Guardrisk is a corporate insurance company that belongs to the
Alexander Forbes stable. It takes a different approach to most insurance
companies that service corporate clients. Its business approach focuses on cell
captive insurance, which makes up the bulk of its methodology when servicing
clients. Beginning in South Africa in 1992, it essentially pioneered the cell
captive insurance market globally.
Guardrisk has an established and outstanding operating history. To add
more services to its initial basket of cell captive offerings, it formed an
actuarial team. Along the way it expanded into Namibia, Zimbabwe and further
afield in Mauritius. Its holding company also bought Euroguard Insurance, which
is a cell captive specialist company, operating out of Gibraltar. This effective
added a new geographic string to its bow, allowing it to start operating in
further flung financial services market.
On the Guardrisk website you can review all their products as well as access their financials and contact details
For those unfamiliar with the concept of cell captives, it works as follows.
A cell captive insurer concerns itself with underwriting, investment management
and the claims process. Often accounting services are also provided. Each client
company is treated as a cell, effectively insuring themselves. So instead of
taking out insurance with a third party company, clients form their own in-house
micro-insurance companies, transfering money to this entity in order to build up
a fund to cover insurance eventualities.
Guardrisk combines insurance with risk management in a 3-pronged manner.
Within this is a strong emphasis on insuring the areas around risk exposure.
Clients` positions are carefully evaluated, and on the basis of this solutions
are tailored to suit each client. Typically these solutions contain three core
aspects that cover the areas of predictable risk, preventative measures and
Throughout this process, Guardrisk has received accolades for the way it runs
its business and for the services it offers. PriceWaterhouseCooper`s illustrious
South African financial services survey place it as the "top alternative risk
transfer" insurer in 2006. It has held A+ financial strength ratings for 3 years
in a row. Guardrisk had the honour of being named the top captive insurance
group in world for the year 2005.
- Admed Gap & Admed Pulse
Both products cover various means of shortfall between medical practitioners
fees and the National Reference Price List tariff
- The Guardrisk Actuarial Team
Analyse both insurance and non-insurance related risks for your company.
- The Finite Risk Programme
This programme matches an organisations assets against its liabilities in
order to stabilise cash flow, increase insurance cover, and other
- Mining Rehabilitation Guarantees
Guarantees and financial planning for the environmental rehabilitation of
land for mining.
- Life Cover
A range of life assurance products
- Underwriting facilities
Underwriting of various financial risk situations
BEE AND CSI INFORMATION
Guardrisk rates as a level five contributor on the Empowerdex rating system.
Alexander Forbes Place,
90 Rivonia Road,
PO Box 786015,
Tel: 011 669 1000
Fax: 011 669 1931