How we select agencies

• There are strict selection criteria for new agencies
• We do a thorough assessment of key individuals in our agency partners
• We undertake a detailed analysis of the niches and policy wordings to ensure that we are comfortable we can add value and we are a good match
• We do operational audits to manage risk in the agency

What we do for our agencies

• We supply underwriting capacity and capital
• We offer comprehensive business and insurance experience
• We provide analysis of management information and trends

Best attributes of our agencies

• They have extensive experience in their relevant niches
• Our partners have a good reputation in the market
• They can boast knowledgeable staff
• Our close partnership means they have well established relationships with the risk carrier

What Compass and our agencies can do for you the broker?

• Our agencies handle the claims settlement process
• Our agencies are well represented in major towns in SA
• Our agencies ensure brokers get full legislated commission
• Agencies offer superior service because of their size
• They have a full mandate to provide quotes and issue policies
• Their policy wordings are extensive – wider than Multimark

Download Broker Application Form (Word doc)

Why would you choose to work at Compass?

• Compass aims to be the employer of choice!
• Compass is part of the Hannover Re Group, and thus part of the world wide group
• At Compass we grow our staff through extensive training and development as well as the relevant exposure both locally and internationally
• We are committed to the FSC and to equal opportunity appointments
• The Compass team, although relatively small, is vibrant, energetic and committed
• We offer market related remuneration and benefits as well as a conducive working environment
• We are ISO accredited

"CIA has been privileged to be part of the Compass transformation, which has seen it become one of the leading insurers of niche underwriting business.

Compass understands the role of the underwriting manager in the industry and provides background technical and actuarial support for their underwriting agencies. Compass is committed to excellence borne out by the ongoing support of their dedicated and hardworking staff to these agencies.

Compass provides us with the tools to do what we do best, the specialised task of underwriting of fixed property insurance."

Jannie de Wet & André de Waal
Commercial & Industrial Acceptances

"Thank you Compass for providing all the necessary professional backup by running an efficient insurance company and allowing us to concentrate all our efforts into writing our class of business."

Alan Cook & Paul March
First Marine Acceptances

"The Compass model is one of the key elements that attracted TRA to align ourselves with Compass. Their model deals exclusively with, and specialises in, Underwriting Agencies. The interests of the Underwriting Agency is Compass’ core focus, thus allowing the agencies to benefit hugely from their technical support, as well as their understanding of the niche underwriter – as Compass is themselves an operator in a niche market. There is no competition with the principal risk carrier and so the whole Compass model is designed to support and market their agencies, not themselves. Another facet is the Compass value system which is a perfect fit for TRA and provides values with which it is easy for us to align ourselves."

Natasja Blok
Thatch Risk Acceptances