Centriq Insurance and Affinity Group partnership - Changing the face of VAS products

13 May 2016 Centriq Insurance
Shaun Waso, managing director of the Affinity Group.

Shaun Waso, managing director of the Affinity Group.

Centriq Insurance and the Affinity Group today announced their underwriting management agency partnership, effective 1 April 2016.

The solid underwriting platform that Centriq provides will enable Affinity to fill an important gap in the market place by extending their current product offering in the Value Added Services (VAS) market space.

“The VAS market has been stagnant for too long and is in need of a shake up. We will be reinvigorating the VAS space as the solutions we will provide through Centriq will be innovative and not available to our competitors,” says Shaun Waso, managing director of the Affinity Group.

Waso explains that vehicle accident management and mechanical breakdowns are the highest utilised value added services by far, whilst towing services impact more on clients’ pockets than any other value added service combined. “More than 90% of the spend on value adds can be seen in the roadside assistance category,” he says.

As such, the Affinity Group takes great pride in the fact that they have saved their clients over R190 million in towing charges since the company’s inception in 2003.

Gareth Beaver, chief executive officer of Centriq Insurance, says the Affinity Group’s drive to develop and perfect a superior supplier network and call centre management system that allows them to create significant value for their clients has contributed greatly to their success and consistent growth in turnover over the years.

“We are truly excited to be part of the road ahead - the Affinity Group is more than just a niche service provider that provides top notch value added products that make a significant difference in their clients’ current lives - they have a mind set and appetite for future business success,” concludes Beaver.

The Affinity Group’s extended product offering, underwritten by Centriq, will be rolled out over the next couple of months.




Quick Polls


How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?


Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now