Leading SA Short-term operator expands into the Eastern Cape

In response to the growing demand for increased insurance broker support in the Eastern Cape, independent short-term administrator, CIB Insurance Solutions (CIB), has opened a satellite office in the region, thereby expanding its national footprint. The new office, based in East London, will be overseen by Dominique Attree, CIB Portfolio Manager - Eastern Cape, who has over 14 years experience in the South African insurance sector.

“CIB, which provides brokers with personal, commercial, agricultural, engineering, building and hospitality insurance solutions for their clients, has steadily made its presence felt in the Eastern Cape over the past seven years. During this time, the company has built up a strong network of professional brokers. The establishment of an office in the Eastern Cape is testament to the great work that brokers are doing in the province, as well as its huge business growth potential,” says Attree.

According to Attree, on-the-ground presence in the Eastern Cape will potentially provide the company with access to individuals and companies in the region’s dynamic and diverse economy.

The Eastern Cape economy is increasingly modern and export-oriented, with great potential for growth of existing industries such as agriculture, agro-processing, manufacturing, tourism, electronics and ICT call centres.

The province's manufacturing sector is already well-incorporated into the world economy. Nearly half of the 120 large-scale enterprises in the province are part of international corporations, while over 50% of the large-scale enterprises are exporting more than 25% of their output.

There are also a number of private and public sector projects underway aimed at growing the number of small businesses in the area and helping them succeed.

These efforts have helped put the total provincial personal disposable income at an estimated R50-billion annually.

“We understand that these businesses and individuals all require insurance in its various forms and creating a strong presence in the region was non-negotiable for us,” says Attree. “We pride ourselves on being a broker-centric company and this latest expansion is in line with our strategy to be the preferred choice for all professional brokers nationally. The response so far from brokers in the region has been phenomenal,” she concludes.