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
R5.26
Band 2
18 001 – 24 000
R4.68
Band 3
24 001 – 32 000
R4.09
Band 4
32 001 – 48 000
R3.51
Band 5
48 001 – 96 000
R2.92
Band 6
96 001 – 200 000
R2.34
Band B
0 – 1 000 000
R0.24
Software Providers - 20Hrs p/a
R29 021.00
Insurers - 60 Hrs p/a
R87 057.00
Prices Exclude VAT
