Diversified financial services group Yellow Brick Road (YBR) has agreed to distribute general insurance products offered by Suncorp’s Vero.
With the agreement in place, Vero will provide insurance options to Vow Financial and YBR clients, including customer services for possible claims.
The partnership between the companies spans a five-year period.
YBR executive chairman Mark Bouris commented, “Partnering with Vero will ensure our lending and wealth clients get the protection they need.”
Suncorp chief executive for customer marketplace Pip Marlow also said that the partnership will enable clients to choose their preferred insurance products even while arranging their loans, whether from Suncorp or another financial institution.
“This arrangement reflects our commitment to delivering greater value for our partners and their clients by giving them easy access to our services and solutions through a channel that suits them best,” Ms Marlow added.