RACQ to underwrite Pet Insurance in Victoria
Queensland’s largest Club has announced it would continue to expand its footprint outside State borders, underwriting pet insurance for fellow auto club insurer RACV in Victoria.
RACQ Insurance CEO John Myler said this would be the third such arrangement following partnerships with RAC Western Australia and National Seniors Australia.
“It’s great to be able to continue to leverage the technology and expertise we have in pet insurance, while ensuring all benefits are returned to RACQ members,” Mr Myler said.
“Underwriting this product outside our home State is a great way RACQ can build scale and increase revenue to benefit our members and their communities right here in Queensland.
“Also, all underwriting and pricing work will be done right here, as will all claims management, which means more jobs for Queenslanders.”
Mr Myler said RACV was a natural fit as the next insurer for RACQ to partner with.
“RACQ has an industry-leading pet insurance product and we’re excited to be providing our services to another mutual organisation to help protect Aussie pets and create value for our 1.7 million members.”
RACQ has offered pet insurance since October 2015, with more 12,100 Queenslanders taking up the cover.