QBE Teams Up With Repair Ventures in the USA

The latest product news from QBE for you;

QBE Automotive Protection, in partnership with Repair Ventures, has launched a new product for Original Equipment Manufacturers (OEMs) in USA called Vehicle Replacement Insurance (VRI), to provide consumers with enhanced vehicle protection in the event of a total loss.

VRI offers drivers a brand-new equivalent vehicle following a total loss – regardless of the age or market value of the original car. The product is available following the purchase of a brand-new vehicle.

When a vehicle is written off, standard auto insurance typically pays out the current market value of the car — not what the owner originally paid for it.

Repair Ventures, a leading provider of marketing technology and services for the extended vehicle protection industry, is the exclusive distributor of QBE’s new Vehicle Replacement Insurance (VRI).

Shaqeel Hussain, Global Head of QBE Automotive Protection, said: “Vehicle Replacement Insurance reflects our shared commitment to innovating protection products that truly serve drivers’ needs. Partnering with Repair Ventures allows us to deliver white-label eCommerce tools, AI-powered marketing automation, and US-based customer service for seamless branded experiences.”

Key features of Vehicle Replacement Insurance include:

· Covers the difference between auto insurance payouts and the cost of a new vehicle

· Protects against immediate and long-term depreciation

· Offsets rising vehicle prices

· Optional benefit that reimburses a customer’s auto insurance deductible up to $1,000 annually

· Flexible Terms each with Fixed Monthly Premiums

· Digital Purchase

Alejandro Cabrera, Chief Marketing Officer at Repair Ventures, emphasized the customer-first approach: “Too often, drivers receive an insurance cheque that falls short of the true cost of replacing their car. Vehicle Replacement Insurance changes that by providing a brand-new vehicle after a total loss. By combining smart technology with genuine human connection, we’re helping OEMs not just protect their customers, but earn their long-term loyalty.”

VRI is the result of a close partnership between QBE and Repair Ventures, combining QBE’s global underwriting strength with Repair Ventures’ proprietary digital platform and OEM expertise and follows QBE’s strategic minority investment in Repair Ventures last year.

Mike Wymard, President of Repair Ventures, said: “This investment marks a major milestone in our growth story. We’ve built a platform that delivers measurable results for OEMs – boosting protection plan conversions, increasing customer lifetime value, and helping brands stay competitive. With QBE’s support, we’re scaling faster and smarter.”