Need more insight?
Speak to us about commissioning some bespoke research.
Find out moreTower Ltd. is engaged in the provision of general insurance. It is based in New Zealand, and can trace its history back to 1869.
Tower Ltd. offers car insurance, content insurance, house insurance, business insurance, travel insurance and others.
In 2018 Tower revealed it was planning to hold a digital transformation, including a technology upgrade. In 2019 the company began selling new business on a new platform as part of Phase One. Phase two was completed at the end of 2019, and inluded self-service, increased digital capability and migrating customers to the new platform. The final phase will see further technology upgrades, with costs expected within 5-7% of $45m.
In December 2019, Tower settled the acquisition of Youi NZ's insurance portfolio for NZ$13m. It gained 34,000 in-force policies as a result, and said that the move will add $24m of GWP, 64% of which will come from motor policies and 23% from house policies.
Speak to us about commissioning some bespoke research.
Find out more