GROWTH R 000, YEARS BROKERS STAFF MEMBERS. R110m ANNUALISED LOSS RATIO % PREMIUM COMBINED INSURANCE EXPERIENCE OF STAFF FUTURE EXPANSION

Similar documents
AYO Delivers Excellent Interim Results, Setting a strong platform for Growth

C O M P A N Y P R O F I L E

Mutual & Federal rebranding to OLD MUTUAL INSURE

Structuring: Uses a portfolio of on and offshore insurance licenses and technical specialist skills to create tailored financial solutions.

Partner Application Thank you for your interest expressed in applying for an Agency code with us.

About the Sanlam Group

UNAUDITED RESULTS. for the six months ended 31 August Seeing the bigger picture gives you the advantage.

Platform Investment Treasury. In a world of infinite possibilities, how do you build the future you want?

UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2018 SALIENT FEATURES

Following the implementation of the Acquisition, GPI s total interest in Mac Brothers will be 65.00%.

SARS GETS TOUGH IF SARS GO FISHING, WILL YOUR CLIENT GET CAUGHT? Get the peace of mind we can offer you with tax risk insurance

Results for the year ended 28 February 2018

RSA CANADA INVESTOR & ANALYST BRIEFING 12 JUNE 2013

Salary Survey. The Association of South African Quantity Surveyors (ASAQS) March 2017 (Published in October 2017) South African Construction Industry

Following the successful implementation of the Acquisition, Mac Brothers will be a wholly-owned subsidiary of GPI.

ENDOWMENT PRODUCT BROCHURE

DEPARTMENT OF LAND AFFAIRS

Intermediaries in the short-term insurance market are. Intermediaries are key business partners and critical to the sustainability of our business.

Challenges for Revenue Growth and Profitability in a Declining Interest Rate and Low Inflation Environment

CONSTRUCTION MONITOR Transformation Q4 2014

Creating South Africa s leading financial services institution

Overview of the state of CSI in South Africa

Interim Results 6 months ended 30 September 2008

KEY INFORMATION DOCUMENT

31 Aug 17 Change 31 Aug 16 R000 % R000

Rural and Small Farmer Finance - Africa and South Africa

A SIMPLE SOLUTION TO JOB CREATION

FREE EYRE FREE EYRE & AG GUARD AGRICULTURAL INSURANCE SOLUTIONS TAILORED. COMPETITIVE. PERSONAL.

alternative investments

Fourth ASISA Insurance Gap Study (performed by True South Actuaries & Consultants)

TAILORED SOLUTIONS FOR THE DISCERNING INDIVIDUAL

ASSURANCE & ADVISORY RENEWABLE ENERGY ACCOUNTING & TAX COMPANY PROFILE

CARD FRAUD BOOKLET Protect your card and information at all times PAGE: 1 // 42

Reviewed condensed consolidated financial results for the year ended 28 February Reviewed Condensed Consolidated Statement of Financial Position

Disclosure in terms of the Financial Advisory and Intermediary Services Act (FAIS)

THE OLD MUTUAL NUCLEUS INDEX LIFE FUND RANGE

A Low Growth Trap Amidst the Skills Challenge in South Africa. Professor Haroon Bhorat DPRU, UCT 29 September 2016

5 WAYS TO HELP GEN Y, GEN X, AND BOOMER WOMEN ACHIEVE THEIR FINANCIAL GOALS

Tactics to Grow in 2016

Investor Roadshow Presentation 2016 Financial Results

KLK LANDBOU LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/015589/06) ("KLK" or "the Company")

Disclosure notice in terms of the Financial Advisory & Intermediary Services Act, 2002 (Act No. 37 OF 2002) FAIS

REVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2017 HIGHLIGHTS AT 31 DECEMBER 2017, THE GROUP HAD:

CONSTRUCTION MONITOR Transformation Q4 2017

AUDITED SUMMARY CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

Contents. Overview. Interim financial statements SANLAM INTERIM RESULTS Group Financial Review 1. Key features 2.

Building a best-in-class global insurance and risk solutions provider

Background to and reasons for the Proposed Transaction

interim results for the six months ended 30 June 2011

The Building Blocks of the Farmers Insurance Group of Companies

Name of authorised official (in capital letters): Due date for this return:

investment case sustainable value creation Insurance Financial Planning Retirement Investments Wealth

12 month overview. Operational Overview. Financial Results. Conclusion

delegated investment services Helping trustees make the right investment decisions for fund members

Certificate of Insurance

Endorsement number 7

TRELLIDOR HOLDINGS LIMITED AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2016

Request for Proposals (RFP) For the Provision of Risk Management and Short Term Insurance Brokerage Services to the CSIR. RFP No.

