Assupol: Best Life Assurer Southern Africa 2017

Over a century in business and offering funeral, life, savings, and retirement annuity policies, Assupol Life has become a fixture in the South African insurance sector. The company originally offered its products to government employees only, but – responding to consumer demand – is now open to the general public.

Assupol maintains a 27% share of the market in the government sector. The company is determined to replicate its success in the broader market, taking on much larger competitors by focusing on customer care and its signatory no-nonsense processing of claims.

Assupol consistently processes claims in under 24 hours – in fact, the company is a trendsetter in speeding up processing times. To help less financially resilient policyholders, Assupol pioneered a model that offers near-instant cash advances on claims.

Assupol also leverages its network of branches and agents to put a human face – and apply a human touch – to its services. Policyholders do not need to navigate labyrinthine phone routines and can address their concerns at local offices. Maintaining close proximity with clients – and keeping policyholders abreast of developments – are key to Assupol’s enduring success. To that end, the company deployed four mobile offices to travel the country and offer assistance in areas not yet fully covered by its network of more than seventy branches.

The CFI.co judging panel is familiar with Assupol’s progress and has recognised the company on a number of previous occasions. The judges agree that Assupol’s continued dedication to operational excellence again merits a win and offer the company the 2017 Best Life Assurer Southern Africa Award.

marten

Recent Posts

KBC Group: Best European Bank 2024

KBC Group continues to lead the European banking sector through its innovative bank-insurance model, delivering…

2 weeks ago

Ghana Stock Exchange: Best Stock Exchange for Economic Growth West Africa 2024

The Ghana Stock Exchange (GSE) has consistently demonstrated a commitment to driving economic growth and…

3 weeks ago

Nordea Asset Management: Best ESG Team Europe 2024

Nordea Asset Management (NAM) has championed responsible investment for over three decades, beginning in 1988…

1 month ago

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

2 months ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

2 months ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

2 months ago