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UNITY Motor and Household Insurance

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Tel: 011 489 4001
Fax: 011 489 4011
Address:
17th Floor
Metal Box Building
25 Owl Street
Auckland park
Johannesburg
Postbox:
PO Box 11250
Johannesburg
2000
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

Innovative Black Empowered Personal Lines Insurer.

Unity Motor & Household Insurance was set up in November 2004 by Telesure Investment Holdings, a giant in the insurance industry. Telesure is the controlling shareholder in Unity with a 50.1 % stake.

At inception it was decided that Unity would use an earn-in empowerment model, which means that an empowered market entrant who needs no funding for its inclusion would be utilised in this way, allowing new entrants into the empowerment arena.

Telesure, who owns market leaders like Auto & General, have ensured that Unity is strategically positioned in a shifting macro environment.  Furthermore, Telesure has provided the necessary support for Unity‚Äôs vision of creating a working environment that will be able to attract, train and retain skilled people from all sectors of society.

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From The Glossary »

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Unreported Claim:

Circumstances where, following an accident or loss, payment under the terms of an insurance policy will be demanded from an insurance company but notice of the claim has not yet been received. Insurance companies are required to set up provisions for unreported claims (IBNR).
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