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OUTsurance’s holding company - FirstRand STI Holdings Limited purchased shares in Swabou Insurance Company Limited, which is currently wholly-owned by FNB Namibia Holdings Limited. OUTsurance will thus operate in the Namibian short-term insurance market in collaboration with Swabou, who will underwrite the OUTsurance products launched.
OUTsurance commenced business in South Africa approximately 9 years ago and has developed into a highly competitive player in the South African market within a relatively short period of time. They were the pioneers of the OUTbonus, a product feature that returns cash to clients in the event that they had not claimed for a stipulated period. Swabou Insurance will continue to be managed and staffed locally from Namibia, and will leverage off the OUTsurance call centre operations in South Africa. Utilising the existing OUTsurance infrastructure will reduce the operating costs of Swabou Insurance, which will ultimately benefit consumers. OUTsurance Namibia employs local assessors who will be using OUTsurance’s innovative mobile assessing technology, thereby enabling fast claim turn-around times.
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Sales:
0800 600 000
(061) 306 081 |
Client Care & Claims:
0800 700 000
(061) 306 082 |
HELP@OUT:
0800 800 000
(061) 306 083 |
Web Support:
0800 300 000
(061) 306 084 |
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