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Amalgamated Traded Policy Services (Pty) Ltd

 Amalgamated Traded Policy Services (Pty) Ltd (ATPS) as a market maker has an infrastructure consisting of:   decades of combined experience in an extremely specialised and niche, yet ill-informed market specially developed software administration and management systems intellectual ...
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Automated Policy Evaluator (APE)

 What is APE?   APE is an acronym for Automated Policy Evaluator. It is a FREE software application that has been developed by ECO Technology (Pty) Ltd, to automatically evaluate policies issued by the insurance companies under the Long Term Insurance Act for the benefit of Brokers and Clients, ...
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From The Glossary »

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Claims Incurred:

These are the claims costs for an accounting period made up of: _ claims paid for the period, including claims handling expenses, _ less outstanding claims at the end of the preceding accounting period including IBNR, _ plus outstanding claims at the end of the current accounting period including IBNR.
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