STRONGER TOGETHER
Working in partnership with the best.
To bring the benefits of mutuality to life, PPS Mutual has partnered with NobleOak Life Limited to insure the product, PPS South Africa to administer the product, and one of the world’s largest reinsurers.
PPS South Africa (PPS)
Formed in 1941, PPS is today the largest financial services company in South Africa operating under the mutual model.
PPS has made Profit Share allocations to its Members of $2.7 billion over the last 10 years to 31st December 2019.
NobleOak has appointed PPS South Africa to be the administrator of PPS Mutual Professionals Choice. All Member data is stored in Australia.
Reinsurer
Our reinsurer is a leading international provider of reinsurance capital and risk expertise.
They are one of the two largest reinsurers in the world.
They provide Product, Pricing, Claims and Underwriting support to PPS Mutual as well as capital relief and insight into global best practices.
NobleOak
NobleOak is the Insurer of PPS Mutual Professionals Choice. NobleOak is an Australian friendly society that was established in 1877. They are regulated by the Australian Prudential Regulation Authority (APRA) and hold an Australian Financial Services Licence issued by the Australian Securities and Investment Commission (ASIC).
PPS selected NobleOak to be the insurer of the PPS Mutual Professionals Choice product, as the benefit fund structure of friendly societies provides the flexibility for the profit sharing arrangements under the PPS Mutual Professionals Choice product.