Hollard Group
Encyclopedia
Hollard Group is an independent and privately owned insurance
group based in South Africa
that operates under two insurance licences: short term and life
. The company was established in 1980 by Robert Enthoven, and the Enthoven family retains the majority share, locally through The Enthoven Family Trust (EFT) and internationally through Capricorn Ventures International (CVI).
The firm is the largest independent and privately owned insurer in South Africa and has operations and investments in Namibia
, Mozambique
, Botswana
, Australia
, India
, Pakistan
, China
and the United Kingdom
.
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
group based in South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
that operates under two insurance licences: short term and life
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
. The company was established in 1980 by Robert Enthoven, and the Enthoven family retains the majority share, locally through The Enthoven Family Trust (EFT) and internationally through Capricorn Ventures International (CVI).
The Company
The firm is known for the development of selling prepaid insurance, sold in cellphone-like ‘starter packs’ through retailers. It has been rated in the Top 10 in South African Best Company to Work For survey from 2002 to 2006 and was rated fifth in 2006; In 2007 to 2009 Hollard was rated in the Top 10 in South African Best Company to Work For survey’s Medium Category Winners. The company is located at the Hollard Campus alongside the M1 on Oxford Road in Parktown, ttsr home since 2005.Afro-Globalisation
The firm's international philosophy is one of Afro-Globalisation. This involves using a strong South African skill base, infrastructure and balance sheet as a springboard for partnerships in countries such as Namibia, Mozambique, Nigeria and China. Thefirm partners with prominent local businesses to establish focussed, insurance-related initiatives.The firm is the largest independent and privately owned insurer in South Africa and has operations and investments in Namibia
Namibia
Namibia, officially the Republic of Namibia , is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March...
, Mozambique
Mozambique
Mozambique, officially the Republic of Mozambique , is a country in southeastern Africa bordered by the Indian Ocean to the east, Tanzania to the north, Malawi and Zambia to the northwest, Zimbabwe to the west and Swaziland and South Africa to the southwest...
, Botswana
Botswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
, Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
, Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
Financial summary for 2009
- Combined annual gross premium income of R9.7
- Total assets of over R17 billion
- Financial strength of R2.5 billion in shareholders’ funds
- In excess of 6 million policyholders