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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.