ABSA, known first and foremost as a banking institution in South Africa,
and more recently the subject of one of the biggest news stories in the banking
industry in Africa, its sale to Barclays, offers insurance via its ABSA Brokers
division. ABSA Brokers offers products and expert advice for both long-term and
short term insurance. There is also general wealth protection and financial risk
planning, for retirement and investment purposes. This all comprises a
comprehensive insurance and risk protection offering from one of the largest
companies in the country.
ABSA Insurance Brokers acts in these areas by fulfilling the roles of
intermediaries between clients and a range of service providers. They thus fall
squarely on the middle-man side of the equation, as opposed to many other modern
insurance providers who believe in eliminating intermediaries to bring insurance
directly to consumers. ABSA clearly believes that using brokers is the best way
of providing expert and value-added services to clients.
The division provides expertise in the 3 insurance sectors (long-term,
short-term, general). When it comes to short-term insurance, they offer personal
insurance, commercial insurance and industrial insurance. House contents,
vehicles and other valuables are covered in the personal insurance cluster.
There is also additional emergency and legal cover available. As ABSA only acts
as brokers, they give advice on selecting the best provider and package for your
needs, and they look after the actual dealings with the insurers on your behalf.
For long-term insurance you can avail yourself of their expertise to get life
assurance, risk protection in the form of investments, annuities, endowment
policies, unit trusts and business insurance.
In the area of general insurance there are personal financial planning,
investment planning, estate planning and retirement planning.
All these brokers and advisors are fully accredited by the Financial Services
Board, as well as the product suppliers, to ensure that their knowledge is
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|2015/04/07 10:46:19 AM|