Underwriting agency Blue Zebra has expanded its offering again with the full launch of its commercial motor product.

Underwritten by Youi, the product gives brokers the option to instantly quote and bind fleets of up to 10 vehicles with cover options for Comprehensive, Third Party Fire and Theft, or Third Party only.

Blue Zebra MD Colin Fagen says the launch builds on momentum generated by the recent personal accident (Blue Point) product launch, as previously reported by insuranceNEWS.com.au.

“As a result of our increasing product range, our user numbers have continued to climb and the demand from brokers is very strong,” Mr Fagen said.

“Yesterday alone, more than 100 commercial motor opportunities were quoted in the system across more than 65 broker organisations and daily user numbers spiked by 10%.”

The new commercial motor product incorporates the data and technology benefits of Blue Zebra’s Private Motor product, along with other specifically tailored features.

Claims are managed by Insurx/Hello Claims and Blue Zebra is offering brokers a variable commission of up to 15%, with a default of 12.5% for launch.

Mr Fagen says the product has been in development for the past couple of months, with a number of brokers selected to help refine pricing, product and technology.

“We thank our broker partners for collaborating on the development of our commercial motor offering and will continue to further calibrate the product based on broker feedback during November.

“I think our brokers appreciate that we are delivering on our promises to bring new products to market and give them great options to compete in new areas.

“Next week we also expect to launch SME, which we think will be a major boost for progressive thinking brokers.”