QBE Automotive Protection partners with Repair Ventures to launch Vehicle Replacement Insurance [Yahoo! Finance]
QBE INSURANCE GP S/ADR (QBIEY)
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Source: Yahoo! Finance
Equipment Manufacturers (OEMs) to provide their customers with enhanced vehicle protection in the event of a total loss. VRI offers drivers a brand-new equivalent vehicle following a total loss – regardless of the age or market value of the original car. The product is available following the purchase of a brand-new vehicle. When a vehicle is written off, standard auto insurance typically pays out the current market value of the car — not what the owner originally paid for it. Repair Ventures, a leading provider of marketing technology and services for the extended vehicle protection industry, is the exclusive distributor of QBE's new Vehicle Replacement Insurance (VRI). Shaqeel Hussain, Global Head of QBE Automotive Protection , said: "Vehicle Replacement Insurance reflects our shared commitment to innovating protection products that truly serve drivers' needs. Partnering with Repair Ventures allows us to deliver white-label eCommerce tools, AI-powered marketing automation, a
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