InsuranceMaster

A Brief Overview About The Company

InsuranceMaster falls under the umbrella of Libralex (Pty) Ltd. a company with 34+ years of experience in providing B2B IT solutions to the Legal & Veterinary industries in Southern Africa.

CEO: Ms. Marianne van Wyk - Libralex is based in Pretoria (S.A) with clients/customers across SADC & Sub-Saharan regions (expansion growth into Europe, U.S. & UK)

Libralex carries an extensive tech development & product skills base, fully resourced in-market, focused on Web-based customer centric solutions that allow for cutting edge UI/UX for all stakeholders & growing

What we do

The InsuranceMaster Solution

What we do:

Turn key Solution

InsuranceMaster Offers a fully integrated End-To-End Turn Key Solution.

Seamless Integration

Quick and Easy Link between Insurance and FSP.

Efficiency – Immediate notification

Immediate notifications in InsuranceMaster ensures that all stakeholders are instantly informed of critical updates, such as policy changes or claim approvals, reducing response times and preventing potential delays.

Policy Management

InsuranceMaster allows for seamless coordination between insurers and financial institutions. This integration ensures that policy data is instantly shared and kept up-to-date in InsuranceMaster.

The Value Proposition

Did You Know

There are over 11 mill registered vehicles in South Africa. Statistically ± 60-70% are uninsured. This means to stay on the road, insurance is not a luxury, but a necessity.

SA’s Road Traffic Management Corporation (RTMC) says as many as 800,000 accidents occur on SA’s roads annually, meaning the odds are not in favour of those who remain uninsured.

The Automobile Association (AA) says it remains concerned that less than 35% of vehicles in the country are insured.

Commercially speaking there is an addressable market of approx 6,6 – 7,7 mill uninsured vehicles in South Africa.

The Motor Vehicle Insurance market in South Africa is expected to reach a market size (gross written premium) of ±R60 bill (2024).

(Average spending/capita in the Motor Vehicle Insurance market is projected to be ±R1,205).

Car insurance market was estimated at R71.6 bill in 2022, with an approx. CAGR of 10.52% projected reaching R124 bill (2029).

Contact

For More Information Please Feel Free To Contact Us

Our Address

Silver Lakes Pretoria

Email Us

info@insurancemaster.co.za

Call Us

+27 79 020 3454