New Zealand:Tower and InsurTech firm to launch disruptive car and home insurance

Kiwi insurer Tower has formed a partnership with Australia's InsurTech firm, Open, to launch personalised insurance service Huddle in New Zealand. The launch is scheduled to take place in late 2021, Open says in a statement.

Open’s New Zealand operation will be underwritten by Tower and leverage Tower’s reinsurance, pricing and claims supply chain, all via API thanks to Tower’s significant investment in technology.