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Why Place your Business with Uma Underwriting Consultants
In the short-term insurance space, brokers may consider placing their business with UMA Underwriting Consultants for the following reasons: Simplified management: UMA Underwriting Consultants consolidate multiple policies and premiums into one account, making it easier to manage client relationships. Competitive pricing: UMA Underwriting Consultants can negotiate better rates with insurers due to the combined premium…
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The principle of average and the application of fairness in claims handling
The insurer’s duty of disclosure (the policyholder’s right to information) is regulated under the Policyholder Protection Rules (PPRs) and the General Code of Conduct (GCC) of the FAIS Act 37 of 2002. The PPRs and the GCC require direct insurers and intermediaries to inform the insured, before the inception of the policy, of precise details…
