RACQ Insurance CEO John Myler said the Club would underwrite pet insurance for fellow mutual National Seniors Australia from Wednesday, a move that would benefit all RACQ members.
“As a mutual organisation, any profits we make from the product will be reinvested into our members and the Queensland community,” Mr Myler said.
“Underwriting our products outside our home State is a great way RACQ can build scale and increase profits to benefit our members right here in Queensland.
“Also, all underwriting and pricing work will be done right here, as will all claims management, which means more jobs for Queenslanders.
“RACQ has an industry-leading pet insurance product and we’re excited to be providing our services to another mutual organisation to help protect Aussie pets and create value for our 1.7 million members.”
Mr Myler said the Club was able to leverage the expertise and new technology platform developed since it began underwriting the same product for fellow auto club insurer RAC in Western Australia in 2017.
RACQ has offered pet insurance since October 2015, with more 12,100 Queenslanders taking up the cover.