‘We’ve come a long way’

The Star Early Edition - - COMPANIES -

BRIGHTROCK chief ex­ec­u­tive Schalk Malan said on Fri­day that the com­pany had come a long way since it was founded in 2011.

The com­pany had grown strongly over the past five years, now boost­ing R148 bil­lion cover in force and more than R611 mil­lion an­nu­alised pre­mium in­come. BrightRock is the fast grow­ing life in­sur­ance player in the coun­try.

“Our in­volve­ment with San­lam will al­low us to grow ag­gres­sively. It has not been easy to start the busi­ness, but with the sup­port we re­ceived from Lom­bard In­sur­ance Group, our found­ing in­vestors since in­cep­tion, has been great,” said Malan.

New ter­ri­to­ries

He said a big in­dus­try player like San­lam would en­sure that BrightRock kept on chart­ing new ter­ri­to­ries. “We will have ac­cess to capital and grow our mar­ket share even big­ger than it is. We are cur­rently achiev­ing 72 per­cent year-on-year pre­mium in­come,” he said.

Now that com­pany had man­aged to sur­vive the growth pains like start­ing on new slate, cre­at­ing new distri­bu­tion chan­nels and build­ing the brand, Malan said he could not wait to see the com­pany tak­ing off even higher go­ing for­ward. – Sandile Mchunu

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