Business Developments in Japan

Development Bank of Zambia ZMK 150 Billion Medium Term Note ( MTN ) Programme Brings Multiple Firsts to the Market

PRESS CONFERENCE / ANALYST MEETING: TODAY, WEDNESDAY 26 AUGUST 2015 START: LOCATION: Hotel Casa 400 (Eerste Ringdijk 4, AMSTERDAM)

ECONOMIC GROWTH PROVINCIAL INTRODUCTION QUARTERLY DATA SERIES

GLACIER FIDUCIARY SERVICES

Statutory DISCLOSURES - Introductory Letter and Section 13 certification

economic growth QUARTERLY DATA SERIES

RECM GLOBAL FLEXIBLE FUND (Class E) Minimum Disclosure Document - Period ended 30 June 2018

OPN PRESERVATION FUNDS APPLICATION FORM

DISCLOSURE NOTICE IN TERMS OF THE FINANCIAL ADVISORY & INTERMEDIARY SERVICES ACT, 2002 (ACT NO. 37 OF 2002) FAIS

Perspective Talanx our strategy

Expanded Public Works Programme

PSG Equity Fund Quarterly Portfolio Commentary as at 30 September 2018 by Shaun le Roux and Greg Hopkins

Momentum Wealth pricing review

Solid Foundations For Your Financial Security

Presentation to the Select Committee on Appropriations COMMUNITY LIBRARY SERVICES GRANT. 25 May 2011

Summarised consolidated financial statements. for the year ended 30 September 2018

Barry J. Gottlieb, CFP, CDFA. Financial Advisor

A comprehensive view of the state of the residential rental market in South Africa Q JAN - MAR

Risk profile of IDC s book

COMPREHENSIVE INBOUND TRAVEL INSURANCE

Biannual Economic and Capacity Survey. July December2017

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy

12 MAURITIUS UNION GROUP ANNUAL REPORT 2016 MAURITIUS UNION GROUP ANNUAL REPORT 2016

KEY INFORMATION DOCUMENT

Summary consolidated financial statements

FOLLOWING GLOBAL TRENDS, OR LEADING AN INDUSTRY LOCALLY?

Condensed consolidated financial report

AGRICULTURE. INSURANCE FOR FARMERS good and proper

Learn to thrive in the world of Financial Planning & Insurance

LISTING OF GAIA ON THE MAIN BOARD OF THE JSE LIMITED ( JSE ) AND ABRIDGED PRE-LISTING STATEMENT

MUNENE RISK SERVICES. Company

Financing Equipment for Farmers and Agricultural SMEs

Interim Results 2018 Investor Presentation

COMPANY PROFILE TRIDENT ADVANTAGE (PTY) LTD. TRY NOT TO BECOME A MAN OF SUCCESS BUT RATHER TRY TO BECOME A MAN OF VALUE.

INVEST WITH NEDGROUP INVESTMENTS

SABOA 2013 NATIONAL CONFERENCE 28 FEBRUARY 2013 CSIR CONFERENCE CENTRE

The Zurich advantage. Claims services that get you back to business

Try & Discover for the Next Stage

Period overview Operational Overview Financial Results Conclusion

FSP Licence No.: Insurance Procedure Manual

COMPETITION TRIBUNAL REPUBLIC OF SOUTH AFRICA Case No: 65/LM/Nov01

Transcription:

HOME 25 <10 100 YEARS BROKERS STAFF MEMBERS R110m ANNUALISED PREMIUM OUR JOURNEY OUR PRODUCTS STRUCTURE INFORMATION TECHNOLOGY LEGAL CONTACT US GROWTH R 000,000 120 100 80 60 40 20 0 2012 60 58 56 54 52 50 48 46 44 2013 2014 2015 LOSS RATIO % > 235 YRS COMBINED INSURANCE EXPERIENCE OF STAFF 2012 2013 2014 2015 FUTURE EXPANSION

OUR JOURNEY Zenith for the Accomplished commenced business as a general Underwriting Manager on behalf of Hollard Insurance Company, with 8 staff members on Wednesday, 1 November 2006 having purchased a middle market Personal lines insurance book from the Louis Group. In the beginning of 2007 a high net worth personal lines product developed by senior management at Zenith was launched and an intensive process of cultivating new distribution was embarked upon. Initially we targeted distinguished independent brokers and managed to break into the corporate broker market during 2008 and 2009. Amongst others, Nedbank Insurance and Barnard Jacobs Mellet (later acquired by FNB) took up agencies. The Nedbank portfolio has grown significantly and today Zenith is the only Underwriting Manager on the panel of approved providers for Nedbank Bizzinsure, a policy specifically targeting all business account holders within the bank. Our initial focus was to establish the Zenith brand based on the excellence of the Zenith Wealth product and the private client service with which we supported it. Our success provided the platform from which we entered the Commercial Insurance market at the end of 2012. During the following year, we handpicked some of the finest commercial underwriting staff from the industry and by the end of 2014, Commercial Insurance premium already accounted for 20% of total premium turnover. Despite initial constraints to our Commercial facility, this portfolio continued to grow to 30% of our premium turnover in February 2015. At the present growth rate, Commercial Insurance premium will constitute 50% of turnover at the end of 2015. The total turnover of the business has grown in excess of 30% year on year since 2012 during which time we nevertheless maintained exceptional underwriting results. We currently service an annual portfolio of R 110 000 000 with a staff count of 24 and more than 100 intermediaries. At the backdrop of these achievements, Hollard acquired Etana at the beginning of 2014. This changed their and our business landscape, influenced strategy and culminated in an amicable decision for Zenith and Hollard to pursue separate future paths. During an extensive process of courting both local and international players of various sizes and importance over more than 18 months, Zenith chose as future partners, Western National Insurance Company and Infiniti Insurance. Western started out as a Namibian insurer which expanded into South-Africa in 2007. The majority shareholders are PSG Konsult Limited and Santam Limited. Western has high solvency margins and an A- credit rating from the Global Credit Rating Company. We partner with Western because of its strong credentials, but also because of the synergy intrinsic to the partnership. Zenith has been appointed as a preferred supplier of High Net Worth Personal lines insurance to the entire PSG network. We are also the exclusive regional underwriting conduit for Commercial Lines insurance in the following provinces: Northern Cape, Free State, North West Province and KwaZulu Natal. This makes for significant growth potential with Western in the short to medium future. Infiniti, our other partner, was established in 2005. They also have high solvency margins and an A- credit rating from the Global Credit Rating Company. We partnered with them particularly because of their high levels of technical expertise, flexibility, diversified facility and most of all, integrity. Once all current business is converted to our new partners on 1 August 2015, Zenith will expand into Namibia, Mozambique, Mauritius, Zambia and possibly the Seychelles.

