C O N S TA N T I A INSURANCE
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CONSTANTIA INSURANCE
Caring to Its Core PRODUCTION: Timothy Reeder
Constantia Insurance Company Limited (CICL) recently celebrated reaching the milestone of its 65th birthday. To get there, it has consistently taken great care over even the smallest detail, setting it apart from a vast sea of competitors by truly caring about those who entrust it with their business.
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Constantia Insurance abides strongly by its enduring mantra of ‘Insurance Made Personal’. It has been the one constant in an ever-changing industry throughout its near-seven decades of operations. Its capabilities stretch across a plethora of cover, among them business, legal, personal asset and health. Constantia has long been known as a company of people who
seek out new ways of doing things, while at the same time not losing sight of the old, combining more than six decades of wisdom with a constant hunger for new knowledge. KEY PRINCIPLES To continually achieve this, the company focuses specifically on some crucial areas where it is always striving for excellence. Paramount to
driving forward the business, firstly, is the quality of its people, whose commitment, skills and vision that set it apart in such a service-centric industry. The company boasts a highly experienced and innovative team that brings to the table its deep insurance knowledge and understanding. The company also spends considerable time and effort ensuring what might be termed a continued
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INDUSTRY FOCUS: INSURANCE
agility. This is a market which moves at a pace unlike many others, meaning that only those companies most able to adapt to the constant change are capable of remaining ahead of the chasing pack. Put simply, Constantia Insurance succeeds again and again because it is able to swiftly develop unique services and tailor-made innovation. Twinned with this is an unerring belief in simplicity, and as such the company’s systems have been created with efficiency in mind. Rather than unnecessarily complicate what should, by nature, be the most hassle-free process possible, Constantia’s actually work, both fast and well. This has been particularly important in staying within the bounds of the insurance industry’s increasingly tight regulatory
framework, allowing the company to focus on forever perfecting its craft. TIMELY ACQUISITION It comes as no surprise, given the foundations that have been put in place over a long and distinguished lifetime, that Randall & Quilter Investment Holdings Ltd, founded by Ken Randall and Alan Quilter in 1991, was effusive in its hope for Constantia’s future as it announced its acquisition of the company in January. R&Q has a proven track record itself over three decades of acquiring both the discontinued books of non-life business and non-life (re)insurance companies and captives in run-off, coupled with access to capital and a wealth of experience. Commenting on the
Ambledown is the largest administrator of gap cover in South Africa
announcement, Ken Randall, Chairman and Chief Executive Officer of R&Q, said: “We are delighted to have acquired Constantia and this continues to demonstrate the ability of R&Q to provide exit solutions for end of life captive insurance companies. This continues our excellent track record of acquiring captive insurance companies and we remain excited about our legacy acquisition pipeline.” PAIRING IS CARING The Knysna Bull is renowned as a three-day mountain bike experience like no other in South Africa, which makes it an excellent fit for a sponsor like Constantia Insurance. As a result, for the next three years at least the event will be known as Knynsa
Since the beginning, we’ve focused on providing the best gap cover possible. We have more than 500 brokers ranging from sole proprietors to corporate brokers trusting us with their business. We take great care to service more than 150,000 members. Ambledown’s Gap Cover Series is a range of insurance products which provide cover for you and your immediate family for the shortfall (Gap) resulting from any medical practitioner charging above the medical scheme tariff for incidents that necessitate hospitalisation. The Gap Cover Series has been extended to include in-hospital co-payments, co-payments for MRI and CT scans as well as shortfalls due to medical scheme sub-limitations. For more information you may contact us on: 0861 262 533 www.ambledown.co.za info@ambledown.co.za
Ambledown Financial Services is an authorised financial services provider: FSP: 10287 This is not a medical scheme and the cover is not the same as that of a medical scheme. This is not a substitute for medical scheme membership.
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Ambledown Financial Services’ gap cover products are underwritten by Constantia Insurance Company Limited (Registration Number: 1952/001514/06/ FSP: 31111)
CONSTANTIA INSURANCE
// CONSTANTIA INSURANCE IS A TRUSTED BRAND WHOSE RESPONSIVE TEAMS PROVIDE INNOVATIVE RISK AND INSURANCE SOLUTIONS IN NICHE MARKETS // Bull made personal by Constantia Insurance. “We are thrilled that such a forward-thinking and innovative company has joined the Knysna Bull family,” says Pax Mosterd, the event’s Race Director. “Constantia Insurance prides itself on finding personal solutions and creating innovative products, which is really what the Knysna Bull is all about too. We’ve taken the best trails of the region and crafted something that we think is a unique ‘three-day’ event unlike any other in South Africa.” Of the new pairing, Volker Von Widdern, Group CEO of Constantia Insurance Group says that this represents a perfect fit with the core philosophy of Constantia Insurance. “Constantia Insurance is a trusted brand whose responsive teams provide innovative risk and insurance
solutions in niche markets,” he explains. “We are a provider whose business principles lie firmly in making personal insurance, more personal. By partnering with the Knysna Bull we aim to speak directly to the cycling market, and help mountain bikers make insurance decisions that suit them and their needs.” EYE ON THE FUTURE Through its risk-tailored solutions spanning commercial and personal products, Constantia Insurance believes that it will positively impact the insurance landscape of South Africa as it continues to cement itself as a central market player. Driving a service excellence that is supported by the vast experience of executive members and talented support staff von Widdern, sums up with his
thoughts on what the next few years will bring. “We believe that we will be one of the leading providers of holistic, integrated and inclusive insurance and risk management solutions in each of our target sectors through innovative product design with our highly responsive and collaborative team. “A key factor in our success over this long period has been the focus and expertise developed in selected markets. Another factor in our success is having the capability to be responsive to changing business environments. We want to capitalise on our foundations in health, motor and property and guarantee sectors,” he concludes. WWW.CONSTANTIAGROUP.CO.ZA
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May 2018
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MAY 2018