DUAL launches WebRater to New Zealand market

CEO says the launch has been “a long time in the making”

DUAL launches WebRater to New Zealand market

Insurance News

By Ksenia Stepanova

DUAL New Zealand’s online trading platform, WebRater, launched last week at a Technical Briefing in Auckland, which was attended by over 100 brokers and hosted by DUAL regional manager, Paula Harris. Similar technical briefings to launch WebRater were also held in Wellington and Christchurch.

The launch has brought DUAL’s successful WebRater tool to New Zealand. It was developed in 2010, and is currently being used by over 8,000 brokers across Australia to instantly quote and bind their policies.

Commenting on the launch, Paula Harris said: ‘’It’s incredibly exciting to launch the WebRater and provide the New Zealand market an online solution for quoting and binding professions and uninsured exposures in two minutes.”

“In today’s digital world, brokers demand an ease of transaction for quoting risks to avoid unnecessary time wasting. WebRater allows us to simplify the quoting process by 24 hours a day, 365 days a year availability and only asking critical underwriting information material to price and cover. The true benefit for brokers of the WebRater is having a totally client centric system where an insured’s information is only needed once to generate a quote for up to eight products, along with having a full support team of 14 underwriters based in Auckland.”

DUAL Asia-Pacific CEO Damien Coates said that he is immensely proud of the work that has gone into the launch of WebRater, and that this signifies DUAL’s continued investment into the New Zealand market at a crucial milestone.

“As we approach 10 years in the New Zealand market, we have made a significant time, energy and cost investment in technology,” Coates said. “This will provide our brokers with the ability to quote products like professional indemnity, management liability and cyber with the limited information that they already have on file from placing standard lines, such as property.”

“This launch has been a long time in the making,” Coates added. “We’re confident that this innovation will be able to continue delivering on our promise to help brokers grow by removing the unnecessary frictional costs of the standard insurance quoting process.”


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