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Fulcrum AirCollect™, the latest premium collections platform to be offered by Fulcrum Collections, is featured in the November 2020 edition of FAnews magazine.

“Fulcrum AirCollect™, a world first in the premium collections space, is a significant step forward in the evolution of the company’s collections offerings,” the article’s introduction states.

The innovation that Fulcrum AirCollect™ represents – the simplification and de-risking of the collections process, with the splitting of premiums, commissions and fees to insurers, brokers and possible value-added product providers, using a single debit transaction – is comprehensively explained in the article.

Fulcrum Collections managing director Barry Scott is quoted as saying that the new system’s pilot phase has proceeded smoothly.

“We’re very pleased with how the first part of the pilot phase has gone. It has proved beyond doubt that Fulcrum AirCollect™, which pushes the boundaries of what is possible in the collections space, represents the future of premium collections both in South Africa and further afield.

“By taking unnecessary complexity, time, cost and risk out of premium collections, Fulcrum AirCollect™ supports both insurers and intermediaries alike to be more sustainable and efficient – allowing them to focus on what they do best: providing policyholders with great insurance cover and service,” says Scott.

“We’re proud to have developed this world-class platform for our clients, confirming our position as an innovator and leader in premium collections, and we’re very excited about the positive impact it will have on their businesses.

To read the full FAnews article, please click here (it appears on page 24).