OVERVIEW
Centriq has dedicated to transforming children’s lives especially at the ‘grass roots’ level. Since 2009, Centriq has partnered with Play with a Purpose Educational Trust t/a Preschools 4 Africa – a well-established NPO – with a focus on children’s education; more specifically early childhood development and the support of their practitioners. Via this partnership, Centriq has adopted a number of preschools – Thembelihle Day Centre in Orange Farm; Kopano Day Care in Zandspruit; Ethandweni Preschool in Cosmo City, Salvation Day Care in Tshepisong. Additionally Centriq has sponsored a teacher training programme through Preschools 4 Africa for preschools in Braamfischerville, Orange Farm, Tshepisong, Zandspruit, and Cosmo City. With the extra support, care and nurturing, these schools can now stand on their own feet and we can begin fulfilling the much-needed objectives of a new area.
We can and will change this country – one school and one child at a time.
The first party cell captive as a risk management technique
Click here to watch a snippet of the Interview. Alfons van der Vyver Executive Head: Risk Finance Solutions at Centriq Insurance Company Limited is talking about a very interesting concept of cell captives, but more particular about first party cell captives, which is...
CSI – Help raise EGG-STRA for Easter
Centriq staff decided to work together to help make Easter special for some of the kids in the less fortunate areas by collecting and donating Easter eggs to Play-with-a-Purpose to be distributed to some of the schools. Centriq was able to reach out to 23 schools...
An exciting time for UMAs
COVER: Centriq is very much a big player in the UMA market, focusing on specialist underwriters. Can you give us your observations on the UMA environment at the moment? Martin: When it comes to UMAs you can usually see the...
Stretching the limbs of the cell captive
The concept of a first party cell captive is not new, but over the years it has proven to be highly resilient as a risk management tool, regardless of fluctuations in market conditions. The Covid-19 pandemic has in many ways tempered, and probably prolonged, an...
The use of a first party cell captive as risk retention mechanism
WE ARE OFTEN ASKED TO EXPLAIN CELL CAPTIVE STRUCTURES AND WHY OR HOW THEY ARE UTILISED BY BUSINESSES.A cell captive is simply a preference share (or B-class ordinary share) issued by a suitably licenced insurer to the preference share holder. The preference share is...
The relevance of Cell Captive in today’s insurance market
Structure and nature of the cell The cell is owned and controlled jointly by the client and the cell captive insurer. It is brought to life through a contractual relationship formed by the insurer, and a separate class of preference shares issued to the cell owner,...
STRUGGLING FOR CORPORATE CAPACITY
In current market conditions, a personalised alternative risk transfer (ART) strategy may just be what your company needs, explains Alfons van der Vyver, executive head of risk finance solutions at Centriq Insurance. Don’t forget the options and benefits presented by...
Peter Jennett, CEO of Centriq Insurance
Cell captives help to stimulate the economy, says Peter Jennett, Centriq CEO, during his interview with Risk Africa TV at the 2018 IISA Conference in Sun City https://youtu.be/H3t7VvzUpLk
Stand out strategies: Centriq
The major events in 2017? The industry suffered significant underwriting losses: the Knysna fires, Durban storms and many large single-fire events. This has had a material effect on industry loss ratios, with the bulk of the burden being picked up by the reinsurance...
POPI paint by numbers: a practical guide to compliance
As society moves towards an information rich world, the way that we interact with each other, and do business, has fundamentally changed. The way that we interact with businesses has also changed. Big Data has become a key ingredient to success, but with this new...