Launched in Australia in 2007 and expanding into the New Zealand market the following year, LMI BICalculator is now stepping out into the international market.
The release of LMI BICalculator to the UK market in early 2011, via a joint venture with Claims Advantage, resulted in a great deal of interest from a market that is notoriously difficult to sway. Papua New Guinea was added to asist brokers in that country explain the importance and benefits of business interruption insurance and to assist in getting the correct sums insured.
Following on from this exciting releases, LMI Group has just provided the insurance industry in the Republic of South Africa with a preview of this simple, but highly effective, eService.
The South African arm of LMI Group, LMI Online Broker Tools (Pty) Ltd, will provide training and LMI eServices to the local insurance community to assist business owners in having the right cover in place, with an adequate sum insured, ensuring that the business survives a crisis caused by an insurable event.
No doubt the question is: Where to next for LMI BICalculator?