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...

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,...

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...

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...

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...

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...

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 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.

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...

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...