|Owned By: FirstRand STI International B.V (part of the FirstRand Limited Group of Companies)||Underwritten By: Youi Pty Ltd|
Youi can trace its origins back a decade ago, when OUTsurance Pty Ltd emerged from a group of entrepreneurs looking to create an insurance company with a difference. FirstRand Limited is a public company with market capitalisation of $10bn and has operating entities in Australia, Africa, U.S.A., U.K., South America andNew Zealand. The FirstRand Group has more than $120 billion of assets currently under management and employs in excess of 42 000 passionate people all over the world. At the heart of FirstRand’s phenomenal success is its entrepreneurial culture.
Youi Pty Ltd is a truly online car insurer in Australia commencing business in March 2008. At Youi Car Insurance they don’t assume. They ask you. Most car insurance companies don’t ask many questions when you get a quote from them. So your car insurance premium is calculated on certain assumptions they make about you and how you use your car. These assumptions are based on how other people use their cars.