Commercial and Industrial Acceptances (CIA) are a highly professional underwriting agency focusing exclusively on the insurance of fixed properties, such as buildings.
Commercial and Industrial Acceptances was established in 1999 in association with a subsidiary company of the Hannover Reinsurance Group, the forth largest reinsurer in the world.
CIA currently serves a wide range of policy holders, including:
- Office parks
- Retail shopping centres
- Bodies corporate
And their products include the following:
- Property owners combined
- Sectional title
- Houseowners all risks
- Retirement homes and timeshare resorts
CIA is an Authorised Financial Services Provider in terms of the Financial Advisory and Intermediaries Act (FAIS).
The Compass insurance company is the CIA’s risk carrier and is unique in the short-term insurance industry in that it only deals with underwriting managers. This means that they do not market their own products or brands nor do they seek business from the consumer.