Kogan ventures into insurance

Kogan websiteOnline retailer, Kogan, has closed a three-year agreement with The Hollard Insurance Company, allowing the e-tailer to market a range of insurance options.

Kogan Insurance will initially have home, contents, landlord, car and travel insurance, underwritten by Hollard, while Kogan will earn commissions on sales of all insurance policies.

David Shafer, executive director of Kogan, said the alliance with Hollard was another way for Kogan.com to leverage its growing customer-base.

“The Kogan community continues to grow, with one in every six Australians subscribing to our offers,” said David Shafer, executive director of Kogan. “We will continue to look for opportunities to deliver more value to our customers in our existing portfolio of businesses, and in new businesses.”

Earlier this week, the online electronics retailer released an upbeat trading update and better-than-expected cash flow numbers.

The company’s update on Tuesday said fourth quarter business had exceeded management budgets, with continued strong trading momentum producing net operating June quarter cash flows of $9.9 million.

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