Bidvest Insurance, a subsidiary of the
Bidvest Group
The Bidvest Group Limited also known as Bidvest Group or Bidvest is a South African services, trading, and distribution company.
History
Bidvest was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. The B ...
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
The Bidvest Group Limited also known as Bidvest Group or Bidvest is a South African services, trading, and distribution company.
History
Bidvest was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. The B ...
.
History
The company was founded in 1997 as part of McCarthy Motor Holdings known as McCarthy Insurance Services
2004
Bidvest Group
The Bidvest Group Limited also known as Bidvest Group or Bidvest is a South African services, trading, and distribution company.
History
Bidvest was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. The B ...
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
An accident is an unintended, normally unwanted event that was not directly caused by humans. The term ''accident'' implies that nobody should be blamed, but the event may have been caused by unrecognized or unaddressed risks. Most researche ...
& health,
liability, motor, miscellaneous,
property
Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...
, and
transport
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipelin ...
insurance.
Direct Channel
Handre Pollard's R2 million insurance
In 2015 Springbok flyhalf
Handré Pollard
Handré Pollard (born 11 March 1994) is a South African professional rugby union player who currently plays for the South Africa national team and Leicester Tigers in England's Premiership Rugby. His regular playing positions are fly-half, wher ...
’s kicking foot was insured by Bidvest Insurance for R2 million (
ZAR) (US$230,000) during the
Rugby World Cup
The Rugby World Cup is a men's rugby union tournament contested every four years between the top international teams. The tournament is administered by World Rugby, the sport's international governing body. The winners are awarded the Webb E ...
.
Regulatory membership
Bidvest Insurance is a member of the South African Insurance Association (SAIA) and a partner member of Southern African Travel Agents (ASATA).
See also
*
Economy of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa ...
References
{{Reflist
Insurance companies of South Africa
Companies based in Durban
Financial services companies established in 1997
1997 establishments in South Africa