# Bounce Insurance

> Parametric earthquake insurance, triggered by seismic sensor data instead of loss assessors

## At a glance

| Field | Value |
| --- | --- |
| Type | MGA |
| Region | APAC |
| Headquarters | Wellington, New Zealand |
| Founded | 2020 |

## Overview

Bounce Insurance is a parametric earthquake insurance MGA selling residential cover direct to consumers and commercial cover through brokers across New Zealand. Founded in 2020 by Managing Director Paul Barton, a former Chief Risk Officer at the Medical Assurance Society, Bounce was the first parametric earthquake insurance provider available to New Zealand consumers.

Bounce is a Lloyd's of London coverholder, with underwriting capacity supplied by Munich Re and technology and operational support from Jumpstart Insurance. Policies pay a pre-defined cash amount automatically when GeoNet's network of seismic sensors records ground shaking above a set threshold at the nearest station, removing loss adjusters, damage assessment, and excess from the claims process. Residential cover pays out on a stepped schedule tied to peak ground velocity readings, while commercial and corporate cover extends to bespoke bindable limits.

Distribution runs through two channels: a direct-to-consumer residential product launched in 2020/2021, and a commercial and corporate line sold exclusively through brokers including Marsh and Guy Carpenter, supported by a self-service broker portal for quoting, underwriting, and binding. The company is bootstrapped, with no external venture funding disclosed.

## Products & services

### Residential Parametric Earthquake Insurance

Direct-to-consumer cover for renters and homeowners, with recovery payments of NZD 10,000 or NZD 20,000.

**Key features:**

- Automatic claims trigger from GeoNet Peak Ground Velocity \(PGV\) readings at the nearest strong\-motion sensor
- Stepped payout schedule: 10% of sum insured at 20cm/sec, 40% at 25cm/sec, 100% at 30cm/sec or higher
- No loss assessors, no upfront damage evidence, no excess
- Claims settled within 7 working days

*Target users:* Renters and homeowners in New Zealand's earthquake\-prone regions

*Distribution:* Direct to consumer

### Commercial & Corporate Parametric Earthquake Insurance

Business cover up to NZD 50,000 for small and medium businesses, with bespoke parametric cover up to NZD 2,000,000 for larger corporates.

**Key features:**

- Same GeoNet PGV trigger mechanism as the residential product
- Unrestricted payout use, covering lost income, temporary premises, payroll, or other earthquake\-related costs
- Claims settled within 15 working days

*Target users:* Small, medium, and large businesses and corporates

*Distribution:* Exclusively through brokers

## Links

- Website: <https://www.bounceinsurance.co.nz/>
- Directory profile: <https://insurtechlist.com/companies/bounce-insurance/>
- Blog: <https://blog.bounceinsurance.co.nz/>
- Linkedin: <https://nz.linkedin.com/company/bounce-insurance>
- Broker portal: <https://app.bounceinsurance.co.nz/faq>

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*Last updated: 2026\-08\-08*