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.
Count down to RDR implementation
While some sees this in a positive light, there is no time to sit back and do nothing. The time should be used to review the principals of RDR and the impact it will have on your business. FAnews asked a few people in the industry what brokers and advisers can do to...
Centriq harvesting the field
Cover spoke to Gareth Beaver, CEO, Centriq Insurance about the past decade and their growth from zero to now. Centriq Insurance is turning 10 this year… And a successful 10 years that is, because they are reaping the fruits of their labour, persistence, resilience,...
Back to the future for UMAs
Stef Theofanidis, managing directors of Hollard Insurance Partners, says this hurt the insured, as to some degree conflict of interest arose when the agent of the insured (the broker) was replacing the function of the UMA (the agent of the insurer). “Binder...
Centriq participate in Daredevil run
Walking alongside the road wearing nothing more than a purple speedo is probably one of the boldest and most daring things a guy can do. Well, not for the men of Centriq Insurance who participated on Hollard’s Daredevil run recently to create awareness around prostate...
Eenie-meenie-miney-mo
South African insurers often have financial interests in multiple UMAs. To debate whether this trend benefits the market or not, one first and foremost needs to have a basic understanding of what it means for an insurer to own or support a UMA. Pieces of the puzzle A...
Unique Centriq
The second floor of The Oval, in the west wing of the Wanderers Office Park in Johannesburg, has been home to specialist insurers Centriq has called it ‘home’ for just over a year and a half now. In the company’s search for new office space and a place where they can...
A rosy future for specialist UMAs
Specialist underwriting managers have become an important component of the South African insurance landscape. They differ from the UMAs who provide conventional commercial and personal lines cover in that they offer a wide range of expertise on a variety of covers...
Centriq and Nautical make going to school cool
Centriq Insurance joined forces with Karabo Rasebopye from Nautical Under-writing Managers to provide children with the essential stationary they need to make going to school cool. Happy faces all around as the children received their goodie bags.
UMAs fill colourful space in SA insurance market
The underwriting management agency (UMA) concept is uniquely South African. Where similar structures are encountered in other parts of the world they are typically referred to as underwriting and claims binder facilities. In the simplest possible terms a UMA is an...
The impact of regulation on UMAs
With the regulatory environment becoming more complex, underwriting management agencies (UMAs), in particular, are feeling the pressure. Long-standing business models need to be reassessed to incorporate ‘Twin Peaks’ and Treating Customers Fairly (TCF), amongst...