Sydney, Australia (CU)_ Australian insurance technology business Open Insurance has collaborated with Slingshot, a telecommunications and electricity company based in New Zealand, to offer power, mobile, and insurance packages. The collaboration enables the supply of home, contents, and landlords’ insurance along with power, mobile, and broadband on a single bill, making Slingshot the first company in New Zealand to bundle electricity, mobile, and insurance.
The objective is to enhance customer service and experience by providing discounts for bundling. Eligible customers with suitable internet, electricity, mobile, and home and contents insurance may save up to $360 per year on their broadband service, with additional mobile and insurance policies receiving further savings.
Jason Wilby, co-founder and chief executive of Open Insurance, expressed confidence over the collaboration. He said, “One of the biggest challenges with insurance today is that it’s not there to buy when it’s needed the most. Bundling insurance products with Slingshot’s broadband services presents clear and simple cover offerings through a brand people already know and trust.”
Using integrated billing, users pay insurance premiums, power, and telecom services on a single invoice and can choose between weekly, fortnightly, or monthly payment system, similar to their current Slingshot bills. At launch, Slingshot clients who bundle their home or contents insurance, or both, with a suitable Slingshot internet package can save up to $120 annually on their broadband subscription.
Taryn Hamilton, chief consumer officer at Slingshot, expressed optimism over the partnership. He stated that the agreement will assist New Zealanders combat inflation by allowing them to save more time and money through substantial discounts. Hamilton said, “We’re constantly looking for opportunities to add value for our customers through innovative approaches and making Kiwis’ lives easier”.