Indwe sells administration business Orico to Brolink
Indwe Broker Holdings announced the sale of its administration business Orico to Brolink, a leading administrator recently acquired by Santam, South Africa’s largest short-term insurer.
“We have had a very successful working relationship with Brolink over many years and consider them leading administrators,” says Peter Olyott, CEO of Indwe Broker Holdings. “We value Brolink’s efficient business and operations track record, its exceptional people and delivery of quality processes and systems,” says Olyott.
The move is in line with Indwe’s strategy of repositioning itself as a leading provider of risk and insurance products and services and of reducing its exposure on revenue not directly linked to the provision of advice, service and products.
“The newly expanded Brolink will provide greater scale and sustainability to improve operating costs and efficiencies. Brolink will continue to expand and grow relationships with other insurers to enable us to provide a multi-insurer offering on both personal and commercial insurance,” says Clipstone Webber.
“Due to the consolidation of Orico and portions of the Riscor business, Brolink will in future support additional IT platforms. This allows for further opportunities to expand,” adds Webber.
“We are quite sure that with Brolink supporting our back end services, we will be positioned to further enhance our product and service offerings to our clients and we look forward to working with the Brolink team,” concludes Olyott.