ABOUT US
As a leading insurer, GENRIC provides risk financing facilities to UMAs, start-up InsurTech businesses, brokers and entrepreneurs with an insurance business concept to participate in the insurance market.
ABOUT US
As a leading insurer, GENRIC provides risk financing facilities to UMAs, start-up InsurTech businesses, brokers and entrepreneurs with an insurance business concept to participate in the insurance market.
WHO WE ARE
GENRIC Insurance Company Limited was founded in 2005 with a focus on bringing innovative and niche insurance solutions to market by partnering with specialist underwriting management agencies (UMAs), start-up businesses, InsurTech innovators and brokers.
As a fundamentally entrepreneurial business, 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 the world’s most pressing risk challenges.
WHO WE ARE
GENRIC Insurance Company Limited was founded in 2005 with a focus on bringing innovative and niche insurance solutions to market by partnering with specialist underwriting management agencies (UMAs), start-up businesses, InsurTech innovators and brokers.
As a fundamentally entrepreneurial business, 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 the world’s most pressing risk challenges.
- OUR MISSION
To offer innovative and niche insurance solutions to the Southern African market by partnering with specialist financial services providers, start-up businesses, insureTech innovators & brokers, while empowering them to build resilient businesses.
Our philosophy of continuous improvement through innovation, and our strive for excellence enables us to act with passion, integrity, and transparency to identify areas of strategic focus. To achieve this, we invest in our employees – our most valuable resource – and provide our consumers with the best service and value possible.
- OUR VISION
To be recognised as the innovative, unconventional and agile insurer that disrupts with intelligence and integrity.
- OUR VALUES
Resilient
Entrepreneurial
Passionate
Integrity
Teamwork
- OUR MISSION
To offer innovative and niche insurance solutions to the Southern African market by partnering with specialist financial services providers, start-up businesses, insureTech innovators & brokers, while empowering them to build resilient businesses.
Our philosophy of continuous improvement through innovation, and our strive for excellence enables us to act with passion, integrity, and transparency to identify areas of strategic focus. To achieve this, we invest in our employees – our most valuable resource – and provide our consumers with the best service and value possible.
- OUR VISION
To be recognised as the innovative, unconventional and agile insurer that disrupts with intelligence and integrity.
- OUR VALUES
Resilient
Entrepreneurial
Passionate
Integrity
Teamwork
BUILDING PARTNERSHIPS
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 enable product innovators to 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 OBJECTIVES
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.
INTEGRATION MODEL
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.
- OUR MISSION
To offer innovative and niche insurance solutions to the Southern African market by partnering with specialist financial services providers, start-up businesses, insureTech innovators & brokers, while empowering them to build resilient businesses.
Our philosophy of continuous improvement through innovation, and our strive for excellence enables us to act with passion, integrity, and transparency to identify areas of strategic focus. To achieve this, we invest in our employees – our most valuable resource – and provide our consumers with the best service and value possible.
- OUR VISION
To be recognised as the innovative, unconventional and agile insurer that disrupts with intelligence and integrity.
- OUR VALUES
Resilient
Entrepreneurial
Passionate
Integrity
Teamwork
BUILDING PARTNERSHIPS
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 enable product innovators to 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 OBJECTIVES
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.
INTEGRATION MODEL
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.
Our leaders are passionate about building a great company and a can-do culture where our people see and embrace their role and value in the business, and are empowered to deliver winning solutions for our clients.
MEET THE TEAM
Our leaders are passionate about building a great company and a can-do culture where our people see and embrace their role and value in the business, and are empowered to deliver winning solutions for our clients.
MEET THE TEAM
MEET THE TEAM
MC is a distinguished Chartered Accountant (CA) with a rich history in the insurance industry and stands as a beacon of leadership and expertise. Serving as a founding member of GENRIC since its inception in 2005, he has played a pivotal role in shaping the company’s trajectory and success.
MC embarked on his journey in the insurance domain in 1998, marking the beginning of an illustrious career that has been marked by unwavering dedication and remarkable achievements. With a solid foundation in financial acumen and strategic insight, he navigated through the complexities of the industry with finesse.
Prior to his tenure at GENRIC, he adorned various executive and leadership positions in prominent organisations, honing his skills and accumulating a wealth of executive management experience along the way, demonstrating an entrepreneurial flair throughout. Notably, he served as the CEO of Coin Security Group, where he spearheaded initiatives that propelled the company to new heights of success.
