Tower partners with Finsure

New partnership aims to streamline insurance services

Tower partners with Finsure

Insurance News

By Jonalyn Cueto

Tower Insurance has announced a new partnership with Finsure, one of the Asia-Pacific region’s largest mortgage aggregation groups, aiming to simplify insurance referrals for advisers and customers in New Zealand.

The collaboration is expected to reduce complexity for Finsure NZ advisers by leveraging Tower’s referral model, where a dedicated Tower team member manages the entire insurance quote process, a news release said.

Jonathan Beale (pictured), Tower’s managing director of partnerships, said the agreement aligns with the company’s commitment to providing accessible insurance solutions.

“We’re thrilled to partner with Finsure, a trusted international mortgage aggregation group with a fast-growing presence in New Zealand,” Beale said. “This partnership reinforces our commitment to offering Kiwis forward-thinking insurance products and services, and simple and rewarding customer experiences.”

Tower reported a 32% increase in the number of advisers in its network during the 2024 financial year, reaching 3,300 advisers. The company also noted a 19% rise in new policies sold via adviser referrals compared to the previous year.

Finsure New Zealand country manager Jenny Campbell welcomed the partnership, saying it would enhance the options available to advisers and their clients.

“Our partnership with Tower opens the doors to new, high-quality insurance products and services that will benefit our advisers and their clients alike,” she said.

According to the news release, the partnership also involves Vega Mortgages, a financial advisory firm. Vega group chief executive and managing director Harry Ferreira said the collaboration reflected Finsure’s growing influence in the New Zealand mortgage advisory sector.

“Finsure is fast becoming a leading player in the New Zealand mortgage advisory market, and their new partnership with Tower is testament to this,” Ferreira said. “By working together with Tower, Finsure is only set to increase their reach further across the country, delivering simple and effective mortgage services to even more Kiwi.”

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