OUR PRODUCTS Zenith for the Accomplished is a niche player focused on profitable underwriting results. It is at the core of our business to select both the segments in which we do business as well as each individual policyholder whom we underwrite. We offer the following products to our intermediaries and their clients: PERSONAL INSURANCE Zenith Wealth: This product is aimed at the financially accomplished segment with Contents sums insured exceeding R750 000 and Buildings exceeding R3 000 000. Additional benefits include a valuation and inventory on the contents of the primary dwelling and AA Plus membership for roadside and home assistance. This product offers all risks cover for Contents, and lifestyle based classes of use for Vehicles (Private use; Business use; Weekender use and Infrequent use and Swallow use for policyholders living abroad for 6 months per year). Covers can be tailored to the requirements of the individual with high cover limits, elective excess structures with premium benefits, competitive rating structures and private client service by dedicated underwriters. It is suitably packaged in a handmade leather portfolio. Indigo: The Indigo policy is an accommodation product for highly selected middle market individuals. Requirements include a loss ratio of less than 40% over the preceding 36 months, a minimum Contents sum insured of R350 000 or a Building sum insured in excess of R2 000 000. This product offers the same benefits as Zenith Wealth, but with lower cover limits. COMMERCIAL INSURANCE The Business policy: This product is aimed at small to large businesses excluding corporate business specifically. It offers a selection of risk based covers from which business clients can select to finance commercial risks. Bizzinsure policy: This product is owned by Nedbank Insurance and only available through their insurance advisors. It is also aimed at small to large businesses. It offers a selection of risk based covers from which business clients can select to finance commercial risks. The Agri policy: This product is aimed at businesses in the agricultural sector and caters for farms of all sizes. It offers a selection of risk based covers from which farming concerns can select to finance agricultural and business related risks. It includes agricultural specific covers e.g. covers for livestock, pedigreed animals and irrigation systems.

HOME OUR JOURNEY OUR PRODUCTS STRUCTURE INFORMATION TECHNOLOGY LEGAL CONTACT US OPERATIONAL STRUCTURE PERSONAL UNDERWRITING AND SALES COMMERCIAL SALES COMMERCIAL UNDERWRITING PERSONAL CLAIMS FINANCE, IT AND SUPPORT SERVICES COMMERCIAL CLAIMS

INFORMATION TECHNOLOGY ALL SYSTEMS AT ZENITH FOR THE ACCOMPLISHED ARE CLOUD BASED TO ENSURE BOTH COMPLIANCE TO THE REGULATORY FRAMEWORK AND TO FACILITATE FUTURE GROWTH. INSURANCE SYSTEM: ISSUE SOFTWARE (SEE WWW.ISSUESOFTWARE.CO.ZA)

COMPLIANCE AND LEGAL Company name: Zenith for the Accomplished (Pty) Ltd Registration number: 2006/032693/07 VAT number: 4080233739 Executive management: L.B Kirsten BA.LLB (US) W.J Coetzee B.IUR (UOFS) Dip. Insurance (IISA) Dip. Management (Henley Management College - London) FSP license number: 36469 Key Individuals: Lourens Kirsten Willem Coetzee Compliance Company: Moonstone Compliance Officer: Deon Harmse Auditors: Attorneys: IJS Chartered Accountants Durbanville Lowe & Peterson Attorneys Cape Town Zenith for the Accomplished (PTY) ltd is a Licensed Underwriting Manager for Western National Insurance Limited, Infiniti Insurance Limited and Hollard Insurance.

CONTACT US PHYSICAL ADDRESS: 191 Main Road, Paarl, 7646 POSTAL ADDRESS: PO Box 3505, Paarl, 7620 E-MAIL ADDRESS: info@zenithinsure.co.za TELEPHONE NUMBER: +27 (0)21 872 7065 WEBSITE ADDRESS: www.zenithinsure.co.za