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Rising white collar crime sees demand for fidelity gaurantee insurance increase

The tough economic climate that has pervaded for the last seven years in South Africa, combined with the country’s high unemployment rate, has seen a marked increase in the need for ‘Fidelity Guarantee’ insurance cover by local businesses in order to mitigate the risk of theft committed by employees. More than two-thirds of South African companies polled in a 2012 ITWeb survey reported that they had discovered cases of fraud committed by their own staff over the past three to five years. The survey showed that white-collar crime was on the increase and that most cases of fraud were committed by companies' internal staff members.
Picturing your future with CIB - made easy at the IISA Conference

Never a company to shy away from the fun side of life, CIB Insurance Administrators (Pty) Ltd (CIB) brought a bit of fun to their stand this year at southern Africa’s largest annual insurance conference - The International Insurance Conference Southern Africa 2013 – while still managing to underscore an important point.

20 Years of passion and innovation

CIB is excited to announce our 20th anniversary of uninterrupted service excellence to the insurance industry. Since our humble beginnings in 1994, the company has grown in leaps and bounds and intends to continue to do so over the years to come. CIB’s visionary products and national business operations have certainly been key factors to our success story, but the real foundation of our success lies in the long-term relationships that we have established with brokers, clients and suppliers.  

It is a great honour to look back and see how far CIB has come from our early days and the contribution that we have made to the insurance industry and we look forward to what the future holds for us.

Welcome to the future of insurance

At CIB, we’ve introduced unique insurance solutions designed to meet the clients' particular needs. Our insurance solutions are backed up with technologically streamlined processes, including the CIB portfolio management system,  online claim forms and complimentary systems training. Making things as easy and as effective as possible for our brokers,which, in turn, makes things easier for their clients. So, if you're interested in a simpler, more efficient future, Contact us.

Because the future is CIB

As a short term insurance administrator, our aim is to be the preferred choice for all professional brokers when considering their client's business or personal insurance needs.

Specialising in the SME market, our product portfolio includes personal lines insurance and a wide range of commercial insurance. We also offer niche products such as engineering, agriculture, franchise and building insurance.

Peace of mind is provided through having one of the World's leading reinsurers, Hannover-Re, backing our treaties and RMB Structured Insurance Limited as our underwriter.