SGI CANADA and Nuera Insurance enter into partnership agreement
Regina, SK (Apr. 30, 2018) — SGI CANADA and Western Canadian-based online brokerage Nuera Insurance have entered into a partnership agreement to offer SGI CANADA’s personal lines products in Alberta, B.C., Manitoba and Ontario.
The partnership includes a loan that SGI CANADA has converted into 15% equity in the brokerage.
“This is an exciting opportunity to work with Braden Bosch and his talented team at Nuera to provide a simple and convenient online experience for consumers,” said SGI CANADA President and CEO Andrew Cartmell. “Nuera has an established track record of online sales and experience reaching online insurance customers. We wanted to plug into that experience, selling our products while also developing and refining our real-time data exchange capabilities.”
“We’re excited that a Canadian property and casualty insurance company has proven their dedication to the broker channel by making such an investment,” said Braden Bosch, Founder and President, Nuera Insurance. “To have an insurer like SGI CANADA believe in what we’re doing and make that kind of investment in the broker channel is really encouraging. The investment SGI CANADA is making on our side, and the ability to share that technology with brokers in the rest of the country demonstrates their commitment to brokers.”
In addition to the Nuera partnership, SGI CANADA is developing real-time data exchange capabilities to leverage for other interested online broker partners through application program interfaces. This will allow brokers to provide SGI CANADA products within their own customer online solutions.
“That knowledge is key to allow SGI CANADA and the brokers we partner with to grow and remain competitive,” Cartmell added.
About SGI CANADA
Saskatchewan Government Insurance (SGI) is the province’s self-sustaining auto insurance fund. SGI operates 21 claims centres and five salvage centres across Saskatchewan with a head office in Regina. SGI also works with a network of nearly 400 motor licence issuers across the province. Customers can now do some transactions online. For more information, visit www.sgicanada.ca.
About Nuera Insurance
Nuera is an InsureTech brokerage dedicated to delivering superior insurance products in a simplified and convenient way. Customers can quote, purchase and change their policies completely online from any device, any time, 365 days a year. Customers love Nuera’s industry-leading, 7 day a week service. And they can prove it; check out their 5-star reviews on Facebook & Google. For more information, visit www.nuerainsurance.ca
Source: SGI CANADATags: Nuera Insurance, partnership, SGI