We believe that everyone should have easy access to financial resources during tough times.
Bounce is a purpose-driven insurance business designed to provide rapid financial support. Within days of your nearest GeoNet sensor notifying us of an earthquake with ground shaking of 20cm per second or more, we activate our claims process and seek to pay you cash upfront. Our mission is to give people, households, businesses, and communities the financial boost they need, when they need it.
The Bounce Ethos.
I started Bounce because I could see that the response of traditional insurance policies to large earthquake events was complex, stressful, and time consuming. It simply wasn’t supporting the immediate financial needs of New Zealand households, businesses, and communities.
When an earthquake strikes, Bounce provides our customers with an upfront cash payment so we all can focus on what matters most: rebuilding our lives, relationships, businesses and communities.
Paul Barton, Managing Director
Learning from past events to inform new solutions.
After the Kaikoura earthquake in 2016, and drawing from the Canterbury Earthquake Sequence in 2010 and 2011, I began exploring other insurance solutions that could better respond to the immediate financial needs of customers during an earthquake crisis.
EQ Cover and traditional indemnity insurance are very good for repairing and reinstating homes, but they fall short in meeting the urgent cash flow needs of households and businesses. My goal was to design a "cash-in-a-crisis" insurance solution that provides a more responsive cash payment after a major earthquake.
It was at this stage that “Bounce Insurance” was born. When a major earthquake occurs that triggers our policy, we provide our customers with an upfront cash payment within days of being notified of the quake by their nearest GeoNet sensor, helping to fast-track their recovery.
