Partner With Us: Be A Binder-Holder

Comment: We are a grain trading company and derivatives broker with an existing client base of approximately 1,000 clients across the grain-producing regions of South Africa. As part of a new insurance division we are developing, we are exploring a binder holder arrangement for short-term asset insurance covering farm equipment (bakkies, tractors, harvesters, and trucks). We noted on your website that LBIC is open to binder holder partnerships, and we would like to explore this further. Could you please provide information on the following: 1. The process and requirements for BVG to become a registered binder holder under LBIC for Asset Insurance cover. 2. Whether LBIC's Asset Insurance product can be tailored or white-labelled for distribution through our own client-facing brand and channels (app, portal, and call centre), with LBIC underwriting in the background. 3. Confirmation of whether, under a binder holder arrangement, LBIC would have any direct contact with our end clients (marketing, renewals, claims), or whether this would remain entirely with us as the binder holder. 4. Indicative requirements around minimum volume, onboarding timelines, and any documentation needed to begin a formal discussion. 5. Given that LBIC also offers Credit Life Insurance, we would welcome an introductory conversation covering both the Asset Insurance and Credit Life Insurance product lines, as both may be relevant to our future plans. We would appreciate the opportunity to set up an introductory call with the relevant team to discuss this further. Regards