Bounce Insurance

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.