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.

Key benefits:

All the benefits of a Guardrisk cell captive, within a microinsurance licence.

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.

Client profile:

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 only limitation is that the cover provided falls within specific limits: R300 000 for non-life insurance and R100 000 for life insurance.

Products offered include:

Non-life (personal lines only)

  • Motor
  • Property
  • Agriculture
  • Legal expense
  • Consumer credit
  • Accident and health
  • Reinsurance

Life Products

  • Death and Disability
  • Funeral
  • Credit life
  • Reinsurance

Why choose a Guardrisk Microinsurance cell?

  • You can write both life (up to R 100 000 per life assured) and non-life (pp to R 300 000 per policy) business
  • You can develop tailormade product solutions relevant to your customer base
  • As the cell owner you retain all profits based on cell performance
  • We provide technical support – actuarial, finance, internal audit
  • We provide expertise in product design, pricing, underwriting, legal and compliance, claims and complaints handling

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