OUR HERITAGE
NBM had its inception in 2005 when Philippie de Beer, Hendrik de Swardt, Koos Smit and Sandy Guthrie joined hands to create a unique short term insurance policy aimed at the farming fraternity.
NBM has implemented a one channel service model for short term insurance brokers in South Africa. This enables the independent broker to engage with a larger group and to be more competitive in the marketplace whilst still retaining its own identity and FSP license.
Through the mandates and market related competitive price structures already negotiated by the NBM GROUP, the products and service providers are made available to the brokerages. Thus, enabling brokers to concentrate more on productive marketing NBM is responsible for the administrational functions, consulting services, liaison between the broker and the insurer and provide specialist advice and support.
Unique Short Term Insurance
NBM has implemented a one channel service model for short term insurance brokers in South Africa.
OUR SERVICES
- Personal Insurance
- Business Insurance
- Agri Insurance
- Body Corporate Insurance
- Guest House Insurance
- Contractors All Risk
- Guarantees
- Leisure Insurance
- Liability Insurance
- Plant All Risk
- Value Added Product Services
Why join the NBM Group
- One channel with the ability to manage brokerage, get quotes, monitor claims and easy commission control with all insures on one platform.
- Uniform documentation - Application forms, Annexures and Claim forms.
- Uniform and industry requirements and safety measures are met.
- Other brokers can’t get broker appointment against scheme business, the opposition must re-write the policy.
- Loss ratios are not so much in the spotlight, as they are part of a larger group, in which it is easier to keep loss ratios on track.
- Not subject to segmentation by Insurers.
- Not exposed to personalities at Insurers.
- Access to more facilities - can now sell products from suppliers with whom you would not otherwise do business, due to a lack of volume.
- The introduction of NBM at sources such as Farmers' Associations ect. opens doors for the broker.
- If a broker wants to retire, there is the ability to find another broker within the NBM group who may be interested in taking over the business.
- Easy quoting program is less labor intensive to do market analysis.
- Broker can work out his own competitiveness in terms of good accounts.
- Innovative tool for acquiring new business.
- Better earnings from the same amount of business.
- Better statistics available to better manage their own brokerage.
- Unique technological liaison makes administration much easier.
- The NBM concept offers the broker more innovative tools that its competitors do not have.
- Together with the broker quotation, the system also generates the necessary documents for FAIS compliance.
- Broker always retains their independence.
- Overall, the broker can provide a faster service than the traditional way of doing business.
- One channel with the ability to manage brokerage, get quotes, monitor claims and easy commission control with all insures on one platform.
- Uniform documentation - Application forms, Annexures and Claim forms.
- Uniform and industry requirements and safety measures are met.
- Other brokers can’t get broker appointment against scheme business, the opposition must re-write the policy.
- Loss ratios are not so much in the spotlight, as they are part of a larger group, in which it is easier to keep loss ratios on track.
- Not subject to segmentation by Insurers.
- Not exposed to personalities at Insurers.
- Access to more facilities - can now sell products from suppliers with whom you would not otherwise do business, due to a lack of volume.
- The introduction of NBM at sources such as Farmers' Associations ect. opens doors for the broker.
- If a broker wants to retire, there is the ability to find another broker within the NBM group who may be interested in taking over the business.
- Easy quoting program is less labor intensive to do market analysis.
- Broker can work out his own competitiveness in terms of good accounts.
- Innovative tool for acquiring new business.
- Better earnings from the same amount of business.
- Better statistics available to better manage their own brokerage.
- Unique technological liaison makes administration much easier.
- The NBM concept offers the broker more innovative tools that its competitors do not have.
- Together with the broker quotation, the system also generates the necessary documents for FAIS compliance.
- Broker always retains their independence.
- Overall, the broker can provide a faster service than the traditional way of doing business.
Philippie de Beer
(BCom (Insurance) Hon)
Is a farmer in the Potgietersrus District and has been working in the insurance industry since 1994. He was previously serving as Chairman of the Potgietersrus District Agricultural Union.
Hendrik de Swardt
Farmer from Roedtan, has been working in the insurance industry since 1996. As member of the management committee of the Potgietersrus District Agricultural Union, he has been intensively active in the farming community during the last 18 years.
Sandy Guthrie
Has been involved in the insurance since 1981. Starting with UNSBIC , later moving over to brokering at Swale Johnston and then onto being a Director of Glenvaal.
Sandy played an instrumental role in starting the Garrun Group in 1994. His focus was on driving the Garrun franchise by looking after the branches and building relationships with the Brokers to join the platform either as partners or associates . He moved into a new direction in 2017 consolidating various partners to pursue a new adventure.
Sandy’s career spans four decades, with specific expertise in the commercial short-term insurance space as well as forming strong relationships with underwriters.
Thinus Lubbe
Has a Honours degree in marketing from NWU Potchefstroom. He entered the insurance industry in 2006 starting his own brokerage and got involved with the NBM group that same year. He became a partner of the NBM group in 2014 where he has been since.
Lonnie Prinsloo
An accomplished farmer from Vryburg and has been active in the insurance industry from 2004. Having built a successful brokerage where his agricultural clients benefit directly from his vast knowledge of the Agri Industry, he further involved himself in underwriting management since 2016, allowing him to significantly enhance the value proposition presented to clients.