Fintech Innovator ListSure and Insurance Industry player Steadfast have joined forces to create new products designed specifically for the real estate industry.
Steadfast is the largest general insurance broker network and underwriting group in Australasia, incorporating 454 brokerages and 25 underwriting agencies, with a current market capitalisation of AU$3.7 billion.
ListSure is a real estate industry specialist with a unique offering, Pay On Success, that provides finance and insurance for the marketing expenses to prepare Australian residential properties for sale.
Together, the two companies will provide the real estate industry with a range of bespoke risk mitigation tools including tools like Pay on Success.
‘Pay On Success’ means peace of mind for property sellers as ListSure enables them to only pay their agreed marketing expenses when they successfully sell their property, and if they don’t sell, they do not pay these expenses.
Representatives from the companies say they are excited to serve the real estate industry with Managing Director and CEO of Steadfast, Robert Kelly saying the venture with ListSure is “perfectly aligned” with their commitment to providing market-leading products to meet insurance needs.
“We recognise that the real estate sector is underserved when it comes to risk management and the joint venture provides the opportunity to design and deliver products that meet the needs of this dynamic sector,” Mr Kelly said.
Co-Founder and Managing Director of ListSure Brad Melman is excited to see his company’s vision of creating market-leading products and services for real estate businesses to life.
“The real estate sector manages a wide variety of financial transactions but has access to a limited range of insurance products to mitigate risk,” Mr Melman said.
“The joint venture with Steadfast provides the perfect platform to accelerate the rollout of our unique offering – ‘Pay On Success’ – and bring to market some exciting new initiatives that we have been developing to better serve the real estate industry.”
For more information visit https://www.listsure.com.au/pay-on-success