Specialist Underwriting Services

Clients-Success
Our clients’ success determines our own. 

From innovative insurance solutions to tailor-made offerings PARTNER RISK, specialist underwriting services, help you to achieve a more sustainable business.

Our specialised solutions are responsible, reliable and relevant and coincide with our values and vision to deliver the best for our clients.

In line with our 3 pillars of success, our offerings were crafted around the notion with our clients in mind every step of the way in order to deliver unrivalled service to our clients.

At PARTNER RISK, our services go beyond the norm and into providing innovative insurance solutions to public and private sector entities in the Southern African region.

Our clients’ success determines our own. 

From innovative insurance solutions to tailor-made offerings PARTNER RISK, specialist underwriting services, help you to achieve a more sustainable business.

Our specialised solutions are responsible, reliable and relevant and coincide with our values and vision to deliver the best for our clients.

In line with our 3 pillars of success, our offerings were crafted around the notion with our clients in mind every step of the way in order to deliver unrivalled service to our clients.

At PARTNER RISK, our services go beyond the norm and into providing innovative insurance solutions to public and private sector entities in the Southern African region.

Our Underwriting Services

Our services work for you by taking an innovative approach coupled with a unique offering that helps companies effectively mange their risk. Our specialist experts are passionate about providing solutions that are serious about risk management.

With the purpose of creating sustainable risk and insurance solutions, we believe in creating real value for our clients by delivering on our promises and striving to create strong, long-lasting and profitable relationships with respected industry partners and customers.

Try our in-house built Risk Appetite Indicator & Threshold Claims Ratio (TCR) calculator.

Our success is your success and our offerings speak directly to the notion of assisting our clients in achieving more sustainable businesses.

Whether you’re a new business or been around the block for a good couple of years, PARTNER RISK has the tailor-made insurance solution that you need to become a sustainable business.

PARTNER RISK is proudly underwritten by Guardrisk Insurance Company Limited. For any enquiries, please get in touch with us for more information on our sustainable risk and insurance solutions.

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Property insurance coverages

We offer customised insurance policies for commercial clients, only through intermediaries, which provide protection in the event of certain losses suffered to their income statement and balance-sheet. These losses include property damage and consequential loss of income (or increased operational costs) caused for example by:

  • Fire & allied peril events
  • Machinery and electronic equipment breakdown

These additional covers may also be arranged concurrently with the above up to agreed limits:

  • Accidental damage
  • Theft
  • Incidental transit
  • Glass cover
  • Money
  • Business All Risks for portable equipment cover
  • Incidental construction risks (CAR)

The type of insurance policies are constructed to suit the needs of our clients. These may be referred to as:

  • Assets All Risks
  • Seamless All Risks
  • Multi-peril or commercial
  • Buildings Combined
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Motor vehicle insurance coverages

We offer Motor insurance policies as an add-on if the property of our client are insured by us.

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SASRIA insurance coverages

Where we are the lead or sole insurer on the property and/or motor insurance policies, then we automatically offer assistance with the purchase of SASRIA insurance policies to protect the client in the event of damage to property or vehicles and consequential loss of income, caused for example by:

  • Riots
  • Political civil unrest
  • Civil commotion

Our insurance solutions are different

Our solutions are aimed at a middle commercial market, i.e. clients with combined property/business interruption exposures between ZAR 100,000,000 and ZAR 750,000,000 (VAT exclusive) at their main business premises.

A good estimation of this target market would be a client with Turnover between ZAR 500 million and ZAR 1bn.

Payback undertaking

In addition to standard industry practices of premium payment terms, e.g.

  • Minimum and deposit premiums
  • Burner premium tranches
  • Continuity premium discounts
  • Aggregate deductible and loss limit discounts on premiums
  • Annual or Monthly premium payments
  • Premium financing (through our principal insurer, Guardrisk Insurance Company Limited)

We also offer a low-claims-bonus (Payback) feature in our insurance policies. If our client’s claims do not exceed a pre-determined level (Threshold Claims Ratio “TCR”) specified as an endorsement to the policy, then a specified amount up to 5% of annual premium is set aside for risk mitigation.

The amounts are typically applied to enterprise-wide risk management improvements, e.g. risk assessments for the client, fire mitigation training or change management initiatives.

However, this undertaken is not offered if we do not issue the policy as the lead insurer.

The benefits to our clients include:

  • Additional funding for risk mitigation to supplement client maintenance and improvement budgets
  • Better understanding by the insurer of the client’s key risk areas and controls
  • Optimal structuring and pricing of the client’s insurance policy.

Risk Management

In addition to standard industry practices (risk surveys), PARTNER RISK conduct bespoke risk mitigation plans to improve our clients’ risk management profiles.

This benefits our clients with;

  • Lower maximum loss estimates
  • Lower cost of insurance
  • Better preventative measures against losses happening

These risk management interventions are discussed and agreed with your appointed broker and may be funded jointly by the client and the insurer.

CALL US

+27 (0) 87 742 3035

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