SUNBIZ

Vehicle Insurance Claims Expected To Increase: Tower Insurance

The resumption of tourism brought with it optimism for Tower Insurance, Mr Rereiwasaliwa said. “We are excited about helping our customers over the year ahead,” he said.
16 Feb 2022 10:00
Vehicle Insurance Claims Expected To Increase: Tower Insurance
Tower Insurance Head of Pacific Digital Distribution, Veilawa Rereiwasaliwa.

A general insurance company expects to announce two new digital innovations this month.

Tower Insurance, a New Zealand- owned operator, said the announcements would include development of an online payment site.

Head of Pacific digital distribution, Veilawa Rereiwasaliwa, said two new products would be added on the company’s online sales platform.

 

It is a move to help customers cover insurance for their vehicle, home and contents.

All that would be available with the click of a button, he said.

 

2022 Projection
The resumption of tourism brought with it optimism for Tower Insurance, Mr Rereiwasaliwa said.

“We are excited about helping our customers over the year ahead,” he said.

Tower Insurance was upbeat about the number of new insurance covers being purchased, Mr Rereiwasaliwa said.

 

“We are seeing an increase in insurance policy sales this year,” he said.

“It’s not at pre-COVID levels.”

“However, the opening of the tourism industry and the removal of COVID-19 restrictions are having a positive impact on trade.”

 

Vehicle Claims
Where insurance claims are concerned, Tower Insurance expects motor vehicle claims costs to return to more normal levels, due to an increase in travel around the country,” he said.

“The trend is a continuation from the different stages of easing of COVID-19 restrictions.

“We’ve been lucky so far with no major cyclones hitting us directly,” Mr Rereiwasaliwa said.

 

But with six weeks left of the cyclone season, the situation remains fluid.

“We encourage all Fijians to ensure they have the right insurance protection in place,” he said.

SunBiz’s queries to some insurance companies remained unanswered when this edition went to print.

 

Feedback: frederica.elbourne@fijisun.com.fj



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