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Chubb Ignite online platform for SME, middle-market companies in South Africa unveiled

17 July 2017Chubb

Chubb today unveiled Chubb Ignite, its online platform for brokers’ small and medium sized commercial clients in South Africa, as it continues to invest in digital innovation to provide quick and efficient service to the broking community.

Chubb Ignite is quick and easy to use and allows brokers to quote specialist insurance online and be bound by Chubb within minutes, with instant documentation available online or via email. The tool is backed up by a team of experienced local underwriters who are available to answer queries and provide support.

Other key benefits include:

• A truly client centric approach to trading with client information in one place, across products.
• Ability to make changes and edit policy details online without the need to contact an underwriter.
• Online renewal management.
• Electronic policy documents and debit notes issued immediately.

The product suite available on the platform will be expanded over time and the first product made available is Chubb’s Elite V Directors & Officers Insurance. Brokers will benefit from access to Chubb’s full Elite V policy wording, which is one of the widest in the market and comprises coverage features such as; preservation of the side A limit, securities claims and pre-investigation cover. In addition, extensions are offered for cyber privacy and confidentiality, environmental violation and mitigation of loss.

Gary Jack, Country President for Chubb Insurance South Africa said:

“Small and medium-sized enterprises make up approximately 91% of the formal business sector in South Africa, with economic output accounting for about 34% of GDP. Chubb Ignite reflects our commitment to invest in digital innovation, allowing brokers to provide the same comprehensive cover and high quality service enjoyed by larger companies to small and medium sized commercial clients.”

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QUESTION

Liberty recently shared the news that its IT systems were targeted by hackers who had taken the company’s data and demanded payment:

ANSWER

Will affect its reputation, future profits and goodwill of the business
Should be a wakeup call to many in the insurance industry of the potential risks that are out there
Is just another breach to be reported in South Africa
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