Zurich will enter the personal home insurance market and scale up its motor footprint through an expanded partnership with Honey.

The insurer will underwrite and manage claims for home, landlord and motor policies distributed under Honey’s brand, and through arrangements with Bank of Queensland and other parties.

Head of general insurance Alex Morgan says the partnership draws on Zurich’s strong capital foundation and technical capability and Honey’s digital distribution model, and represents an opportunity to develop the customer experience and competitive offering in the local market.

“More broadly, it marks an important milestone for Zurich as we continue to grow and scale our presence as Australia’s only major composite insurer, with propositions across personal home, motor, pet, travel, landlord and life insurance,” he said this morning.

In March, Zurich and Honey Insurance announced they had teamed up on a pet cover product. Their new, expanded arrangement takes effect from October.

Honey CEO David Krawitz said: “We’re proud of what we’ve built with Zurich through our pet insurance partnership, and bringing that same approach to home, landlord and motor insurance is a natural next step for us.”

Honey was founded by executive chairman Richard Joffe and launched in 2021, entering the home and contents market with underwriting support from RACQ.

The insurtech later announced several distribution arrangements including with Bank of Queensland.