A composite insurance licence that allows life and non-life insurance products to be written out of the same licence and cell.
The guiding principle behind microinsurance is to offer no-frills, yet innovative, insurance products in dedicated segments and markets. A microinsurance cell captive gives businesses and entrepreneurs access to the benefits of owning, controlling and managing their own insurance facility; and provides consumers access to innovative, custom designed insurance products that offer value for money.
The ideal vehicle to fast-track transformation in the insurance sector.
Simplified capital and solvency requirements.
We provide technical support including – actuarial, finance and internal audit. As well as expertise in all areas of the insurance value chain.
Suitable for a large range and variety of businesses; from a large retailer or fintech company selling customised insurance products, to a new entrepreneur entering the industry. The main limitation is that the cover provided falls within specific limits: R400 000* for Non-Life insurance and R133 000* for Life insurance.
* Subject to annual inflationary adjustments
Non-life (personal lines only)
Life Products
