Trade Me and Tower renew insurance partnership

28 July, 2021

Trade Me and Tower renew insurance partnership

The two iconic Kiwi brands provide insurance for Trade Me’s 1.7m customers

Trade Me has extended its six-year partnership with Tower Insurance for at least another five years.
Together the two Kiwi businesses will continue offering insurance to Trade Me’s millions of members and will invest further in new products and digital services.

Tower Insurance CEO Blair Turnbull says, “We know that Kiwis want to protect the things they love
whether that’s their home, their car or their new boat bought through Trade Me. Our partnership
with Trade Me makes it even easier for customers to insure their belongings all in one place at the click of a button.

“We are delighted to continue our special and unique partnership with Trade Me.”

In the coming months Tower plans to add new pet and boat insurance products to the Trade Me
Insurance offering for the more than half a million Kiwis who visit the site every day.

During the past six years Trade Me Insurance has received ongoing positive feedback about its service and pricing, as well as the ease of getting quotes and completing transactions online.

Tower’s MD of Partnerships, Jonathan Beale says, “Tower and Trade Me first partnered to launch Trade Me Insurance in August 2015. At the time, it was New Zealand’s only digital general insurance provider and offered home, contents and car cover. Currently, there are over 30,000 policies protecting Trade Me customers’ belongings.”

Head of Trade Me Insurance Jeremy Wade says, “Everyday over 670,000 Kiwis visit Trade Me looking for things they want or need. While they’re with us, we want to help them insure their most valuable things like their home, car and contents, and our partnership with Tower does just that.”

Trade Me is one of many partnerships Tower invests in to develop new products, to deliver products in better ways and to do existing tasks more efficiently. Some of Tower’s other partners include TSB, The New Zealand Defence Force, Open, Amodo and Allianz.

ENDS

About Tower Insurance
Born and bred in New Zealand, Tower has been supporting Kiwis when they need it most for 150 years. In that time, we’ve grown to operate across New Zealand and the Pacific Islands, providing our customers with cover for their houses, cars, contents, businesses and more.

While our heritage is important to us, we’ve also set our sights on the future. Our goal is to meet the 21st century head-on with customer focussed, digital-first insurance solutions for Kiwis and their communities.



This announcement has been authorised by the Tower Board.

Blair Turnbull
Chief Executive Officer
Tower Limited

For media enquiries, please contact in the first instance:
Emily Davies
Head of Corporate Affairs and Reputation
+64 21 815 149
[email protected]

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Announcement PDF