MC’s journey as a Chartered Accountant commenced at Deloitte, where he laid the groundwork for his illustrious career. He later ascended to the position of partner at a mid-sized firm of chartered accountants and auditors, further solidifying his expertise in financial management and governance.
Today, MC continues to inspire and lead, leveraging his extensive executive management experience to drive GENRIC towards unparalleled growth and innovation. With a steadfast commitment to excellence and a visionary approach, he exemplifies the essence of leadership in the insurance landscape.
Cornel is a seasoned professional with a diverse background in entrepreneurial ventures and a robust career in insurance, bringing a wealth of experience to the realm of operations. As the Chief Operating Officer, he plays a pivotal role in steering the operational excellence of the company while focusing on driving business growth and cultivating strategic partnerships.
Cornel’s academic credentials further bolster his professional expertise. He holds an MBA from the University of Wales. Transitioning into the realm of entrepreneurship, Cornel ventured into the monarchy of Information Technology (IT), establishing a series of successful businesses. Notably, he spearheaded a venture as an SAP partner, focusing on the implementation of Enterprise Resource Planning (ERP) systems, a testament to his acumen in harnessing technology to drive operational efficiency.
The trajectory of Cornel’s career took an intriguing turn following his involvement in implementing an ERP system for a cash-in-transit client. Recognising the unique challenges and intricacies of the sector, discussions naturally evolved towards the necessity for a specialised cash-in-transit insurance solution. This marked his maiden voyage into the insurance industry, igniting his passion for addressing complex challenges and fostering innovation. It was here that the seeds of a new insurance venture were sown, propelled by his visionary leadership and strategic foresight.
Today, as the Chief Operating Officer, Cornel channels his wealth of experience and entrepreneurial spirit to drive business growth and cultivate meaningful relationships with partners. With a relentless commitment to innovation and strategic collaboration, he stands at the forefront of shaping the future of the insurance landscape.
Chris brings over two decades of executive-level experience and a wealth of expertise in insurance and risk management to his role as the Chief Underwriting and Claims Officer.
With a diverse background encompassing underwriting, claims management, and the oversight of various Underwriting Management Agencies (UMAs) and insurance business lines, Chris plays a pivotal role in shaping the underwriting and claims strategies of the GENRIC Group.
With a steadfast commitment to excellence, Chris oversees Portfolio Management, Claims, and Underwriting operations across the GENRIC Group, leveraging his extensive experience and strategic insight to drive optimal outcomes. His involvement in managing the Polygon and Lynx Portfolios underscores his hands-on approach and his dedication to maximising value for stakeholders.
Chris is not only dedicated to delivering exceptional results but also to nurturing the talent within the company, ensuring that individuals reach their full potential. His leadership style is characterised by mentorship, empowerment, and a relentless pursuit of excellence, fostering a culture of continuous growth and development within the team.
A highly qualified professional, Chris holds Bachelor of Commerce degrees in Insurance along with Honors, providing him with a solid academic foundation for his career in the insurance industry. Furthermore, he is recognised as a Fellow Member of the Insurance Institute of South Africa, a testament to his expertise and contributions to the field.
Driven by a passion for innovation and a commitment to driving positive change, Chris stands at the forefront of underwriting and claims management, guiding the GENRIC Group towards sustained success and growth in a dynamic and evolving market landscape. With a relentless commitment to innovation and strategic collaboration, he stands at the forefront of shaping the future of the insurance landscape.
Werner is a seasoned financial professional with a remarkable career trajectory within the insurance industry. His journey began in February 2010 when he joined GENRIC as an accountant, marking the inception of a dynamic and rewarding career path.
Since joining GENRIC, Werner has demonstrated exceptional dedication and proficiency in various roles, each contributing to his comprehensive understanding of finance and accounting within the insurance sector. From his initial role as an accountant, Werner progressed through positions such as Risk Officer and Internal Auditor, consistently showcasing his expertise in financial management and strategic oversight.
In 2015, Werner was appointed as the Chief Financial Officer (CFO), a role that has evolved in tandem with the growth and strategic direction of GENRIC’s business. As CFO, Werner assumes responsibility for the financial well-being and position of the entire group, serving as the custodian of its financial health.
Werner’s academic credentials further underscore his proficiency and dedication to his field. He holds a Bachelor in Accounting Honors degree from the University of the Free State and qualified as a Chartered Accountant (CA SA) in 2010 after completing his articles at Ernst & Young Johannesburg.
