King Price Insurance
 | |
| Company type | Privately owned |
|---|---|
| Industry | Insurance |
| Founded | 2012 |
| Founder | Gideon Galloway |
| Headquarters | Waterkloof Glen, , |
Area served | South Africa |
Key people |
|
| Products | |
| Website | www |
King Price Insurance is a South African-based, privately held insurance company that offers short term insurance.[1][2] The company is best known for its monthly decreasing car insurance premium model.[3][4]
History
[edit]King Price Insurance was founded by Gideon Galloway.[5][1] The company received its initial funding from Francois van Niekerk of Mertech group and Stefan van der Walt of Nikon, and was launched in 2012.[6] The company offered monthly insurance, reducing premiums that decrease with the depreciating value of the asset.[7][8] King Price Insurance registered with as a member of the South African Insurance Crime Bureau (SAICB).[9] King Price insurance is reinsured by reinsurer Munich RE. The company’s head offices is located at the Waterkloof Glen, Pretoria.
Product
[edit]King Price Insurance offers covers for short term insurance products including car, household, building, specialised items, trailers, caravans and all risk insurance.[10] It offers car insurance premiums that decrease monthly according to the continuously depreciating value of the insured vehicle.[11]
Recognition
[edit]King Price won dual awards for Best Short-Term Insurer and Best Overall Newcomer in the 2013 South African Service Awards.[citation needed]
References
[edit]- ^ a b Maarten Mittner (15 June 2012). "Short-Term Insurance". Financial Mail. Retrieved 6 March 2014.
- ^ Jonathan Greig (7 November 2013). "South African insurers missing a trick, says Google". BDlive. Retrieved 6 March 2014.
- ^ Hanna Barry (6 March 2015). "Insurers are inflating premiums, says King Price". Retrieved 6 March 2014.
- ^ "2013 Winners". Archived from the original on 22 September 2014. Retrieved 6 March 2014.
- ^ Nadine Todd. "When the Price is Right: We Chat to Gideon Galloway from King Price". Entrepreneur Magazine. Retrieved 6 March 2014.
- ^ Dean Oelshig (20 November 2014). "The best brands solve the simplest problems". Retrieved 6 March 2014.
- ^ "Get Rid of Overpriced Insurance Premiums with King Price Insurance". Money Smart. 18 July 2013. Archived from the original on 27 June 2014. Retrieved 6 March 2014.
- ^ "King Price recruits 10000 clients since launching". Financial Mail. 12 December 2012. Retrieved 6 March 2014.
- ^ "King Price Join the SAICB". SAICB. Retrieved 6 March 2014.
- ^ "King Price Insurance". Money Smart. 18 November 2012. Archived from the original on 4 November 2013. Retrieved 6 March 2014.
- ^ "King Price Insurance claims lowest car premiums". The Sowetan. 16 July 2012.