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
Mining process (including smelters & furnaces)
Leisure & tourism, hotel & lodge groups
Infrastructure (airports, ports, water supply & electricity suppliers)
Political & non-political riot, strike & civil commotion, including terrorism & war if required
State & municipal entities (with or without power generating plants)
Industrial manufacturing & engineering works
Industrial food & agriculture processing
Conventional power generation
Mining (including underground risks)
Large retail & property portfolios
Freight & passenger rail entities (including stations & rolling stock)
Telecommunications (fixed & mobile networks)
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