We are pleased to announce that despite a competitive market we have posted another set of satisfactory underwriting results. The Company continues its focus on achieving and sustaining profitable growth. July 2007 saw the successful launch of the Zurich brand in South Africa and a notable achievement was the acquisition of the Gautrain underwriting account. This clearly demonstrates the Company’s ability to make use of the expertise and capacity afforded by the global Group.
Looking at the industry, the insurance cycle remains favourable. This applies mainly to the corporate and commercial sectors. The motor portfolio, however, remains a challenge and continued efforts to implement appropriate risk management strategies, rating models and improved customer segmentation are still a priority. Underwriting results were impacted by a variety of factors . . . read more  |
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