Interview with Bright Rock CEO, Schalk Malan about their ground-breaking temporary disability cover
In October 2019 Needs-matched life insurance provider, BrightRock, announced enhancements to their temporary expenses cover. Read More
More recently Insurancegateway® Interviewed Schalk Malan to not only learn more about their product enhancements but also to talk about Bright Rock’s strategic objectives.
Here are some of the additional topics that we explored.
• Bright Rock’s journey to its current market position and their organisational goals.
• Bright Rock’s trust relationships with stakeholders and their Claims Approach.
In the short video clip that was published to the Insurance Gateway Youtube Channel you can watch ,Schalk Malan talk about these topics as well as how their needs-matched individual life offering which came on the back of the strong uptake among financial advisers of its other market-first product features.
BrightRock has particularly seen advisers and clients embrace its permanent expenses cover, with more lump-sum disability cover being placed with BrightRock than with any other insurer, according to the recently-released Swiss Re Individual Volume Survey for 2018. The annual survey found that advisers placed more non-occupational disability cover with BrightRock in 2018 than with the rest of the market combined in the large segment (sum assured greater than R2,4 million). BrightRock is now also ranked second in terms of market share of the large segment, sold through advisers.
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A savings oriented form of permanent life insurance similar to investment contracts except that the policy owner does not have a separate savings account with the company to which interest is periodically credited. Instead, the savings element of premiums paid is pooled with all other policies of the same class to form a separate fund, sometimes by means of unit trust scheme. The value of a policy owner’s savings is represented by his share of ...