Renasa Insurance Company
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
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.
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.
Podcasts for the Renasa team:
Listen to the latest podcasts from Renasa:
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
