ONE Insurance Underwriting Managers (Pty) Ltd underwrites on behalf of Mutual & Federal Risk Financing Limited, a wholly owned subsidiary of Old Mutual.
Mutual & Federal Risk Financing Limited is rated AAA by Fitch for National Insurer Financial Strength.
ONE is a member of ONE Financial Services Holdings (Pty) Ltd, a financial services group providing insurance, technology and risk management services to the insurance market.
Through its fully mandated regional offices backed by integrated web-based technology, ONE provides a wide range of insurance solutions to its Policyholders through a nationwide network of Intermediaries.
24hr on-line service supported by direct access to local decision makers, re-defines the service levels available to Intermediaries and Policyholders.
Established in 1996 as a specialist Heavy Commercial Vehicle underwriter for ABSA, the company was purchased by new management in 2005 at which time the premium written was R50m. The new management embarked on an aggressive strategy to modernise the business and accelerate growth by accumulating the necessary skills, resources and businesses to position itself as a leading provider of all classes of insurance.
ONE is a leader in insurance technology and is recognised for its innovation and entrepreneurial approach. By combining this with long-term partnerships with well-respected brands such as ABSA, RMB and, more recently, Old Mutual, the business has grown substantially generating nearly R2 billion in premiums annually.