The Fulcrum Group of companies is the foremost independent provider of financial services to the South African insurance industry
We offer innovative, effective premium collections and premium finance services to insurers, brokeragers and UMA's.
A more efficient evolution of Fulcrum CollectDirect™, Fulcrum AirCollect™ processes premiums as single debits, including net premiums due to insurers, commissions, fees and value-added product (VAP) components – but each debit is split before reaching any bank account, resulting in gross premium being disbursed directly to the bank account of the intended recipient.
This means that insurers won’t need to release commissions and VAP payments, which are instead done automatically; broker commissions are not collected into the insurer’s account, instead going straight to the broker; and a complex administrative balancing process is eliminated.
This allows for a greatly increased level of efficiency and ensures that all recipients of the elements of the premium get their cash immediately, in a fully de-risked environment.