Bidvest Insurance
From Wikipedia, the free encyclopedia
Bidvest Insurance, a subsidiary of the Bidvest Group based in South Africa, is an authorised financial services provider in short-term insurance, specialising in personal and automotive value add insurance products. Bidvest Insurance is part of the Bidvest Financial Services division of the Bidvest Group.[1]
| |
| Company type | Privately owned |
|---|---|
| Industry | Financial services, Insurance |
| Founded | 1997 |
| Headquarters | , South Africa |
Area served | Southern Africa |
Key people | Phillip Donnelly – managing director |
| Products | Short-term insurance
Personal and automotive value added insurance products Affinity solutions for partners |
Number of employees | 120 (July 2020) |
| Parent | Bidvest Group |
| Website | bidvestinsurance |
History
The company was founded in 1997 as part of McCarthy Motor Holdings known as McCarthy Insurance Services 2004 Bidvest Group bought McCarthy Motor Holdings and McCarthy Insurance Services then became Bidvest Insurance falling under the Bidvest Financial Services division.
Divisions
Bidvest Insurance comprises
- Affinity Channel
- Direct Channel
Affinity Channel
This division is a financial services provider holding a full short term insurance licence. Bidvest Insurance is a short term insurer licensed to underwrite accident & health, liability, motor, miscellaneous, property, and transport insurance.
Direct Channel
Handre Pollard's R2 million insurance
In 2015 Springbok flyhalf Handré Pollard’s kicking foot was insured by Bidvest Insurance for R2 million (ZAR) (US$230,000) during the Rugby World Cup.[2]
Regulatory membership
Bidvest Insurance is a member of the South African Insurance Association (SAIA) and a partner member of Southern African Travel Agents (ASATA).[3]