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Open scores partnership with New Zealand telco

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Open, the Hollard-backed insurtech behind the Huddle brand, has entered into a bundling partnership with New Zealand telco and electricity provider Slingshot.

The arrangement means Slingshot customers will be able to receive their home, contents and landlord insurance along with their energy, mobile and broadband in a single bill.

With integrated billing, customers not only pay insurance premiums, power and telco services under one invoice, but they can also choose to pay weekly, fortnightly or monthly as they do for existing Slingshot invoices.

“One of the biggest challenges with insurance today is that it’s not there to buy when it’s needed the most,” Open co-founder and CEO Jason Wilby said.

“Bundling insurance products with Slingshot’s broadband services presents clear and simple cover offerings through a brand people already know and trust.”

Open products are underwritten by the Hollard Insurance Company in Australia and Tower in New Zealand.

The insurtech launched in New Zealand last year after raising $31 million in new capital from investors.