Specialist Underwriting Services
Our Commitment to Success
At PARTNER RISK, our success is intrinsically linked to the success of your clients. We are dedicated to providing innovative insurance solutions and tailor-made offerings through our specialised underwriting services, all with the aim of helping your clients ensure organisational resilience.
Specialised Solutions for Sustainable Success
Our specialised solutions are built on the principles of responsibility, reliability, and relevance. Aligned with our core values and vision, we are committed to delivering the best for your clients.
Our Three Pillars of Success
In accordance with our three pillars of success, our offerings are meticulously crafted with your clients at the forefront of every decision. We are unwavering in our dedication to providing unparalleled service.
Going Beyond the Ordinary
At PARTNER RISK, our services transcend the ordinary. We are dedicated to delivering innovative insurance solutions to commercial entities in the private sector across the Southern African region.
Innovative Underwriting Solutions
At PARTNER RISK, our underwriting solutions are designed to work for your clients. We take an innovative approach and offer a unique suite of solutions to help companies effectively manage their risks. Our team of specialist experts is deeply passionate about delivering serious solutions for risk management.
Creating Sustainable Solutions
Our mission is to create sustainable risk and insurance solutions that bring tangible value to your clients. We are committed to delivering on our promises and forging enduring and profitable relationships with esteemed industry partners and customers.
Explore Our Tools
Discover the power of our in-house Risk Appetite Indicator APP and Threshold Claims Ratio (TCR) Calculator. These tools are designed to empower you in managing your clients’ risks effectively.
Your Success is Our Success
At PARTNER RISK, your success is our driving force. Our solutions are tailored to support each client’s journey towards building organisational resilience, whether they’re a new enterprise or a seasoned player in the market.
Powered by Guardrisk
PARTNER RISK proudly operates under the underwriting expertise of Guardrisk Insurance Company Limited. For inquiries and more information about our sustainable risk and insurance solutions, please don’t hesitate to reach out to us.
Property Insurance
Our Property Insurance solutions are exclusively available through Brokers, and are designed to provide comprehensive protection to safeguard your clients’ property and profits. These insurance policies are highly customisable to meet the unique needs of your commercial clients.
Coverage includes protection against a range of potential losses, such as property damage and consequential loss, which may result from events including but not limited to:
- Fire and Allied Peril Incidents
- Breakdown of Machinery and Electronic Equipment
In addition to these primary coverages, we also offer the flexibility to arrange the following supplementary protections up to agreed limits:
- Coverage for Accidental Damage
- Protection against Theft
- Insurance for Incidental Transit Risks
- Glass Coverage
- Money Protection
- Business All Risks to cover portable equipment
- Insurance for Incidental Construction Risks (CAR)
Our insurance policies are meticulously crafted to align with the specific requirements of your clients. These may be categorised under various names, including:
- Asset All Risks
- Seamless All Risks
- Multi-Peril or Commercial Coverage
- Comprehensive Buildings Combined Policies
At PARTNER RISK, we prioritise your clients’ unique insurance needs, offering tailored Property Insurance solutions to fortify their financial security.
Multi-Peril Insurance
At PARTNER RISK, we understand that every client is unique, and their insurance needs can vary significantly. That’s why we offer Multi-Peril Insurance policies for those clients who prefer this comprehensive approach to coverage, often recommended by their trusted Brokers.
Our Multi-Peril Insurance policies are thoughtfully designed to provide all-encompassing protection, offering peace of mind in a single, unified package. We work closely with Brokers to ensure that their clients’ specific needs and concerns are addressed, crafting a policy that aligns with their requirements.
With Multi-Peril Insurance from PARTNER RISK, you can trust that your clients’ valuable property and interests are comprehensively safeguarded against a wide range of potential risks and challenges.
SASRIA Insurance
At PARTNER RISK, we take a proactive approach to safeguarding your clients’ interests. That’s why, when we serve as the lead or sole insurer on their property and/or multi-peril insurance policies, we automatically extend our commitment to protection, by offering assistance with the purchase of SASRIA insurance policies.
SASRIA insurance is designed to provide an additional layer of security in the face of unpredictable events.
It serves as a vital shield, ensuring that your clients are covered in the event of damage to property and consequential loss. Such events may include:
- Riots
- Political civil unrest
- Civil commotion
With SASRIA insurance from PARTNER RISK, your clients can navigate uncertain times with confidence, knowing that their assets and financial stability are well-protected.
Our Insurance Solutions are different
Customised Insurance Solutions
At PARTNER RISK, our insurance solutions are far from ordinary. We provide cover to the commercial market, catering to clients with combined property and business interruption exposures ranging from ZAR 300,000,000 to ZAR 1,300,000,000 (VAT exclusive) at their primary business locations. A typical client within this range often boasts a turnover between ZAR 500,000,000 and ZAR 1,500,000,000.
PayBack Undertaking
In addition to adhering to industry-standard premium payment terms, such as minimum and deposit premiums, burner premiums tranches, continuity premium discounts, aggregate deductible and loss limit discounts on premiums, and flexible annual or monthly premium payments, we go the extra mile. Through our principal insurer, Guardrisk, we offer a unique feature: the low-claims-bonus, also known as ‘’PayBack.’’
The PayBack Undertaking sets aside up to 5% of the annual premium to help policyholders make risk management improvements. If your client’s claims remain below a predetermined level, known as the Threshold Claims Ratio (TCR), specified as an endorsement to the policy, then these funds are utilised for enterprise-wide-risk management enhancements. This may include risk assessments, fire mitigation training, or change management initiatives.
Please note that this undertaking is exclusively available when we issue the policy as the lead insurer.
Benefits To Your Clients
The advantages of PayBack to your clients are manifold:
- Additional Risk Mitigation Funding: Clients receive supplementary funding for risk mitigation, bolstering their maintenance and improvement budgets.
- Enhanced Insurer Insight: The insurer gains a deeper understanding of the client’s key risk areas and controls, facilitating optimal policy structuring and pricing.
Risk Management
Beyond standard industry practices like risk surveys, PARTNER RISK conducts tailored risk mitigation plans aimed at enhancing your client’ risk management profiles. These interventions yield substantial benefits including:
- Lower Maximum Loss Estimates: Clients benefit from reduced estimates of potential losses.
- Cost-Efficient Insurance: Lower insurance costs due to improved risk profiles.
- Effective Loss Prevention: Enhanced preventive measures against potential losses.
These risk management initiatives are developed in consultation with appointed Brokers and can be jointly funded by the client and PARTNER RISK.
