Risk Insure boasts an impressive market share in the Australian Insurance market. The agency continues to grow thanks to the customized solutions it offers to corporate clients. It has risen to the top by designing innovative solutions that address specific issues in the telecommunications sector.
It comes as no surprise that Brightstar Corp. decided to acquire Risk Insure. The acquisition allows Brightstar to strengthen its presence in the wireless industry. The entity specializes in end-to-end device lifecycle management. The move undoubtedly changes the dynamics of device protection in the Oceania region.
Brightstar Corp. taps into the strong market share created by Risk Insure to enhance its regional and global activities. The firm needs to bolster its portfolio and growth potential.
Its VP of Device Protection Sales, Clayton Bodnarek, highlighted the benefits of the deal for the device protection market. He looks forward to a growth-oriented future in the market.
Innovative solutions
Bringing Risk Insure onboard creates real value for customers in New Zealand, Australia, and other parts of the world. The benefits counteract the effects of the increasing costs of device ownership.
Brightstar’s Managing Director for Oceania, Tyler McGee, supported the acquisition because it comes at a time that the prices of smartphones are rising. For this reason, he expects Brightstar to leverage the growing insurance market for mobile phones.
According to McGee, Risk Insure makes it easier to provide a comprehensive service to both operators and retailers. He sees Brightstar Corp. offering well-formulated insurance packages that provide protection and peace of mind to customers in Australia and New Zealand.
Global reach and scale
The management at Risk Insure is happy to combine Brightstar’s corporate clout with the agency’s dynamism. Grant Goldner, Co-Founder of Risk Insure, believes that his team’s hard work and achievements in the Australian market attracted the attention of Brightstar Corp. He foresees the alliance taking the device protection market to the next level. The Australian and New Zealand mobile phone insurance will derive real value from the deal.
Brightstar’s corporate profile
Brightstar boasts experience in the art of simplifying the wireless world. It continues to work towards making mobile technology more accessible to users. The firm is a subsidiary of SoftBank Group Corporation and it has a presence in more than 50 countries. Brightstar’s involvement spans the entire lifecycle of a mobile device.
Consumers demand the best products and associated services. Brightstar Corp. has demonstrated a commitment to satisfy consumers’ evolving needs. Its dedicated teams deliver innovative solutions that disrupt the market. The company creates value by building a solid foundation, which focuses on driving customer engagement. . It is no wonder that it manages up to 15 million devices from an estimated global tally of 80 million high-end mobile devices.
The firm employs innovative ways to grade and return devices to the market. Consumers can trade-in their pre-owned smartphones to earn a significant discount on a new device. This approach benefits customers by reducing the overall cost of mobile phones. Brightstar erases user data and remarkets the phones on global markets.
Brightstar formulated the remarketing and device protection strategies by gleaning insights from statistics drawn from the enterprise market. Research studies revealed that many mobile phone users between the ages of 18 and 34 rely on sub-standard technology for communication.
Risk Insure corporate profile
Founded in 2000, Risk Insure has undoubtedly made an indelible mark on the Australian insurance market. Its phenomenal growth translated to a spot as one of the prominent privately-owned insurance agents in the country.
The agency leverages its considerable buying power and flexibility to boost market share. It specializes in satisfying the needs of businesses in the telecommunications sector.
Risk Insure boasts notable clients in Australia’s corporate world, including the country’s top 500 companies. The agency is a proud member of the Steadfast Group, which is a broker network in Australasia. This affiliation comes with many benefits, such as gaining access to exclusive tools and resources
It has a professional indemnity policy in addition to the membership of the Financial Ombudsman Service. These two aspects provide coverage for the agency’s representatives in respect of specific risks.
The Steadfast Group boasts more than 300 brokerages and an extensive network of offices. It generates billions of dollars in sales annually. As a member of the group, Risk Insure, takes advantage of the flexibility and considerable buying power. Steadfast negotiates deals with major insurers on behalf of its network of brokerages.
With all these positive aspects, Brightstar made a good call to bring Risk Insure onboard. Device protection services will become more attractive and beneficial to users in Australia, New Zealand, and other markets.
For more information visit: https://www.brightstar.com/newsroom/press-releases/brightstar-acquires-australia-based-insurance-underwriting-agency-risk-insure-strengthening-its-growing-presence-across-the-wireless-industry/
