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COMPLIANCE & SUSTAINABILITY

   

A+ RATING REAFFIRMED

Global Credit Rating Co (GCR) has reaffirmed Centriq Insurance Company Limited’s (Centriq) domestic ZAR currency claims paying ability rating of A+ (single A plus). The rating is an indication of high claims paying ability and above average protection factors. 
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BEE RATING

Centriq Insurance (Centriq) believes it is only through sustained profitable growth and through its BBBEE, transformation and diversity initiatives, that it can remain relevant, grow and increase its profitability.
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CONFLICT OF INTEREST POLICY

The General Code of Conduct for Authorised Financial Service Providers and Representatives (the Code) issued under the Financial Advisory and Intermediary Services Act, 2000 (Act No. 37 of 2002) (FAIS), requires financial service providers to have a Conflict of Interest Management Policy in place to ensure that conflict of interest is managed appropriately in the business.
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FSB DIRECTIVES - www.fsb.co.za

Directive 97

Directive 151

Directive 156

Directive 159 
 

PROMOTION OF ACCESS TO INFORMATION ACT

The company culminated from the merger of Santam Risk Finance Limited (now known as Centriq Insurance Company Limited), Nova Risk Partners Limited and Nova Life Partners Limited (now known as Centriq Life Insurance Company Limited) with short term and life insurance licences for all classes of short-term and life insurance business and the ability to incept cell-captives. 
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UPDATES ON REGULATORY STATUS

Click on any of the links below to view the latest status

BROAD BASED BLACK ECONOMIC EMPOWERMENT (BBBEE)
COMPANIES ACT 2008
COMPETITION LAW AMENDMENT ACT
CONSUMER PROTECTION ACT (CPA)
FINANCIAL ADVISORY & INTERMEDIARY SERVICES ACT (FAIS)
INSURANCE LAW AMENDMENT ACT (ILAA)
KING III
POLICY PROTECTION RULES (PPR)
PROTECTION OF PERSONAL INFORMATION BILL (PPI BILL)
TREATING CUSTOMERS FAIRLY (TCF)