Blue Zebra exploring opportunities with a new underwriting partner
Blue Zebra is working exclusively with Youi to explore the opportunity to be Blue Zebra’s new underwriting partner for personal lines and SME business, the latter to be launched in the second quarter. The announcement follows an update from Zurich that it is ending its underwriting relationship with Blue Zebra.
Blue Zebra launched its first personal lines insurance products in May 2018 and now offers Home, Motor and Landlord insurance as well as its innovative Home Business Extension cover. It delivers its product suite exclusively to brokers and their clients.
Blue Zebra intends to have an arrangement in place with Youi for all personal lines policies incepting from March 17, 2020.
“With $110m GWP written during the past 12 months and more than 100,000 policyholders, Blue Zebra has experienced strong and unprecedented demand during its start-up phase since launching in May 2018. We are proud of our achievements to date and thank our broker partners for their support in growing one of the world’s insurtech success stories. We are excited by the upcoming launch of new products and features in 2020 as we continue to evolve our offering. Working with Youi we recognize the significant potential to further deploy our automated portfolio transfer solutions for brokers across personal lines. Further, Blue Zebra and Youi should be ideally placed to capitalize on the significant white labeling opportunities, based on our API technology that has already been selectively deployed to a number of our partners with great success. We would like to thank the team at Zurich for their extensive support during our start-up phase and wish them well with their ongoing plans.”