Australian insurer looks to expand into commercial insurance

Daniel Mathee, chief executive of Australia-based insurer Youi Holdings Pty Ltd., has said that the insurer is seeking to expand into commercial insurance and compulsory-third party cover, The Courier Mail reported. The expansion will begin with New South Wales and move on to Queensland and South Australia, Mr. Mathee said. Youi is also looking at remodeling its sales techniques to capture more market with one potential area of expansion being online insurance purchases.

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