In Mozambique, Hollard Moçambique Seguros has acquired 100% of the shareholding in Global Alliance Seguros, S.A. The integration of Global Alliance Seguros is aimed at strengthening Hollard’s ability to support high-growth sectors such as energy, infrastructure, mining, and agriculture, which are key drivers of Mozambique’s economic development.

This move is set to significantly strengthen Hollard’s portfolio and diversify its existing expertise for the business to better serve businesses of all sizes, from SMEs to individual policyholders and large corporations.

In Botswana, Hollard International has completed the acquisition of Absa Life Botswana, bringing 100% of Absa Group’s shareholding in the life insurance business of Botswana into Hollard’s fold.
Both transactions form part of a broader deal with Absa Group, which includes the acquisition of Absa’s insurance businesses in Mozambique and Botswana– with general insurance operations in Mozambique trading under the Global Alliance brand.

Pravin (PK) Kalpagé, Chief Executive Officer (CEO) of Hollard International says, “Africa offers immense growth potential for insurers, driven by the rapid expansion of its economies and a vibrant, youthful population. These acquisitions will enable us to expand our offering across the continent to meet the diverse market needs, scale impact, and empower more people to create and secure better futures. This aligns with our vision to deepen our footprint across the continent and serve a broader, more diverse customer base.”

“These are more than just commercial transactions – but strategic and values-driven investments into the continent’s insurance sector,” commented Kalpagé.

As Hollard continues to grow its African footprint, its strategy is anchored in building strategic partnerships to expand access to insurance and financial services for individuals, SMEs and corporates, and in leveraging technology to drive innovation in underwriting, servicing and claims.

Sources: https://insurancebiz.co.za/

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Insurance brokers are a type of insurance professional who specialises in helping their clients find the best possible insurance plans.

You need to make sure they are trustworthy and knowledgeable in the industry.

The duties of an insurance broker vary depending on their employer. Some brokers work for an insurance company, and as such, they may be tasked with finding new customers for the company. Other brokers work independently and are paid by commission. These types of brokers typically help customers find the best possible plan that suits their needs, but they may also offer advice about what to do in case of a claim.

It is important to find a trustworthy insurance broker for your personal needs. A good broker will be able to provide you with the best possible insurance coverage, saving you money and time.

Here are some tips on how to find the best insurance brokers for your personal insurance plans:

1. Ask Your Friends or Family

If you know anyone who has dealt with an insurance broker, ask them what they think about their experience. This is the best way to get a first-hand account of what it’s like working with an insurance broker and can help you find one that is trustworthy and knowledgeable in their field.

2. Get Recommendations from a Professional

If you don’t know anyone who has dealt with an insurance broker, ask your local professional organisations if any of their members have a great experience with an insurance broker that they can recommend to you. This could be a lawyer, a real estate agent, or any other professional.

3. Research insurance brokers online

You can find brokers by researching online, or by going through your phone book or local newspaper.

4. Do a proper background-check before hiring your insurance broker

There are a number of important factors that you should take into consideration when hiring an insurance broker.

First, you need to make sure that the broker is licensed and registered with the relevant regulatory body. Secondly, make sure that they have a good reputation in the industry. Thirdly, you need to ensure that they have experience in your particular industry. Fourthly, they should be able to provide references from their previous clients and lastly, ask them how long they’ve been working in the industry.

Are you tired of spending hours scrolling the web for the best insurance deal?

Perfectsure knows how tiresome it can be. That’s why they have partnered with some of the top-rated insurance providers across South Africa, eliminating the need for you to do all that hard work. They quote on comparative quotes and check which one offers the best value for their clients.

For more information, contact 011 608 3127 or send a mail to info@perfectsure.co.za

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