At PARTNER RISK, we firmly believe in a three-way partnership: Client – Broker – Insurer, where shared success benefits everyone involved.

The “PayBack” undertaking is a low-claims-bonus carefully calculated by actuaries. It’s specifically designed to reward eligible clients by funding investments in risk management improvements.

Think of it as an “out” bonus, administered by PARTNER RISK, for the exclusive benefit of your clients.

The PARTNER RISK Risk Appetite Indicator App provides brokers with quick and easy access to our risk appetite, so you can quickly determine whether we are likely to accept a particular risk and how much capacity we have are able to deploy.

This information can help you to:

1. Pre-qualify risks:

Save time and effort by quickly identifying risks that are unlikely to be accepted by PARTNER RISK.

2. Provide accurate and timely feedback to your clients: 

Be confident in your ability to provide your clients with accurate and timely information about our risk appetite.

3. Build stronger relationships with your clients:

Demonstrate your expertise and commitment to your clients by providing them with the information they need to make informed insurance decisions.

How the app works:

To use the app, simply enter the details of your insured risk. The app will then return a response within 24-hours, indicating whether we are inclined to consider accepting the risk and how much capacity we are able to deploy.

Capacity:

The insurance capacity we have available for a particular risk refers to the maximum amount of indicative capacity we are able to deploy to your insured risk. This amount may be limited by a number of factors, such as the type of risk, the size of the risk, and our overall risk appetite.

A Threshold Claims Ratio (TCR) calculator is a crucial element in calculating the Payback. It involves actuarial calculations for each client, factoring in non-claim components of the written premium, which include the capital cost. The TCR calculator plays a central role in determining the Payback for qualifying insured clients.

Our principal insurer, Guardrisk, has received credit ratings from the renowned international ratings agency, Moody’s Investor Service, who has assessed three companies within the Guardrisk Group. Guardrisk Insurance and Guardrisk Life both hold a Baa3 rating on the global scale Insurance Financial Strength (IFS) and an Aaa.za rating on the national scale IFS. Additionally, Guardrisk International has been rated Baa3 on the global scale.