Image
Icon

Directory

IconAccounting & Tax
IconActuaries
IconAdministrators
IconAppraisers & Valuers
IconArbitration Services
IconASIB
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFAIS
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLegal
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOmbud
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
IconZZZZZZ
Image
  Subscribe To »

Western National Insurance provides Covid-19 relief to clients

Published

2020

Fri

17

Apr

 

These are extraordinary times that require us all to work together. We are in unchartered territory and face a great deal of uncertainty as to the way forward, and no doubt we’ll continue to encounter many challenges. “At Western National Insurance, we believe that the challenges ahead can be overcome if insurers, brokers and clients work together,” says Jurgen Hellweg, CEO of Western National Insurance.

Western National Insurance is a niche commercial insurer specialising in providing total solutions for the small to medium size commercial and business market in South Africa, Namibia, and Botswana.

Our motto of “Rethink Insurance” has never been more relevant

“We do not believe that ‘one size fits all’ applies to the current challenges being experienced. Our action plan to provide some relief to clients will mostly centre around engaging with our brokers on a case by case basis, where individual solutions will be considered for those key clients who have been significantly impacted by Covid -19.  This will ensure a flexible and fluid approach to finding the best available solution for all of our clients,” Hellweg says.

 

Western has launched two specific interim initiatives to assist clients during these trying times.

 

Motor premium discount

Western will apply a 25% discount on all monthly motor premiums payable in May 2020. Cover will remain unaltered, and premiums will revert as normal from June 2020, subject to any individual actions applied on a case by case basis. “This discount is based on our calculated reduction in risk and exposure due to fewer vehicles being on the road during the lockdown period. We want to pass on this saving to our policyholders,” Hellweg adds.

Policy renewal relief

Western has also introduced a flat renewal on all qualifying policies that are up for renewal during the months May to July, with some qualifying criteria applicable to this initiative.

Western is not postponing the renewal increase for this period, but rather renewing on unaltered terms with the next renewal scheduled for the 2021 policy anniversary. It is very important for clients to still engage with their brokers during this renewal period, as any changes to their risk profiles must be addressed and noted on policies.

“Client engagement with brokers has never been more important and while Western will continue to act in the best interest of our clients, as an intermediated business, we rely strongly on our brokers’ input for the best results,” Hellweg concludes.

 
Source: Catherine Riley - cdcom
 
« Back to previous page Print this page » |
 

Breaking News »

The Implications Of Overloaded Vehicles On Your Insurance Policy

Overloading – it’s a common occurrence on our roads. If we don’t drive past an overloaded bus, taxi or truck, then we read about another horrific accident caused by one. Hundreds of passengers ...
Read More »

  

Supporting Brokers In Optimising The Claims Experience Of Their Clients.

TANSA is a team of dedicated professional Attorneys, Forensic accountants, Disaster Claims Experts and Insurance Specialists focused on Insurance Claims & Dispute Resolution. Their mission is to support ...
Read More »

  

Redefining the role of the broker in a digital age

Technology, data, cultural and behavioural change of the consumer is transforming the role of the broker – and the importance of advice – in South Africa’s intermediary insurance market. Soul ...
Read More »

  

Premium collections now available through Brolink

Brolink has entered the premium collection market. Says the company’s CEO, Howard John, “After a very successful pilot programme, and working through a number of legislative issues that ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Retirement »

Image
Image
Image
Image
Image
Image
Image
Image
Image
Image
Image
Image

From The Glossary »

Icon

Impaired Lives:

A person who seeks life insurance whose health is less than standard or whose occupation is hazardous. See sub-standard lives.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2021. All Rights Reserved.