OUTsurance comes OUT tops

Back to OUTworld
25 June 2021
OUTsurance ranked better than ever by the Ombudsman for Short-Term Insurance and the South African Consumer Satisfaction Index

Last year, when OUTsurance announced a record low number of complaints referred to the Ombudsman for Short-Term Insurance (OSTI), the insurer committed to doing even better in the future.

Now, with the recent publishing of OSTI’s 2020 Annual Report, OUTsurance is yet again the insurer with the fewest complaints referred, when compared to the 10 largest short-term insurers by claims volume. This time, OUTsurance’s referral rate has plummeted to less than one complaint (0.881) for every 1 000 claims submitted, with the average referral rate of their peers almost triple at 2.53 complaints for every 1 000 claims submitted.

It’s a brand-new record, which means that OUTsurance has led their peer group for at least the last six years.

And it’s not just in the OSTI report where OUTsurance finds itself setting the pace when it comes to service.

The 2020 South African Consumer Satisfaction Index (SA-csi), recently published by Consulta, places OUTsurance first. This independent benchmark of satisfaction polled 2 600 clients of the nation’s major short-term insurers, recording OUTsurance as the overall winner with a score of 82.3.

Danie Matthee, OUTsurance’s CEO, said, “Treating customers fairly, and settling their claims accurately and quickly, is all part of our brand promise. We continuously strive to improve on the high standards we set for ourselves and this independent validation is extremely pleasing. I’d like to thank each and every staff member for helping us achieve this record.”

In addition to these accolades, OUTsurance has been voted best by the readers of several newspaper publications across South Africa:          

The Star Readers’ Choice Best of the Best Awards 2020

  • Best Car Insurance Company
  • Best Life Insurance Company

Pretoria News Readers’ Choice Best of the Best Awards 2020

  • Best Insurance Company
  • Best Short-Term Insurance Company

Beeld Leserskeuse 2021

  • Platinum - Beste Versekeraar

City Press Readers' Choice Awards 2021

  • Platinum - Best Short-Term Insurance

Sunday TImes GenNext Awards 2021

  • Coolest Insurance Company

“Records, awards and accolades are the by-product of putting our clients at the centre of everything we do, every single day, without fail. After all, we know that gaining their trust is only possible through our own actions. Again, it’s as simple as sticking to the brand promise we have made since the very beginning – you always get something out,” continued Matthee.

The latest OSTI report is available here and you can read more about the SA-csi findings here.

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