Emerald specialises in solution driven insurance products for corporate policy holders

Emerald Risk Transfer (Pty) Ltd is a leading provider of corporate property and associated engineering insurance products on the African continent. Established in 1999, Emerald continues to offer solution driven insurance products to corporate policyholders throughout Africa, including the Indian Ocean Islands.

Emerald is headquartered in Johannesburg, South Africa and regulated by the Financial Sector Conduct Authority (FSCA), and has a representative office in London regulated by the Financial Conduct Authority (FCA).

Correct understanding and measurement of risk, appropriate reinsurance placement, accounting and effective claims management are all key to our underwriting approach.

Our ‘A’ Rated Security

In addition to Santam’s International Standard & Poors rating, Emerald is able to offer A rated security through a binding authority from New Reinsurance Company Ltd (NewRe), whereby Emerald may use their international Standard & Poors AA- credit rating to write inwards reinsurance business. NewRe is registered in Zurich, Switzerland and is a wholly owned subsidiary of Münchner Rückversicherungs-Gesellschaft (Munich Re).

Risk Appetite & Capacity

Emerald's current capacity per risk is ZAR1.5 billion based on policy loss limit in South Africa and Namibia.

Teh current capacity per risk is USK 150 million or local currency equivalent on a limit of liability basis for the rest of Africa (Excluding South Africa and Namibia)

For multinational corporations up to 25% of the total insured value per additional territory situated outside of Africa can be included.  For certain territories this increases to 35%.


Strong GWP Growth
Consistent Net Underwriting Margin
Sustainable Net Loss Ratio


ZAR in Million


for year ending 31 December 2021

Examples of risks insured

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