Youi Insurance has announced its entry into the NSW compulsory third party (CTP) market, effective immediately.

Under a new state scheme introduced this month, anyone injured in a road accident will receive benefits regardless of fault.

“We’re receiving more than 1000 CTP enquiries a month and, combining this with the introduction of the new scheme, we saw this as a great opportunity to better service the needs of NSW customers,” CEO Frank Costigan said.

Youi does not have its own licence but will act as a referrer for QBE, which issues the insurance.