Centriq is one of the new wave of South African insurance companies,
offering modern-edged products that are at the forefront of the latest trends
in insurance requirements and the provision to meet those needs.
Centriq Insurance Website
On the Centriq website you can find out more about the company and the range of specialised insurance products they provide.
Centriq, true to its name, puts the customer at the centre of the experience.
It`s this customer-centricity that is the first indication that you`re dealing
with a company whose thinking is in tune with modern trends. It has also, as
you`d expect of a latter-day South African company, taken an aggressive approach
to black empowerment. It was the first black empowered company in the risk management
sector, and is backed by a combination of Kagiso and Santam as majority shareholders.
The company focuses primarily on customising risk financing solutions for clients.
In addition it addresses affinity insurance requirements and manages insurance
underwriting on behalf of other insurance providers. It can count plenty of
blue chip companies amongst the clients for its services.
Affinity insurance is all about the collective insurance of large groups of
people who share common attributes among them. The company tailors solutions
to meet the needs of various and different shareholders who have common risks
and need to insure them. It provides a way for shareholders to share risks and
to derive the benefits of avoiding volatility and controlling costs.
Within this is the field of consumer protection insurance, another product
that the company offers. It`s particularly popular during times of increased
economic pressure, as it offers companies that have large customer bases protection
against bad debts - insurance of debtors books is part of the offering as well.
This is offered as a value-added service. A typical example of how it works
is a furniture shop that offers HP deals - it would take all-risk cover on goods
purchased by customers, as well as repayment insurance to cover themselves in
the event of customers being unable to make payments. This has the knock-on
effect of protecting both retailer and customer - the latter can keep the goods
and the former doesn`t lose out.
Also on offer are risk financing solutions, in the form of alternative risk
transfer, which includes underwriting risks, credit risks and timing risk cover.
These solutions can be tailored for individual companies.
- Risk Financing Insurance
Risk insurance for businesses
- Affinity Insurance
Risk insurance solutions for shareholder groups
- Consumer Protection Insurance
Repayment and debt insurance cover for businesses
BEE AND CSI INFORMATION
The first black empowered company in its insurance sector, with substantial
holdings from Kagiso. In terms of CSI the company makes significant contributions
to marginalised groups of people through professional organisations like Twilight
Street Children and Cotlands.
Tel: + 27 11 268 6490
Fax: + 27 11 268 6495
4 Fricker Road
PO Box 55674