Expansion
Our offshore businesses
“ The journey of a thousand miles begins with a single step .”
Lao Tzu , Chinese philosopher
Namibia : PPS had members in the former South West Africa before its independence to become Namibia . Independence meant that the regulator required in 2002 that PPS in Namibia must have a local board . It was still managed with administrative support from South Africa . Over time , laws in the country required a Namibian insurance licence and a local CEO . The business is now a fully-fledged insurance company with some support still provided by South Africa . PPS Insurance Namibia ’ s members have their own bonuses and profit fund . It is independent , profitable and true to the PPS ethos of mutuality and exclusivity .
It ’ s raining benefits
“ Plan for what it is difficult while it is easy , do what is great while it is small .”
Sun Tzu , Chinese Stratergist
In 2020 , amid the COVID-19 pandemic , PPS paid R4.84 billion in total benefits to members . It also allocated R2.2 billion in Profit-Share to members holding qualifying products . Over the past 10 years alone , PPS paid a cumulative R27.7 billion in Profit- Share to these members .
Expansion 2020
It ’ s raining benefits
Australia : PPS Mutual is an Australian entity operating in the retail life insurance market in Australia that is owned by its Australian members in the same way PPS is owned by its South African members . Established in 2016 with PPS South Africa as a founder member , the PPS Mutual head office is located in the heart of the Sydney CBD and has operations that span across all of the Australian States . PPS Mutual has effectively accredited over 800 advisers ( 2021 ). PPS Mutual is the only insurance business in Australia that is solely for Australian professionals and who currently offer retail life insurance products with a Profit-Share . In its first five years of operation , PPS Mutual has attracted over 5 000 members and achieved Inforce premiums of over A $ 30 million .
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