Additionally, Werner has enhanced his expertise with a certificate in short-term insurance from UNISA, regulatory examination certificates for Key Individuals and Representatives (RE1 & RE5) under the FAIS Act, and a certificate in Enterprise Risk Management.
With a wealth of experience and a steadfast commitment to financial excellence, Werner plays an instrumental role in steering GENRIC towards continued success and growth in the insurance industry. His strategic vision and meticulous attention to detail ensure that the company remains resilient and well-positioned to navigate the complexities of the market landscape.
Stuart is a seasoned professional with a robust tenure in the short-term insurance industry, spanning over a decade. As the Chief Risk and Compliance Officer, Stuart brings a wealth of experience and expertise to the table, ensuring the company operates within regulatory frameworks while effectively managing risks.
Since 2005, Stuart has been an integral part of the short-term insurance landscape, traversing various roles that have equipped him with a comprehensive understanding of the industry’s intricacies. From underwriting to risk management and compliance, Stuart has navigated through diverse domains, demonstrating versatility and adaptability in his approach.
Stuart holds a Bachelor of Commerce Degree from the University of Pretoria, laying a solid academic foundation for his career in insurance. Furthermore, he has showcased his commitment to professional development by successfully completing the RE5 and RE1 examinations, attesting to his proficiency in regulatory compliance within the industry.
In addition to his academic achievements, Stuart holds various diplomas in Short Term Insurance, further enhancing his expertise and credibility in his field. These qualifications, coupled with his hands-on experience, empower Stuart to effectively identify, assess, and mitigate risks while ensuring adherence to compliance standards. Thanks to our partners, you can find online to suit every preference and budget, from budget to top-of-the-range super stylish models.
As the Chief Risk and Compliance Officer, Stuart plays a pivotal role in safeguarding the company’s interests and reputation. His strategic foresight and meticulous attention to detail enable him to proactively identify potential risks and implement robust compliance measures, thereby fostering a culture of integrity and accountability. Stuart’s dedication to excellence and his unwavering commitment to upholding regulatory standards make him an invaluable asset to the company, as he continues to steer it towards sustainable growth and success in an ever-evolving regulatory landscape.
Carl is a seasoned insurance professional with a profound understanding of the non-life insurance market, gained through years of experience across key business units. As the Chief Information Officer, Carl is dedicated to leveraging technology to drive innovation and enhance customer experiences.
Throughout his career, Carl has been driven by a passion for creating technology-driven solutions that prioritise customer needs and elevate industry standards. His focus on new business development, service delivery, and operationalising ideas through technology reflects his commitment to challenging the status quo and fostering a culture of continuous learning and growth within his team.
Prior to joining GENRIC, Carl held various roles in claims and compliance management, honing his expertise in navigating the complexities of the insurance landscape. Additionally, he served as a portfolio manager at one of the big four banks, where he gained valuable insights into risk management and financial operations.
Carl’s dedication to professional development is evident in his completion of an MBA, further enhancing his strategic and leadership capabilities. Since joining GENRIC, Carl has rapidly progressed through the ranks, showcasing his leadership abilities and strategic vision. From Portfolio Manager to Chief Compliance and Claims Officer, and then Chief Underwriting and Claims Officer, Carl’s trajectory exemplifies his ability to drive results and adapt to evolving challenges.
NON-EXECUTIVE DIRECTORS
PL Marais | GJ Serfontein | J Anthonyrajah | T Naidoo
MC is a distinguished Chartered Accountant (CA) with a rich history in the insurance industry and stands as a beacon of leadership and expertise. Serving as a founding member of GENRIC since its inception in 2005, he has played a pivotal role in shaping the company’s trajectory and success.
MC embarked on his journey in the insurance domain in 1998, marking the beginning of an illustrious career that has been marked by unwavering dedication and remarkable achievements. With a solid foundation in financial acumen and strategic insight, he navigated through the complexities of the industry with finesse.
Prior to his tenure at GENRIC, he adorned various executive and leadership positions in prominent organisations, honing his skills and accumulating a wealth of executive management experience along the way, demonstrating an entrepreneurial flair throughout. Notably, he served as the CEO of Coin Security Group, where he spearheaded initiatives that propelled the company to new heights of success. MC’s journey as a Chartered Accountant commenced at Deloitte, where he laid the groundwork for his illustrious career. He later ascended to the position of partner at a mid-sized firm of chartered accountants and auditors, further solidifying his expertise in financial management and governance.
