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Ultimate Insurance Broker, which has provided brokerage services for ten years, is getting ready to roll out new services.
The company, which began operating in 2006, said that it will begin offering innovative products to support those in the insurance business.
“I am working with all insurance firms to bring in customers, currently our services were geared toward pre-existing customers,” Tesfaye Migbar, head of The Ultimate Insurance Broker, told Capital.
The Ultimate introduced a motor service ‘Metek’, which is a service to replace automobiles that need to be repaired due to accidents.
Clients who register for this service will get a temporary automobile from the brokerage company while the maintenance for their car is being done.
“We have enough cars to provide this service,” Tesfaye said.
He emphasized that ‘Metek’ is only provided for clients who have an existing insurance policy from the companies they work with and who bought their product before the accident.
“We are providing this service to help customers have a car to use when theirs is damaged unexpectedly,” Tesfaye added.
Initially the service is provided for medium scale automobiles for residential or business.
“We are studying the possibility of providing a similar product for duty vehicles,” he explained.
The Ultimate Insurance Broker also started a new service called ‘Lole’ (servant). When consumers purchase this product they will have someone to go through the process of dealing with insurance claims for them.
“We will provide all types of support for clients be compensated for claims from general or life insurance,” he added.
“It might be difficult for some people to handle their claim process,” Tesfaye said.
“We have over 40 professionals to handle these services for them,” he added.
This is the first time the service has been offered although it is common in other countries.
The Ultimate has over 400 clients in the insurance industry.