The re-introduction of COVID restrictions hasn’t slowed the momentum of our industry in New Zealand, with many local InsurTechs reporting they are signing deals, raising capital and hiring.
The theme of our successful member event on 30th August was investment, in an effort to understand what the global boom in funding means for Kiwi InsurTechs. We heard that while there’s more international VC interest in New Zealand tech, InsurTechs must continue to focus on globally scalable ideas, and present a great team, proven customer use case and demonstrable growth. Thank you to our speakers – Hursh Shah, Investment Manager, NZ Growth Capital Partners, Nicole Buisson, Chief Customer Officer, Open, and Michael Moyes, Partner at Duncan Cotterill. Couldn’t make it on the night – catch some of the key points here.
The theme proved timely, for the following day Open announced a $31M raise! A certified B Corporation, Open is hiring Kiwi talent to develop its embedded insurance offering, increasing the economic diversity of Queenstown. Congratulations to Open’s team.
On the subject of money, we need your support to make this fledgling Association sustainable. Look out for renewal communications or better still go directly to our joining page.
Wednesday 29th September is the date of the next Member Connect Event, with a data theme. Keep your ideas for event topics and venues coming. While September’s event is online, we welcome interest in hosting future events in member offices.
If you would like to tell the industry about your company’s wins or offer value to members through this newsletter and our website, let us know at info@insurtechnz.org.nz
Kind regards,
Blair Turnbull, Co-chair
Dale Smith, Co-chair
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