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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.”

Quick Polls

QUESTION

The FSB is thinking of scrapping Level II Regulatory Exam (which would have tested product knowledge) in favour of an approach that forces insurers to train staff and monitor their actions. Do you agree with this approach?

ANSWER

Yes. The Level II Regulatory Exams were a massive headache for those who had to write them
No. At least with the exams you knew who were the top achievers. A lot of trust now needs to be given to insurers.
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