Expanding fast: Blue Zebra rolls out more products

Expanding fast: Blue Zebra rolls out more products

Looking to the future: Blue Zebra founder Colin Fagen

Blue Zebra has expanded its product offerings in the last two months, as the fast-growing underwriting agency seeks to capitalise on the momentum it has achieved since launching in 2018.

Its most recent rollout is the SME product, which came just after the agency converted its Commercial Motor pilot to full-scale distribution. Both products are available on the Zebra lounge platform and underwritten by Youi.

Colin Fagen, Managing Director of the agency, says the moves “put us on a strong foundation for next year, expanding our commercial books”.

“We see next year as being a very good year,” he told Insurance News.

Mr Fagen says the SME product received more than 100 quotes on the first day of its launch and the feedback from brokers has been very positive.

The Commercial Motor offering gives brokers the option to instantly quote and bind fleets of up to 10 vehicles with cover options for Comprehensive, Third Party Fire and Theft, or Third Party only.

Feedback for the product has also been very positive.

Mr Fagen says the commercial motor launch builds on momentum generated by the launch in October of Lloyd’s-backed Blue Point Insurance, a new personal accident and sickness insurance brand.

Blue Point Insurance is a partnership with Point Insurance and aims to become a major player in the personal accident insurance market within the next five years.

Mr Fagen told insuranceNEWs.com.au the personal accident and sickness insurance market is “an area that is probably under-penetrated” and believes “there is more opportunity for brokers” to sell this to clients such as SME owners and tradesmen.

“As a result of our increasing product range, our user numbers have continued to climb and the demand from brokers is very strong,” he said.

The new commercial motor product incorporates the data and technology benefits of Blue Zebra’s Private Motor product, along with other specifically tailored features. The product has been in development for the past couple of months, with a number of brokers selected to help refine pricing, product and technology.

Claims are managed by Insurx/Hello Claims and Blue Zebra is offering brokers a variable commission of up to 15%, with a default of 12.5% for launch.