GENRIC Insurance Company Limited is a market leader focused on bringing innovative and niche insurance solutions to market by partnering with specialist underwriting management agencies (UMAs), start-up businesses, InsurTech innovators and brokers. 

We know that past successes don’t always guarantee future success in today’s evolving risk landscape. This is why we continue to innovate our business model by working with specialist partners to bring unique niche insurance solutions to market that solve pressing risk challenges. 

GENRIC Insurance Company

As a leading insurer, GENRIC provides risk-financing facilities to start-up businesses and entrepreneurs with an insurance business concept to participate in the insurance market. Our partner model means that product innovators retain control of their business while participating in the economic benefits of insurance, at lower cost and with fewer compliance hurdles than having to secure a full insurance licence of their own.

Our objective is to be the insurance partner of choice that provides growth and structured processes and operational alignment that facilitate the success of our business partners, retaining the individuality, unique skills, innovation mindset and customer centricity needed to provide an excellent service and more competitive premiums to brokers and clients.

We focus on developing unique models of managing the integration of our systems and data, ensuring alignment with regulatory requirements and future proofing our shared business models for success. We strive to be the preferred insurance partner, creating sustainable value for all our stakeholders.

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Meet the team

MC du Toit
Chief Executive Officer
Cornel Schoeman
Chief Operating Officer
Chris Pretorius
Chief Claims & Underwriting Officer
Werner Strydom
Chief Financial Officer
Stuart Forbes
Chief Risk & Compliance Officer
Carl Moodley
Chief Information Officer
Monique Hoffman
Chief Analytics Officer

Non-Executive Directors

N de Villiers
PL Marais
GJ Serfontein
G Napier
J Anthonyrajah
T Naidoo