King Price Insurance

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King Price Insurance
Privately owned
IndustryInsurance
Founded2012
FounderGideon Galloway
HeadquartersWaterkloof Glen,
Pretoria
,
South Africa
Key people
Gideon Galloway, CEO
Websitewww.kingprice.co.za

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, 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]

Awards[edit]

King Price won dual awards for Best Short-Term Insurer and Best Overall Newcomer in the 2013 South African Service Awards.

References[edit]

  1. ^ a b Maarten Mittner (15 June 2012). "Short-Term Insurance". Financial Mail. Retrieved 6 March 2014.
  2. ^ Jonathan Greig (7 November 2013). "South African insurers missing a trick, says Google". BDlive. Retrieved 6 March 2014.
  3. ^ Hanna Barry (6 March 2015). "Insurers are inflating premiums, says King Price". Retrieved 6 March 2014.
  4. ^ "2013 Winners". Retrieved 6 March 2014.
  5. ^ Nadine Todd. "When the Price is Right: We Chat to Gideon Galloway from King Price". Entrepreneur Magazine. Retrieved 6 March 2014.
  6. ^ Dean Oelshig (20 November 2014). "The best brands solve the simplest problems". Retrieved 6 March 2014.
  7. ^ "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.
  8. ^ "King Price recruits 10000 clients since launching". Financial Mail. 12 December 2012. Retrieved 6 March 2014.
  9. ^ "King Price Join the SAICB". SAICB. Retrieved 6 March 2014.
  10. ^ "King Price Insurance". Money Smart. 18 November 2012. Archived from the original on 4 November 2013. Retrieved 6 March 2014.
  11. ^ "King Price Insurance claims lowest car premiums". The Sowetan. 16 July 2012.

External links[edit]