As part of Trustco’s expansion strategy TFS has acquired 100% of the Lleader Underwriting Management business and brand. TFS has embarked on an acquisition strategy to ensure that it can offer you, our intermediary, a complete solution in terms of products and services. Lleader Underwriting Management is a licensed Financial Services Provider based in Centurion, Gauteng, administering short term insurance policies on behalf of the leading insurers in South Africa. Lleaders’ core focus is to supply simple, easy to use insurance solutions, which include motor dealers and insurance intermediaries. Lleaders’ business is well matched with the TFS business model. In addition to the volume benefits, the products and services compliments TFS business, widening the TFS offering to now include insurer options and services not previously available. TFS now offers all main classes of commercial insurance, including marine, aviation, HCV and agri. On the domestic front the current offering of Zürich, Renasa, New National and Lion of Africa is extended to include Regent, Santam, M&F, A&G to mention some of the bigger carriers. Others include : Abacus, Abelrad, AC&E, Admiral, AMUA, C&G, Chartis, Clarendon, Consort, Constantia, Dashwood, Etana, Factory & Ind, Centriq, Guardrisk, Hollard, Momentum, Merx HCV, Natsure, Senate, TTU, Unity and Wheels.
Here is a list of our comprehensive product offering:
• Business Insurance
• Domestic Insurance
• Stand Alone Motor, Taxi, Truck and Bus Insurance
• Commercial Insurance
• Passenger Liability
• Marine Insurance
• Mechanical Motor Warranty
• Service & Maintenance Plans
• Small Dent Repair Cover
• Truck & Trailer Mechanical Warranties
• Aviation
In addition to the above, key skills in commercial underwriting and product knowledge are attained with this acquisition. The TFS “i-Call” contact center will be expanded with the merging of Lleaders’ contact center facilities and services. This will offer inbound and outbound sales processing capability, enabling the issuing of quotes, assistance with closing and underwriting of policies. This will be integrated with the rollout of our revamped “i-Classic” (over 50 product), “Guest-inn-Sure” (guesthouse/lodge/B&B product), “Prestige” (Executive motor product) and “Cherished” (Classic motor product). The integration process with the Lleader business and products into TFS, will kick-off as soon as possible to ensure that the full benefit of combined service offerings are made available to you, our business partners as soon as possible. We are excited about this acquisition and the benefits it holds for our business partners. Should you require any additional information regarding the acquisition and the benefits it can offer you, please do not hesitate to contact your Service Consultant.
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