Insure Group Managers was founded in 1991. As an independent Intermediary, they provide premium handling services (debit order collections and premium disbursements), the financing of annual premiums and broker acquisition financing to the short term insurance market.
They are a wholly owned operating subsidiary of a public company, governed by a board of directors, represented nationally with their head office based in Johannesburg supported by regional offices in the Western Cape and Kwazulu Natal regions.
Insure Group approached BBD to assist with the design and development of a premium collection and disbursement system that would be used both internally by their service consultants and be made available to brokers online. Brokers would be able to manage premiums collections and disbursements to insurers via a web interface and/or integrate their policy administration systems via web services.
The new system named Xcelerate was completed in September 2014, and was delivered into production in December 2014, effectively replacing the legacy collection system named Epic.