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Momentum Short-Term Insurance 2013 Roadshow

At Monday’s (14 October) Momentum Short-Term Insurance 2013 Roadshow in Pretoria, CEO Brand Pretorius announced that this company intends to be the market leader. “Change is a business imperative – you either eat dust or make dust,” he said, as he introduced the new product offerings that he believes will distinguish Momentum STI in the short-term insurance sector.

Momentum STI is launching a number of significant changes and enhancements to its Commercial product, and convenient mobile smartphone applications for brokers and clients to brokers via roadshows in nine cities around the country over the next three weeks. 

The Momentum STI mobile applications give brokers and clients a highly convenient method of managing their short-term insurance affairs, and can easily be downloaded for Apple via the App Store or Android on Google Play.

My Quick Vehicle Quotes broker application allows brokers to get quick quotes for clients while on the move. Brokers can scan in client’s driver’s licences and vehicle licence discs to ensure accurate data is obtained with minimal effort. There is also an option to enter client details manually.

The client application is equally exciting. The application will allow clients to easily register vehicle claims, in particular, enabling them to utilise the scanning functionality to accurately capture other party details. The application will guide the client through the necessary steps to gather all the relevant information, such as witness details and photos. The application also contains numerous features aimed at enhancing the personal safety of clients.

Pretorius says in addition to the mobile applications, changes and enhancements to Momentum Short-term Insurance’s Commercial product will promote ease of doing business and flexibility. “Our Commercial product is now closely aligned with the widely used Multimark III product structure and its extreme flexibility allows for tailor-made cover.”

Cover such as theft, machinery breakdown and accidental damage can be applied to any assets covered under the fire section. “To ensure that pricing is more competitive, a number of new optional covers, such as theft cover even when there are no signs of forcible and violent entry and reinstatement of data on all risk items, have been introduced,” says Pretorius.

Brand Pretorius outlined why there is confidence in Momentum STI’s future:

  • We have built a solid foundation: profitability maintained;
  • Low stable loss ratio: ability to rate and price risk accurately;
  • Commercial focus: excellent commercial lines growth – exceeding industry results, commercial quote-to-sale conversion ratio best ever;
  • Delivering on promises: world-class service; 8/10 comments on Hellopeter about Momentum STI are positive, complimentary;
  • Claims payment reputation: Ombudsman 2012 report published complaints figures for every company in insurance industry, and Momentum is proud of the low number of complaints relative to competitors.

Click here to see photos taken at this event:


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