We are pleased to announce that Assupol Life has completed its Broad-Based Black Economic Empowerment (B-BBEE) verification process for 2020 and has been awarded a Level 1 rating in terms of the B-BBEE Codes of Good Practice.
This score has been achieved through a targeted and dedicated transformation strategy that is strongly supported at Board level, built into the fabric of our business and has become a core element of who we are as a company.
As a proudly South African insurance company, we have long recognised that the long-term success and sustainability of our business is inherently tied to the socio-economic stability of our country and to South Africa’s success as a nation. We are serious about South Africa, its development as a nation and the growth of its economy. Our achievement in this regard demonstrates our commitment to this country, its people and its success.
We were the pioneers in bringing relevant and affordable insurance products into what was once the most neglected segments of market in our country and we continue to be leaders in the emerging markets segment in South Africa.
Over 80% of our clients fall within the previously disadvantaged sector of our population with the majority of our policy holders being black women. Over 66% of our employees are females and our brand is one of the most recognised in our segment of the market.
Being a Level 1 B-BBEE company deepens our transformational role in South Africa. It improves the competitiveness of our clients and suppliers. Everyone in our supply chain will benefit both financially and in terms of improving their own BEE scores.
Assupol Life CEO