Today, MC continues to inspire and lead, leveraging his extensive executive management experience to drive GENRIC towards unparalleled growth and innovation. With a steadfast commitment to excellence and a visionary approach, he exemplifies the essence of leadership in the insurance landscape.
Cornel is a seasoned professional with a diverse background in entrepreneurial ventures and a robust career in insurance, bringing a wealth of experience to the realm of operations. As the Chief Operating Officer, he plays a pivotal role in steering the operational excellence of the company while focusing on driving business growth and cultivating strategic partnerships.
Cornel’s academic credentials further bolster his professional expertise. He holds an MBA from the University of Wales. Transitioning into the realm of entrepreneurship, Cornel ventured into the monarchy of Information Technology (IT), establishing a series of successful businesses. Notably, he spearheaded a venture as an SAP partner, focusing on the implementation of Enterprise Resource Planning (ERP) systems, a testament to his acumen in harnessing technology to drive operational efficiency.
The trajectory of Cornel’s career took an intriguing turn following his involvement in implementing an ERP system for a cash-in-transit client. Recognising the unique challenges and intricacies of the sector, discussions naturally evolved towards the necessity for a specialised cash-in-transit insurance solution. This marked his maiden voyage into the insurance industry, igniting his passion for addressing complex challenges and fostering innovation. It was here that the seeds of a new insurance venture were sown, propelled by his visionary leadership and strategic foresight.
Today, as the Chief Operating Officer, Cornel channels his wealth of experience and entrepreneurial spirit to drive business growth and cultivate meaningful relationships with partners. With a relentless commitment to innovation and strategic collaboration, he stands at the forefront of shaping the future of the insurance landscape.
Chris brings over two decades of executive-level experience and a wealth of expertise in insurance and risk management to his role as the Chief Underwriting and Claims Officer.
With a diverse background encompassing underwriting, claims management, and the oversight of various Underwriting Management Agencies (UMAs) and insurance business lines, Chris plays a pivotal role in shaping the underwriting and claims strategies of the GENRIC Group.
With a steadfast commitment to excellence, Chris oversees Portfolio Management, Claims, and Underwriting operations across the GENRIC Group, leveraging his extensive experience and strategic insight to drive optimal outcomes. His involvement in managing the Polygon and Lynx Portfolios underscores his hands-on approach and his dedication to maximising value for stakeholders. Chris is not only dedicated to delivering exceptional results but also to nurturing the talent within the company, ensuring that individuals reach their full potential. His leadership style is characterised by mentorship, empowerment, and a relentless pursuit of excellence, fostering a culture of continuous growth and development within the team.
A highly qualified professional, Chris holds Bachelor of Commerce degrees in Insurance along with Honors, providing him with a solid academic foundation for his career in the insurance industry. Furthermore, he is recognised as a Fellow Member of the Insurance Institute of South Africa, a testament to his expertise and contributions to the field.
Driven by a passion for innovation and a commitment to driving positive change, Chris stands at the forefront of underwriting and claims management, guiding the GENRIC Group towards sustained success and growth in a dynamic and evolving market landscape. With a relentless commitment to innovation and strategic collaboration, he stands at the forefront of shaping the future of the insurance landscape.
Werner is a seasoned financial professional with a remarkable career trajectory within the insurance industry. His journey began in February 2010 when he joined GENRIC as an accountant, marking the inception of a dynamic and rewarding career path.
Since joining GENRIC, Werner has demonstrated exceptional dedication and proficiency in various roles, each contributing to his comprehensive understanding of finance and accounting within the insurance sector. From his initial role as an accountant, Werner progressed through positions such as Risk Officer and Internal Auditor, consistently showcasing his expertise in financial management and strategic oversight.
In 2015, Werner was appointed as the Chief Financial Officer (CFO), a role that has evolved in tandem with the growth and strategic direction of GENRIC’s business. As CFO, Werner assumes responsibility for the financial well-being and position of the entire group, serving as the custodian of its financial health. Werner’s academic credentials further underscore his proficiency and dedication to his field. He holds a Bachelor in Accounting Honors degree from the University of the Free State and qualified as a Chartered Accountant (CA SA) in 2010 after completing his articles at Ernst & Young Johannesburg.
Additionally, Werner has enhanced his expertise with a certificate in short-term insurance from UNISA, regulatory examination certificates for Key Individuals and Representatives (RE1 & RE5) under the FAIS Act, and a certificate in Enterprise Risk Management.
