NZI has acquired an ownership stake in Initio, a New Zealand-based Insurtech, with plans to leverage its proven digital platform and establish a broker dedicated NZI personal lines agency.
Garry Taylor, Executive General Manager NZI, says, “This marks a significant step forward in NZI’s digital transformation strategy. This investment allows us to bring together NZI’s underwriting expertise with Initio’s cutting-edge digital capability to deliver a compelling digital experience for brokers and their clients.”
Designed to simplify and enhance the way brokers serve their customers, the NZI agency will provide faster quoting, smarter pricing, and simpler claims handling. The platform will also feature client and broker dashboards with full policy and claims visibility, while enabling brokers to maintain oversight and add value where it matters most.
NZI currently underwrites Initio’s insurance program and sees this acquisition as an opportunity to harness its smart technology to deliver innovative, technology-driven solutions that meet the evolving needs of brokers and customers alike.
