Autom8. AURA (Automotive Underwriting Risk Acceptances)

Transcription

1 Autom8 AURA (Automotive Underwriting Risk Acceptances)

2 Autom8- Background Motor Underwriting Agency in business since 1996 Specializing in: -Corporate Fleets -Commercial Motor -Bus Operators (Transease) Underwritten by: Guardrisk Insurance Company Lloyds of London (Transease passenger Liability)

3 Autom8 Cont Value of the book - +/- R Aura products Transease- Bus facility Fleets with aggregate or deposit structures on annual clients Specified vehicles, monthly or annual payment options available

4 Autom8 Territorial limits - Africa South of the Equator

5 Autom8 - limits Own Damage limit any one vehicle R3 million Third Party Liabilities R5 million Non Fare Paying Passenger Liabilities R5 million If higher limits are required we can arrange XOL cover up to R100 million (Lloyds) Fare Paying Passenger Liabilities from ground up through London- up R100 million and R200 million on referral to Lloyds

6 Autom8- Minimum requirements 15 vehicles for FLEET Policy and 3 vehicles for a specified Policy Existing Deductible structure with a minimum of 3 years claims history List of vehicles indicating individual VALUES RISKS EXCLUDED FROM THE FACILITY - Car Hire Companies - Courier Risks - Transport Contractors - High valued executive vehicles

7 Transease Transease Autom8 Bus Facility

8 Quoting Strategy Transease can offer the following options: Conventional comprehensive / Third Party Fire and Theft Third Party only Aggregate Deductibles Deposit Premiums on Own Damage and Third Party - excluding Passenger Liability Various combinations of optional extensions

9 Transease/Autom8 Markets Assets Underwritten by - Guardrisk Insurance Company Fare Paying Passengers Underwritten by - London Market Transease -Target Markets Dept. of Transport tender operators Scheduled service operators Specialist Tour Operators Municipal / Parastatal Bus Fleets Tour Operators Fleets Accommodating SME Operators, subject to fleet profile

10 Basic Package includes Own Damage up to R3m ANY one Vehicle (Depot/ Car Park accumulation limit on Fire & Allied Perils R2m any one event) Liabilities Limit : R5m (up to R100m available) Keys Limit : R7 500 & Radios Limit : R Emergency Charges Limit : R Emergency Travel Costs Limit : R Search and Recovery Charges Limit : R Medical Expenses R2 000 per passenger

11 Optional Extensions Passenger Liability up to R200 million Increase In Cost of Working - Limit : R per vehicle per Occurrence but limited to R1 000 per vehicle per day Criminal Defense Costs - Limit : R in the annual aggregate but limited to R3 500 per employee/driver per occurrence Accident Management Costs Limit R per Occurrence Baggage - Limit : R50,000 any one Occurrence but limited to R2 000 any one occupant

12 Minimum requirements 3 USED Buses for a specified Policy and 10 Buses for a fleet Policy List of Buses indicating individual VALUES Existing Deductible structure with a minimum of 3 years claims history Transease Proposal Form RISKS EXCLUDED FROM THE FACILITY - TAXI Services

13 Obligations placed on drivers CURRENT Licensing requirements such as: - PDP - Endorsements of licenses - Driver Training - Vehicle Maintenance New DRAFT National Land Transport Act National Public Transport Regulator will be involved in various aspects of public transport, from changing PDP licenses to an Operating licence to having to have a programme of maintaining and servicing all vehicles

14 The Autom8 Team Business Leader Kees Goedhart Product Owner Ian Labram Underwriting Team Gladys van der Merwe, Ronel Esterhuizen & Angelique le Roux, Maureen Koster Policy Administration team Meryl Oliphant, Patience Maetse, Gugu Nkosi, Lia Beiling & Moshadi Tlhalogang, Claims team Eric Sigama, Laura Martins, Shayne Hollenberg, Charlien Ellis, Sipho Makhapela, Priscilla Snydert & Thea da Silva (auditor)

15 Contact information: or Tel:

16 THANK YOU.