All brokers are invited to join this exciting industry. We pride ourselves in our knowledge of this market and the efficiency of our administration process.
EquiStar is a partnership between a local Insurer, Renasa, and one of the biggest re-insurers in the world, in combination with the local expertise of Angela McClure – a recognised and respected bloodstock broker and Underwriter, and Neal Rogers, an IT expert who developed the EquiBroker System for EquiStar, and Underwriter.
We and our staff have collective experience of more than 15 years in insurance.
Brokers Commission
Brokers will be given 15% commission to start with, once their portfolio reaches a premium income of R1 000 000.00, commission will be increased to 20%.
Brokers will be assesed continually on key performance objectives such as:
-
Adherence of administrative requirements.
-
Claim ratios.
A broker who performs better, (thus making EquiStar as a whole perform better) will qualify for certain incentives. This may be in the form of increasing commission to 20% without reaching the R1 000 000.00 premium income requirement, or, specific rewards for good performance.
The process of becoming an approved EquiStar Broker:
-
Complete an Agency application form and send it to us, with relevant supporting documents, FSP documents etc.
-
We require all brokers to attend a course hosted by ourselves in the class of business of which they would like to market, ie. Equine, Livestock or Wildlife. Introductory courses are compulsory, as this is a very specific industry, with very different requirements etc. A lot of technical and practical information involved in the writing of this business will be covered.
We will assist you in quoting, and any other information that you require up until you have completed your course. Once the course has been completed, you will be able to quote etc. yourselves, but we will still be available, should you require further assistance.
