Bounce is thrilled to announce an agreement with Insurance Advisernet, one of New Zealand’s largest broker networks, to distribute Bounce’s parametric earthquake insurance through its national network of independent insurance advisers.

According to Sue Crawford, National Partnerships & Development Manager, “it’s been great to have Bounce introduce Parametric Insurance to the New Zealand market.  It provides a fantastic alternative option for customers, particularly in a hardening market where we are seeing continual increases in premiums for traditional insurance.”

Experience highlights the extent of damage, uncertainty, and anxiety that large earthquakes create for businesses and households. In times of crisis, everyone needs money for something they didn’t anticipate. That is where Bounce Insurance steps in by providing a payment within days of the policy being triggered by an earthquake event.  

Paul Barton, Managing Director of Bounce, says “we couldn’t ask for a better partner than Insurance Advisernet. They are very professional and progressive about finding solutions that best meet the needs of their customers, including products that are new or unconventional like Bounce.

Bounce is now available from any Adviser related to Insurance Advisernet. New Zealand is a seismic country, the chance of significant earthquake within the next 50 years is as high as 75% in some parts.

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About Bounce

Bounce, the first parametric InsurTech company in New Zealand for earthquakes, provides customers with affordable, hassle-free coverage with an immediate payout initiated via text message. Parametric means payments are triggered upon occurrence of a pre-specified event or data measurement, i.e. a “parameter”.

Bounce policies are underwritten and effected by Lloyd’s, the world’s specialist insurance and reinsurance market. Lloyd’s has an Standard and Poor’s(S&P) credit rating of A+.  

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About Insurance Advisernet

Insurance Advisernet New Zealand (IANZ) was established in 2006 and represents a network of over 65 highly skilled and independent insurance broking businesses, looking after more than 27,000 clients and employing over 350 staff nationwide.