Youi

Last updated

Youi
Company typePrivate
Industry Insurance
Founded2007
Headquarters Sippy Downs,
Queensland
,
Australia
Area served
Australia
Key people
Nathaniel Simpson (CEO)
Products vehicle, home and contents insurance, roadside assistance and small business insurance
Services
Number of employees
1,700 (2024)  OOjs UI icon edit-ltr-progressive.svg
Parent OUTsurance
Website www.youi.com.au

Youi is an Australian insurance company. Its services cover vehicles, homes, product liability, and watercraft. [1] [2] Youi was founded in 2007 by its parent company OUTsurance [3] and is headquartered in Queensland, Australia. [4]

Contents

Overview

Youi was founded in 2008 by its parent company OUTsurance, making it the first African company to set up an insurance firm in Australia. OUTsurance is also a Rand Merchant Investment Holdings subsidiary, a South African investment holding company. [5]

In 2014, OUTsurance launched Youi New Zealand as the subsidiary of Youi Australia. [5] As of 2022, the company is headquartered in Queensland, Australia. [6] In September 2019, Youi sold its 34,000 New Zealand policies to Tower. [7] [8]

Youi opened an office in Sydney in 2022. [9]

The company provides insurance services and insurance products that include car insurance, home insurance, business liability, motorcycle insurance, caravan insurance, trailer insurance, [1] and roadside assistance. [10] [11] in Australia and New Zealand.

Youi has over 100 APIs, which are used to integrate third-party systems. The APIs are run by Youi's Communication (Comms) team.

References

  1. 1 2 "Youi Insurance Products / For Individuals | Youi". www.youi.com.au. Retrieved 19 December 2022.
  2. ↑ "Youi car insurance comparisons for July 2022 | Mozo". mozo.com.au.
  3. ↑ "About Youi | Our Approach, Purpose & Vision for Insurance". www.youi.com.au. Retrieved 19 December 2022.
  4. ↑ Youi hires more than 200 staff in Qld. The Courier Mail.
  5. 1 2 "OUTsurance Holdings Limited 2015 Annual Report". OUTsurance Holdings Limited. 30 June 2015. Retrieved 23 March 2016.
  6. ↑ "Youi unveils new $73 million Sunshine Coast headquarters". Sunshine Coast Council. 17 November 2017.
  7. ↑ Stock, Rob (24 September 2019). "South African insurer Youi sells its 34,000 New Zealand policies to Tower". Stuff.
  8. ↑ "Youi Customer Alert | Youi Insurance". www.youi.com.au. Retrieved 19 December 2022.
  9. ↑ "Youi opens Sydney office - Corporate - Insurance News - insuranceNEWS.com.au". www.insurancenews.com.au.
  10. ↑ Libatique, Roxanne. "Youi announces new roadside assistance partner". www.insurancebusinessmag.com.
  11. ↑ "Roadside Assistance Australia | Youi Insurance". www.youi.com.au.
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