AURA (Automotive Underwriting Risk Acceptances) Now Autom8

Aura - Background

Motor Underwriting Agency – in business since 1996

Specialising in:

- Corporate Fleets

- Commercial Motor

- Bus Operators (Transease)

Underwritten by: - Guardrisk Insurance Company

- Lloyds of London (Transease passenger Liability)

Aura Cont…

Value of the book - +/- R100 000 000

Aura products

- Transease- Bus facility

- Fleets with aggregate or deposit structures on annual clients

- Specified vehicles, monthly or annual payment options available

Aura Territorial limits - Africa South of the Equator

Aura - limits

Own Damage limit any one vehicle R3 million

Third Party Liabilities R5 million

Non Fare Paying Passenger Liabilities R5 million

If higher limits are required we can arrange XOL cover up to R100 million (Lloyds)

Fare Paying Passenger Liabilities from ground up through London- up R100 million and R200 million on referral to Lloyds

Aura - Extensions

Emergency Travel Costs

New for Old/Credit Shortfall

Search and Recovery Charges

Breakdown tow-in

Windscreen cover including headlamps

Optional car hire (group B) including commercial vehicle (R400 per day)

Aura- Minimum requirements

15 vehicles for FLEET Policy and 3 vehicles for a specified Policy

Existing Deductible structure with a minimum of 3 years claims history

List of vehicles indicating individual VALUES

RISKS EXCLUDED FROM THE FACILITY - Car Hire Companies - Courier Risks - Transport Contractors - High valued executive vehicles

Transease

Transease – Autom8 Bus Facility

Quoting Strategy

Transease can offer the following options:

Conventional comprehensive / Third Party Fire and Theft

Third Party only

Aggregate Deductibles

Deposit Premiums on Own Damage and Third Party - excluding Passenger Liability

Various combinations of optional extensions

Transease/Aura Markets

Assets Underwritten by - Guardrisk Insurance Company

Fare Paying Passengers Underwritten by - London Market

Transease -Target Markets

• Dept. of Transport tender operators

• Scheduled service operators

• Specialist Tour Operators

• Municipal / Parastatal Bus Fleets

• Tour Operators Fleets

• Accommodating SME Operators, subject to fleet profile

Basic Package includes

• Own Damage up to R3m ANY one Vehicle (Depot/ Car Park accumulation limit on Fire & Allied Perils – R2m any one event)

• Liabilities – Limit : R5m (up to R100m available)

•

Keys – Limit : R7 500 & Radios – Limit : R10 000

• Emergency Charges – Limit : R100 000

• Emergency Travel Costs – Limit : R50 000

• Search and Recovery Charges – Limit : R100 000

• Medical Expenses – R2 000 per passenger

Optional Extensions

• Passenger Liability up to R200 million

• Increase In Cost of Working - Limit : R40 000 per vehicle per Occurrence but limited to R1 000 per vehicle per day

• Criminal Defence Costs - Limit : R150 000 in the annual aggregate but limited to R3 500 per employee/driver per occurrence

• Accident Management Costs – Limit R50 000 per Occurrence

• Baggage - Limit : R50,000 any one Occurrence but limited to R2 000 any one occupant

Minimum requirements

3 USED Buses for a specified Policy and 10 Buses for a fleet Policy

List of Buses indicating individual VALUES

Existing Deductible structure with a minimum of 3 years claims history

Transease Proposal Form

RISKS EXCLUDED FROM THE FACILITY - TAXI Services - Bus Ambulances - Shuttle Services

Obligations placed on drivers

CURRENT Licensing requirements such as:

- PDP

- Endorsements of licenses

- Driver Training

- Vehicle Maintenance

New DRAFT National Land Transport Act

- National Public Transport Regulator will be involved in various aspects of public transport, from changing

PDP licenses to “an Operating licence” to having to

have a programme of maintaining and servicing all

vehicles

The Aura Team

Business Leader – Kees Goedhart

Product Owner – Ian Labram

Underwriting Team – Gladys van der Merwe, Ronel Esterhuizen & Angelique le Roux, Maureen Koster

Policy Administration team – Meryl Oliphant, Patience Maetse, Gugu Nkosi, Lia Beiling & Moshadi Tlhalogang,

Claims team – Eric Sigama, Laura Martins, Shayne Hollenberg, Roderick Smith, Charlien Ellis, Sipho Makhapela, Priscilla Snydert & Thea da Silva (auditor)

Thank You

Contact Details

Guardrisk Allied Products and Services (Pty) Ltd.Co.Reg No.: 2007/016202/07FSP No: 10411An Authorised Financial Services Provider

Physical Address PostalAddress90 Rivonia Road P O Box 783542Sandton Sandton2196 2146

Ian Labram

(011) 669 3161

labrami@guardrisk.co.za

Cre8 Helpline: 0860 002 500Cre8 Web: www.cre8sa.co.za

Cre8 Email: info@cre8sa.co.zaComplaints & Compliments:gripes&grins@cre8sa.co.za