Jonathan Faurie, FAnews Journalist
Receiving awards within the financial services industry gives a company a lot of credibility when it comes to an outsider deciding on which company to do business with within the industry.
After a long and detailed research process, consulting, research and risk management services company PMR.africa recently released the names of the winners of the 2013 PMR.africa Award winners.
A random national sample of directors, senior managers and short term underwriting managers were selected from short-term broker firms and short-term insurance companies and interviewed telephonically towards the end of last year to arrive at the results.
In this sense, the PMR.africa Awards are a little bit different to other industry awards in that a peer-review process is undertaken and the awards were introduced so that the personnel and staff of a business, from cleaners to CEOs, could receive acknowledgement.
Criteria used
The respondents were asked to rate companies based upon certain attributes which included: adaptability; attitude; competence; confidence level of the underwriter; financial strength of the underwriter; full authorization to accept/agree claims; innovativeness; know-how of advisors; quality; reputation (that is, perception of the company’s brand, integrity, CSI and so on); and speed.
Below is the list of the 2013 winners:
|
Category: Body Corporate (building/sectional title) |
Mean score |
Award eligibility |
|
Commercial & Industrial Acceptances (Pty) Ltd |
4.29 |
Diamond |
|
C-Sure Underwriting Managers (Pty) Ltd |
4.00 |
Gold |
|
Quantum Underwriting Managers (Pty) Ltd |
3.80 |
Silver |
|
First Property Acceptances – A member of Ace Insurance |
3.71 |
Bronze |
|
Category: Commercial Lines (commercial vehicles/fleets/general)
|
|
Award eligibility |
|
New Wheels Underwriting Managers (Pty) Ltd |
3.75 |
Gold |
|
Heavy Commercial Vehicle Underwriting Managers (HCV) |
3.70 |
Silver |
|
Paladin Underwriting Managers (Pty) Ltd |
3.50 |
Bronze |
|
Category: Engineering Risks |
Mean score |
Award eligibility |
|
AC & E Engineering Underwriting Managers (Pty) Ltd |
4.37 |
Diamond |
|
Consort Technical Underwriting Managers (Pty) Ltd |
4.20 |
Gold |
|
C&G Underwriting Managers (Pty) Ltd |
4.10 |
Silver |
|
Scintilla (Pty) Ltd |
4.10 |
Silver |
|
Mirabilis Engineering Underwriting Managers (Pty) Ltd |
4.00 |
Bronze |
|
Firedart and Construction Guarantee |
3.76 |
Bronze |
|
ONE Financial Services Holdings(Pty) Ltd |
3.70 |
Bronze |
|
Category: High Valued Executive Motor Vehicles |
Mean score |
Award eligibility |
|
MUA Insurance Acceptances |
4.17 |
Diamond |
|
Vantage Insurance Acceptances |
4.10 |
Gold |
|
Echelon Private Client Solutions |
4.00 |
Silver |
|
Execuline Motor Underwriting Managers (Pty) Ltd |
3.96 |
Bronze |
|
Category: Hospitality Industry |
Mean score |
Award eligibility |
|
Ascent Underwriting Managers (Pty) Ltd |
4.32 |
Diamond |
|
BNB Insurance |
4.14 |
Gold |
|
HIC Underwriting Managers (Pty) Ltd |
3.75 |
Silver |
|
Hospitality and Leisure Underwriters |
3.50 |
Bronze |
|
Category: Liability and Professional Indemnity Specialist |
Mean score |
Award eligibility |
|
Camargue |
4.30 |
Diamond |
|
Stalker Hutchison Admiral (SHA) |
4.15 |
Gold |
|
Leppard & Associates (Pty) Ltd |
4.00 |
Silver |
|
Category: Marine Risks |
Mean score |
Award eligibility |
|
Astra Maritime Underwriting Managers (Pty) Ltd |
4.15 |
Diamond |
|
Eikos Risk Applications (Pty) Ltd |
4.10 |
Gold |
|
Horizon Underwriting Managers |
4.00 |
Silver |
|
Savannah Marine Underwriters |
3.90 |
Bronze |
|
Associated Marine Underwriting |
3.73 |
Bronze |
|
Category: Motor Vehicle Fleet |
Mean score |
Award eligibility |
|
South African Underwriting Agency (Pty) Ltd |
4.14 |
Diamond |
|
Category: Personal Lines |
Mean score |
Award eligibility |
|
Aquarius Underwriting Managers |
4.13 |
Diamond |
|
Riscor Underwriting Managers |
4.00 |
Gold |
Editor’s Thoughts:
These companies were well awarded by their peers for good performances throughout the year. Some of the winners of the 2013 awards, such as Aquarius Underwriting Managers, Scintilla and AC&E Engineering Underwriting Managers were 2012 winners. What does winning these awards mean for the companies? Please comment below, interact with us on Twitter at @fanews_online or email me your thoughts jonathan@fanews.co.za.
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