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CIB launch innovative insurance policy for SA's growing high net worth individual market

According to the most recent Global Wealth Report, South Africa will produce more millionaires than 20 other emerging economies by 2016. The report also predicts that the number of local millionaires will increase by 242% to 243 000 by 2012. In order to service this rapidly growing market, CIB Insurance Administrators (CIB) has officially launched Vertex, a tailor-made insurance product specifically targeted at the high net worth individual (HNWI) market in South Africa.

Brokers confident about business conditions

Brokers have confidence levels of 61% for the outlook of the economy over the next 12 months, results from the CIB Broker Confidence Index for the first quarter of 2012 show.

Welcome to CIB

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, estate, franchise and building insurance.

Peace of mind is provided through having two of the World's leading reinsurers, namely Munich-Re and Hannover-Re, backing our treaties and Centriq Insurance Company as our underwriter.