The PPS sustainable business model has three cornerstones which underpin the Group strategy.
The graduate professional market in South Africa has the highest levels of employment in the country (the unemployment rate is 3% for holders of a degree compared to 50% for those without matric) and consequent affordability levels of financial services products.
As a result, this market segment is highly sought after by PPS’ competitors. In order to maintain and grow our share of professionals’ investment in financial service products, PPS relies on its mutuality model as well as product innovations, competitive premium rates, service excellence and efficient cost structures.
Our key strategic priorities are:
|OUR STRATEGIC PRIORITIES FOR 2015 AND BEYOND||KEY MANAGEMENT ACTIONS 2015 – 2017|
|Mutuality||Maintain our status as a mutual|
|Continue to grow our brand awareness|
|Continuously enhance product offerings, ensuring that we provide appropriate products to members|
|Drive focus on service excellence to members|
|Engage with students using innovative approaches|
|Group sustainability||Meet our members’ insurance and savings needs by offering a full suite of products through our Group companies|
|Drive operational efficiencies across all the PPS Group companies|
|Drive organic growth in all our subsidiaries|
|Ensure that the mutual model remains compliant with regulation|
|Distribution||Grow membership through the growth of our tied distribution force|
|Focus on growing our share of the independent broker market business|