Quote Monster business sold
Inform Group last week sold its online life insurance business Life Direct to Trade Me, now it has sold its Quote Monster website to one of its providers,
Monday, August 26th 2013, 12:03PM 
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The site, which advisers use to get quotes for life insurance policies is being sold to Russell Hutchinson's Quality Product Research (QPR).
Inform director Tim von Dadelszen says that there is a conditional agreement in place and he expects the deal to be completed in the next couple of weeks. QPR is jointly owned by Hutchinson and the company's chief executive Alan Rafe.
“Quotemonster has been a huge success and it is ideal for its development that it will be owned by the business which provides the research available on the site,” von Dadelszen says.
Rafe says that the deal "illustrates our commitment to research and supporting advisers as we continue to grow our business in New Zealand. It means that the quote engine will be independent of any distribution businesses, and is consistent with our independent approach to product research.”
QPR has already hired additional staff to develop new services.
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