Santam named best personal and commercial insurer

29 May 2008 Santam

Santam, the country’s largest short-term insurer, has been acknowledged as Personal and Commercial insurer of the Year by the Financial Intermediaries Association of Southern Africa (FIA).

The awards, announced last night at a glittering banquet held at the Sandton Convention Centre, recognises Santam for continuous innovation in providing insurance solutions to clients and the crucial role that the company plays in support of insurance brokers and other intermediaries.

Receiving the awards on behalf of Santam, CEO Ian Kirk said that it was a great honour to be acknowledged by the FIA, particularly in view of the importance that Santam places on the intermediary market.

“Santam is celebrating its 90th birthday this month. The people who opened the first Santam office way back in 1918 recognised that they needed the support of brokers with a shared passion and commitment to excellence in the short-term insurance market. Ninety years later, Santam’s leadership role in the industry continues to reflect the strength of the partnership between the company and its brokers,” he says.

“Santam is always looking for new and innovative ways to ensure peace of mind for clients. The award for Personal and Commercial Insurer of the Year is a gratifying indication of the success we continue to enjoy in this area, and a real tribute to the hard work and dedication of our staff and brokers,” he concludes.

The FIA was formed in March 2008 as a merger of the former South African Financial Services Intermediaries Association (SAFSIA) and the Insurance Brokers Council (IBC). Both SAFSIA and IBC had been in operation for more than 27 years, and the merger was designed to create greater unity amongst financial intermediaries in dealings with regulatory authorities, government departments, parliamentary committees and the various financial product providers.

Pictured above right : Ian Kirk receives the award from Arnold van der Linde


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