VAPSSA is an independently owned and managed marketing company which prides itself in providing Motor Vehicle Value Added Products and Services (“VAPS”) and solutions to a variety of product distribution channels. We however place specific focus on the Motor Dealership network.
Our product range span both regulated and service and maintenance products. VAPSSA is truly independent as it has no ties or preferential service arrangements with any financial institution or motor dealership group.
We pride ourselves in providing products that are not only competitive insofar being beneficial to the policy/plan holder at a fair price but also in providing selling dealerships with an opportunity to increase and maximise their second gross channel of revenue. This includes, over and above permitted fees and commissions, participation in the return of a Cell Captive arrangement through a uniquely designed share risk/reward investment arrangement.
All insurance products are underwritten by Guardrisk Insurance Company Limited.
Our services include over and above providing a full bouquet of VAPS products for selling at point-of-sale:
The VAPSSA product administration is performed by General Risk Administrators SA (Pty) Ltd (“GRSA”), a registered FSP and Underwriting Manager (UMA). GRSA is a well-established and trusted administration company in operation since 2008, with a superb track record in Cell Captive management and VAPS product administration.
GRSA, who has collectively over 100 years management and staff expertise and experience in this channel, is responsible for developing the product wordings, pricings and benefits and is also mandated to perform the claims and policy/plan administration. GRSA prides itself in its ethical and professional ethos, including acting within the ever demanding compliance and TCF universe.