How are the smaller underwriters doing amidst the heavy economic pressure? We have an amazing mix of UMAs and we will continue to expand our portfolio. We do conventional insurance through UMAs – so yes, it’s still a key part of our business model. This mind set, they incorporate into everything they do.Ĭentriq recently partnered with Tradesure and Affinity… Is the UMA model still central to your business model? They are also hosting their 3rd Tour de Conference this year – a cycling event they launched to give back to the community – because at the heart of it all, Centriq cares about their business partners, customers, employees and the people of South Africa. And in 2015, the Global Credit Rating Company gave Centriq an –AA investment grade rating for their claims payment ability. So tough that a report from the Ombudsman for Short-term Insurance rated Centriq one of 2014’s top 10 insurers in South Africa.įor two consecutive years, they received a Silver Achiever Award in Deloitte’s Best Company to Work for Survey. The market is tough yes, but Centriq is tougher. Cover spoke to Gareth Beaver, CEO, Centriq Insurance about the past decade and their growth from zero to now.Ĭentriq Insurance is turning 10 this year… And a successful 10 years that is, because they are reaping the fruits of their labour, persistence, resilience, dedication and commitment to sustainable insurance solutions.
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