurance
Christchurch adviser Corey Williams has released a new book helping advisers and employers put group insurance schemes in place.

Insurer gets warning from RBNZ
Geneva Finance's insurance subsidiary Quest Insurance been given a warning from the prudential regulator.

Big Shout Out
We wanted to give a Big Shout Out to Jack Newman for his fund raising efforts over the weekend.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com
x