Hollard hosts Procurement Conference focuses on controlling insurance claims costs

Hollard, South Africa’s largest privately owned insurance company, today begins a two day conference highlighting the importance of controlling costs more efficiently in partnership with stakeholders across the insurance claims process. Topics that wil

Another highlight will be a presentation delivered by Martyn Norrie CEO of Cunningham Lindsay New Zealand, who will discuss the Christchurch earthquake and the lessons learnt from New Zealand’s response to the disaster.

The total cost to insurers of rebuilding Christchurch has been estimated at NZ$20–30billion making it New Zealand's costliest natural disaster, and the third-costliest earthquake worldwide.

Cunningham Lindsey is one of the largest loss adjusting and disaster management companies in the world and is a global supply chain partner to Hollard.

In excess of 200 delegates including various national Hollard claims suppliers will attend the event.

Arie de Ridder, Hollard Group Procurement Manager said, "This conference is necessary. We have more than 50 brokers who are mandated to settle claims on behalf of Hollard. We want to bring our brokers and suppliers together in order for them to understand where Hollard Group Procurement is going. Although our current procurement practices have served us well, there’s always room for improvement. We are moving with the times, by sharing our new strategy aimed at making procurement simpler, more effective and making life easier for our partners and suppliers.”

“Unlocking value for our clients means removing unnecessary costs and wastage from our supply chain whilst maintaining meaningful commercial and supplier management arrangements with our suppliers. We’re quite committed to control the average cost per claim per category because it will stabilise, and in some cases reduce loss ratios,“ De ridder concludes.