- dorsaVi (DVL) extends a deal with insurance provider QBE Australia for another three years
- The companies signed the original agreement in 2020 which saw dorsaVi provide QBE customers with wearable devices to help reduce injury claims and improve safety
- dorsaVi CEO Dr Andrew Ronchi say the company is delighted to extend the agreement and continue to provide customers with its wearable devices and data-driven insights
- Company shares end the day 20 per cent in the green to close at 1.2 cents
dorsaVi (DVL) has extended a deal with insurance provider QBE Australia for a further three years.
The extension follows the success of an original agreement signed in July 2020 under which dorsaVi provided QBE customers with wearable devices to help reduce injury claims and improve safety in the workplace.
QBE pre-allocated $250,000 over 12 months to provide its customers with dorsaVi’s technology and in 16 months it delivered around $180,000 in revenue to dorsaVi.
The agreement ensures employees benefit from a safer work environment and dorsaVi benefits by providing its services to a “top-tier” Australian insurer that validates its product and grows its channel strategy.
dorsaVi CEO Dr Andrew Ronchi said the company is delighted to extend the agreement with QBE and continue to provide customers with access to its “market-leading” sensor technologies.
“The agreement has been a significant success for all stakeholders as we have helped improve the health and safety outcomes for customers,” he said.
“We are proud of the successful agreement we have generated and are excited to continue working with a leading Australian insurer that is at the forefront of customer well-being.”
As a result of the savings to customers, dorsaVi has been able to sign more high-quality customers and continue its channel strategy to generate recurring revenue.
Company shares have ended the day 20 per cent in the green to close at 1.2 cents.