Renasa’s History

Renasa was established in 1998 by the international Reliance National Group. Following its restructure in 2004, Renasa has developed into an A- rated short-term/non-life insurer servicing independent intermediaries and UMAs with a broad product range.

Renasa's Progress

Its national footprint and industry-leading technology has lead to steady growth over a number of years and an annualised gross premium income approaching R1.5 billion.

Renasa's Recognition

Between 2017 and 2019 the Financial Intermediaries Association (“FIA”) has twice judged Renasa to be the Commercial Insurer of the Year and twice judged Renasa to be the Personal Lines Insurer of the Year. On two occasions, once in the Commercial category and once in the Personal Lines category, Renasa has been a finalist in the FIA’s awards. Of the maximum potential of six awards for which Renasa was eligible between 2017 and 2019, Renasa has ranked ahead of all its competitors on five occasions. The surveys on which the awards are based are both independent and robust and judges insurers on equal footing in open company. Renasa’s performance in these awards emphatically confirms Renasa’s position among the industry’s leading insurers and its coming of age.

Read the latest thought leadership from Renasa

View all of the Renasa Insurance Company Limited Specialist UMAs

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1. VAPS Insurance Underwriters

VAPS Insurance Underwriters (Pty) Ltd, initially a small ambitious team, now stands as a growing Gauteng-based company offering specialized Heavy Commercial Vehicle (HCV) and other Value-Added insurance products across South Africa. They provide innovative insurance solutions tailored for transport and commercial businesses, enhancing their HCV policies with commercial and domestic cover options to meet diverse needs and continue delivering value to their clients.

Find out more about VAPS Insurance Underwriters

2. Inception Value Policy

Inception Value Policy (IVP) a Division of Renasa Insurance Company, was established in 2010, is based in Johannesburg, and provides a countrywide service. IVP offers a specialized motor policy that insures vehicles against depreciation and includes credit shortfall coverage for financed vehicles. The policy compensates for the difference between a vehicle's retail value at inception and at the time of loss, and is available for both financed and non-financed vehicles of any age. It serves as supplementary coverage to other comprehensive policies in South Africa and offers economical benefits that increase as the vehicle depreciates, making it attractive for cross-selling and aiding in client retention for intermediaries.

Find out more about Inception Value Policy

3. Cross Country Insurance

In 1999, Cross Country Insurance Consultants recognized a gap in the market and created a niche insurance product tailored for the growing 4x4 community. Their offering extends beyond simple vehicle insurance, encompassing a suite of innovative insurance and support products designed for the outdoor lifestyle that many South Africans enjoy. Cross Country has become a prominent name in the 4x4 outdoor lifestyle sector, thanks largely to the continuous support from dedicated brokers and clients who share their passion.

Find out more about Cross Country Insurance

4. RTU

RTU is a specialist underwriting manager in the Passenger Transport Service Industry, underwritten by Renasa Insurance Company.

Find out more about RTU

4. P.UMA

Established in 2012, Pet Underwriting Managing Agents, based in Cape Town and operating across South Africa, offers comprehensive short-term insurance for medical costs related to cats and dogs. As an underwriting manager for Renasa Insurance Co Ltd, P.UMA covers healthcare expenses necessary for pet sickness and injury. The agency manages all operations in-house under the leadership of Ms. Chanelle Williams, who has over 20 years of experience in medical administration. P.UMA maintains a caring and approachable culture and exclusively conducts business through brokers.

Find out more about P.UMA

IBG Underwriting Managers

The need in today’s ever changing market with regards to legislation and strict compliance environment for advisers, has seen more PI claims as well as the higher excess structures been implemented in the market. The market has seen an increase in claims as a result of the economic conditions, and client education through the open media highlighting a client’s rights.PI cover is a legal requirement set down by the FSB for all FSP’s, as the need for redress has become more prevalent for the clients protection because of incorrect advice and services. PI is there to indemnify the FSP for any Negligent Act, error or omission. This can be for both “Advice and Intermediary services”, and an indication of the difference is whereby a client instructs an FSP to add a vehicle and the FSP fails to act, should a loss incur, this would be seen as an intermediary service.

Find out more about IBG Underwriting Managers

FDM Engineering

FDM Engineering Underwriters (Pty) Ltd specialise in all classes of Engineering Insurance but with a specific focus on Contractors All Risk & Plant All Risks Insurance.

We Pride ourselves in being able to provide exceptional levels of service and have made this our core focus, differentiating ourselves from our competitors through this service focus.

FDM has been underwriting for Renasa Insurance Company Ltd since 2004. Renasa Insurance Company have an A Rating. For further details on Renasa Insurance Company please follow the link to their site below. Proudly underwriting on behalf of Renasa Insurance Company Ltd

Find out more about FDM Engineering

Linksave

Founded in 2014, Linksave offers a range of gap cover solutions to prevent a medical crisis becoming a financial crisis.

Find out more about Linksave

Performance Guarantees Division

The Performance Guarantees Division was established in 2004. Based in Durban, the division caters countrywide for numerous building and other contractors including the freight forwarding industry.

Find out more about Performance Guarantees

Ownsurance

Ownsurance (Pty) Ltd Reg No: 2004/023261/07 is an authorised Financial Services Provider No: 21974 acting as a specialist Heavy Commercial Vehicle Insurance broker for Renasa Insurance Company Limited Reg No: 1998/000916/06, FSP No: 15491.

Ownsurance was established in 2004 with the overriding principal of rewarding good risk management.  This is achieved by making the client part of their “own” insurance portfolio.  Hence, the name “Ownsurance”.  Since our humble beginnings we have been providing the South African Heavy Commercial Vehicle market with specialised insurance solutions and custom built insurance plans.

Find out more about Ownsurance

A New Era for Insurance Brokers – Outlook 2024

Editorial and Podcasts for the Renasa:

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Listen to the latest podcasts from Renasa:

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TIH acquires Renasa: Telesure Investment Holdings (TIH) acquisition of Renasa has been seen as a huge vote of confidence in the intermediated insurance market.… Listen here

Renasa’s great achievements in the FIA Intermediary Experience Awards: COVER's Tony van Niekerk speaks with Jonathan Rosenberg, CEO of Renasa.… Listen here

Michael Clack - Bullish about the broker market. General Manager Business Development at Renasa gives reasons to be excited about growth in the broker market. Listen here

COVER interviews Jonathan Rosenberg CEO of Renasa on Timestamp Episode 1: Listen here

COVER interviews Jonathan Rosenberg of Renasa interview on Timestamp Episode 2: Listen here