NZbrokers goes live on JAVLN's policy management platform

NZbrokers, the largest insurance broking collective in New Zealand and a subsidiary of AUB Group, is adopting JAVLN’s cloud-based policy management platform.

Brokerage RMA Financial piloted the platform and went live at the end of January, successfully operating its business using the system. Roll-out to further NZbrokers members will continue over coming months.

Almost 50 businesses represented by NZbrokers will be provided with the platform, which enables them to collaborate more closely with clients and insurers, and will also drive operational and business efficiencies, the collective says.

The NZbrokers system, named Lola, is a full broking suite. It currently offers connectivity to two insurers, with a third planned by next month.

NZbrokers CEO Jo Mason says partnering with JAVLN provides members with technology to improve operational efficiencies and compliance, while enhancing the user experience.

“We sought a solution flexible enough to meet the needs of all our members and powerful enough to provide outstanding outcomes for over 140,000 clients,” she said. “The benefits are starting to be seen.”

JAVLN’s platform will give NZbrokers members greater visibility of their clients and policies, a modern and user-friendly interface and a multi-quote function that allows quotes to be obtained in real-time from insurers or underwriting agencies.

Established in 2014, Auckland-based insurtech JAVLN raised $6.7 million last year, backed by Australian fund manager Bombora as it aims to list on the Australian Stock Exchange (ASX), expand its presence in Australia and then in the Asia Pacific, with acquisitions possible.

Its platform offers full policy lifecycle management and also historical client information, automatic renewals and payment reminders.

“We are proud to support NZbrokers’ transformation and the growth of their member businesses. Our platform is designed for brokers and will help them manage policies end to end and respond to the needs of their clients,” JAVLN CEO Dale Smith said.