With a wealth of experience and a steadfast commitment to financial excellence, Werner plays an instrumental role in steering GENRIC towards continued success and growth in the insurance industry. His strategic vision and meticulous attention to detail ensure that the company remains resilient and well-positioned to navigate the complexities of the market landscape.
Stuart is a seasoned professional with a robust tenure in the short-term insurance industry, spanning over a decade. As the Chief Risk and Compliance Officer, Stuart brings a wealth of experience and expertise to the table, ensuring the company operates within regulatory frameworks while effectively managing risks.
Since 2005, Stuart has been an integral part of the short-term insurance landscape, traversing various roles that have equipped him with a comprehensive understanding of the industry’s intricacies. From underwriting to risk management and compliance, Stuart has navigated through diverse domains, demonstrating versatility and adaptability in his approach.
Stuart holds a Bachelor of Commerce Degree from the University of Pretoria, laying a solid academic foundation for his career in insurance. Furthermore, he has showcased his commitment to professional development by successfully completing the RE5 and RE1 examinations, attesting to his proficiency in regulatory compliance within the industry.
In addition to his academic achievements, Stuart holds various diplomas in Short Term Insurance, further enhancing his expertise and credibility in his field. These qualifications, coupled with his hands-on experience, empower Stuart to effectively identify, assess, and mitigate risks while ensuring adherence to compliance standards.
As the Chief Risk and Compliance Officer, Stuart plays a pivotal role in safeguarding the company’s interests and reputation. His strategic foresight and meticulous attention to detail enable him to proactively identify potential risks and implement robust compliance measures, thereby fostering a culture of integrity and accountability. Stuart’s dedication to excellence and his unwavering commitment to upholding regulatory standards make him an invaluable asset to the company, as he continues to steer it towards sustainable growth and success in an ever-evolving regulatory landscape.
Carl is a seasoned insurance professional with a profound understanding of the non-life insurance market, gained through years of experience across key business units. As the Chief Information Officer, Carl is dedicated to leveraging technology to drive innovation and enhance customer experiences.
Throughout his career, Carl has been driven by a passion for creating technology-driven solutions that prioritise customer needs and elevate industry standards. His focus on new business development, service delivery, and operationalising ideas through technology reflects his commitment to challenging the status quo and fostering a culture of continuous learning and growth within his team.
Prior to joining GENRIC, Carl held various roles in claims and compliance management, honing his expertise in navigating the complexities of the insurance landscape. Additionally, he served as a portfolio manager at one of the big four banks, where he gained valuable insights into risk management and financial operations.
Carl’s dedication to professional development is evident in his completion of an MBA, further enhancing his strategic and leadership capabilities. Since joining GENRIC, Carl has rapidly progressed through the ranks, showcasing his leadership abilities and strategic vision. From Portfolio Manager to Chief Compliance and Claims Officer, and then Chief Underwriting and Claims Officer, Carl’s trajectory exemplifies his ability to drive results and adapt to evolving challenges.
NON-EXECUTIVE DIRECTORS
PL Marais | GJ Serfontein | J Anthonyrajah | T Naidoo
Our leaders are passionate about building a great company and a can-do culture where our people see and embrace their role and value in the business, and are empowered to deliver winning solutions for our clients.
MC is a distinguished Chartered Accountant (CA) with a rich history in the insurance industry and stands as a beacon of leadership and expertise. Serving as a founding member of GENRIC since its inception in 2005, he has played a pivotal role in shaping the company’s trajectory and success.
Cornel is a seasoned professional with a diverse background in entrepreneurial ventures and a robust career in insurance, bringing a wealth of experience to the realm of operations.
Chris brings over two decades of executive-level experience and a wealth of expertise in insurance and risk management to his role as the Chief Underwriting and Claims Officer.
Werner is a seasoned financial professional with a remarkable career trajectory within the insurance industry. His journey began in February 2010 when he joined GENRIC as an accountant, marking the inception of a dynamic and rewarding career path.
Stuart is a seasoned professional with a robust tenure in the short-term insurance industry, spanning over a decade. As the Chief Risk and Compliance Officer, Stuart brings a wealth of experience and expertise to the table, ensuring the company operates within regulatory frameworks while effectively managing risks.
Carl is a seasoned insurance professional with a profound understanding of the non-life insurance market, gained through years of experience across key business units. As the Chief Information Officer, Carl is dedicated to leveraging technology to drive innovation and enhance customer experiences.
NON-EXECUTIVE DIRECTORS
PL Marais | GJ Serfontein | J Anthonyrajah | T Naidoo