{"id":141867,"date":"2016-10-31T15:55:00","date_gmt":"2016-10-31T13:55:00","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=141867"},"modified":"2016-10-31T15:55:00","modified_gmt":"2016-10-31T13:55:00","slug":"virgin-founder-branson-launches-new-business-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/141867\/virgin-founder-branson-launches-new-business-in-south-africa\/","title":{"rendered":"Virgin founder Branson launches new business in South Africa"},"content":{"rendered":"<p>Virgin Founder, Sir Richard Branson has launched a new business in South Africa, Virgin Money Insurance (VMI), through subsidiary Virgin Money South Africa.<\/p>\n<p>VMI is a partnership offering short term insurance products with global insurer American International Group, Inc. (AIG) in South Africa.<\/p>\n<p>Virgin Money South Africa first entered the domestic insurance market in 2010 in partnership with the Telesure Group.<\/p>\n<p>\u201cWhen the agreement came to an end we had an opportunity to totally reengineer the business,\u201d said Virgin Money&#8217;s\u00a0Rob Campbell. \u201cWe have now concluded a strategic partnership with AIG South Africa which gives us the capacity needed to develop customer-centric insurance products and services.\u201d<\/p>\n<p>The company claims to be different from its previous operation in the following ways:<\/p>\n<ul>\n<li>Virgin Money Insurance will meet the first requirement through the digital environment they have developed for customers.\u00a0 Customers will be able to apply for and receive a binding quote within under 5 minutes.<\/li>\n<li>An accident that is not your fault will not affect your pay out after three years \u2013 if you did not cause the accident you should not be punished<\/li>\n<li>The insurance will give you a replacement car that is the same as the one you own if you need to replace it<\/li>\n<\/ul>\n<p>&#8220;We\u2019re here to shake up the industry and create an outstanding customer experience,&#8221; said Branson who was in Cape Town for the launch.<\/p>\n<h3 class=\"my-4\">More on Virgin<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/lifestyle\/110247\/virgin-money-insurance-clients-moved-to-dial-direct\/\" target=\"_blank\"><strong>Virgin Money insurance clients moved to Dial Direct<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/general\/85169\/virgin-active-has-a-new-owner-in-sa\/\" target=\"_blank\"><strong>Virgin Active has a new owner in SA<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Virgin Founder, Sir Richard Branson has launched a new business in South Africa, Virgin Money Insurance (VMI), through subsidiary Virgin Money South Africa.<\/p>\n","protected":false},"author":10,"featured_media":110249,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[25],"class_list":["post-141867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/141867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=141867"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/141867\/revisions"}],"predecessor-version":[{"id":141879,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/141867\/revisions\/141879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110249"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=141867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=141867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=141867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}