FANews
FANews
RELATED CATEGORIES

2018 Lion of Africa day

21 May 2018 Mr Anees Vazeer, Lion of Africa
Mr Anees Vazeer, Acting CEO of Lion of Africa.

Mr Anees Vazeer, Acting CEO of Lion of Africa.

Lion of Africa Insurance (Lion) recently held its inaugural annual Lion of Africa Day at the Johannesburg Stock Exchange on the 19th April 2018. The theme of the event was “Lion Roars. Setting Greater heights, and celebrated the Lion’s 19 years of existence and showcased its extensive product offering.

Strategic partners of the Lion, which include Risk Guard Alliance (RGA), Credit Protection Services (CPA), Performance and Custom Bonds Services (PCBS), Neptune Marine Underwriting Managers and Infrastructure Risk Underwriting Managers, and T&T Underwriting Managers also attended the event and showcased their various product offerings which are underwritten by the Lion.

Mr. Anees Vazeer, the Lion’s Acting CEO, shared the remarkable journey of the Lion since its establishment, its proud history as the first level one B-BBEE short term insurer, historic trends in gross written premiums and loss ratios, and he also provided an update on the turnaround strategy of the Lion which started at the end of 2015.

Anees further outlined the 2018 strategy which included consolidation of the public sector book, growth of commercial business lines, introduction of personal lines business and the fact that corporate action was underway and that the Lion shareholder, Brimstone Investment Corporation was considering looking at alternative partnerships that may be present in the market.

Mr Neil Pather, the Acting Sales Executive for the Niche and Commercial business divisions, and Ms Sharon Mackay Sikhosana, Executive Public Sector also highlighted the plans for these divisions for 2018.

Quick Polls

QUESTION

In your opinion, what do organizations and customers rely on intermediaries for?

ANSWER

Advice based on their knowledge and expertise
Getting the best deal
Understanding their needs and explaining products
Identifying risk exposure
All of the above
A E fanews magazine
FAnews November 2019 Get the latest issue of FAnews

This month's headlines

It’s time to go overweight, heart!
A holiday should not be stressful
Should brokers participate in claims investigations?
Offshore investing to finance education
The whole cake… or rather one slice at a time
Non-disclosures: what you need to know
Medical schemes’ average increases for 2020
Subscribe now