The Astute Short-Term Exchange enables Short Term Insurers to access the data of customers whose assets they insure on third party systems through a single secure data exchange platform and standard thereby increasing data completeness to enable efficient risk management and IFRS17 compliance.
Improved quality and completeness of data through implemented data validation measures and rules.
Reduced costs, time and effort with a single integration point to access data from multiple sources.
Reduced errors when processing data as the switch returns non-conforming messages back to the sender.
Conformance to legislation as the Insurer can properly assess and manage their Financial Risk (IFRS17).
Reduced risk of poor customer outcomes as data is imported directly onto the Insurer platform.
A single data standard enables the conformance of data from multiple sources.
Secure Data Platform – ISO Certified, strict compliance processes, regular audits and cybersecurity.
Premium and claims data submission.
Band 1
0 – 18 000
R13.15
Band 2
18 001 – 24 000
R11.69
Band 3
24 001 – 32 000
R10.23
Band 4
32 001 – 48 000
R8.77
Band 5
48 001 – 96 000
R7.31
Band 6
96 001 – 200 000
R5.85
Band B
0 – 1 000 000
R0.59
Software Providers - 20Hrs p/a
R27 508.00
Insurers - 60 Hrs p/a
R82 518.00
Prices Exclude VAT
