Allianz Commercial And Virtue ESD Partner To Empower Black-Owned SMEs
Allianz Commercial And Virtue ESD Partner To Empower Black-Owned SMEs. Allianz Commercial South Africa, a leading global corporate insurance carrier and a key business unit of Allianz Group, has partnered with Virtue ESD to launch the Allianz Loss Adjusters Development Program. This initiative aims to increase the number of black-owned small and medium-sized enterprises (SMEs) within the company’s supply chain and the broader economy. The program provides essential support to business owners, enabling them to overcome challenges and foster growth. Additionally, participants have the opportunity to establish a relationship with Allianz Commercial, potentially becoming a supplier.
“Allianz Commercial South Africa takes its role of contributing to the facilitation of broader participation in the economy within the insurance industry by black-owned businesses in line with relevant legislations such as the Broad-Based Black Economic Empowerment Amendment Act,” says Allianz Commercial South Africa CEO, Thusang Mahlangu. “The Allianz Loss Adjusters Development Program is built on global best-practice principles, ensuring the scalability and sustainability of the entrepreneurs and small business suppliers involved. Since its establishment in 2019, the program has already assisted six companies in various areas, including business strategy, sales training, marketing, finance, HR and legal, ICT and system support, personal development, and systems and processes. Notably, all beneficiaries are currently supplying Allianz Commercial with loss adjusting services.”
Among the beneficiaries of the program are Sompisi Loss Adjusters, founded in 2017 by Bongani Mbhele. Sompisi Loss Adjusters offers professional and competent loss-adjusting services for corporate, commercial, and domestic insurance needs. With a highly experienced technical team boasting over 35 years of collective experience in the short-term insurance industry, Sompisi Loss Adjusters aims to become a leading corporate loss adjusting firm.
Another participant in the program is SailOut Loss Adjusters, established in 2020 by Mantsena Maphophe. SailOut specializes in adjusting claims for large financial service providers and operates in Johannesburg and surrounding areas. Their mission is to provide highly technical claims services, covering small to large-scale losses and complex claims.
Rixile Loss Adjusters is also benefiting from the Allianz Loss Adjusters Development Program. Renowned for delivering unparalleled loss adjusting and insurance consultancy services across the region, Rixile Loss Adjusters has established strong alliances with prominent insurance companies through collaborative work with international loss adjusting firms. Founder Gertrude Khosa has been an integral figure in the industry since 1995 and has been a Loss Adjuster since 2004.
