Marrying technology with youth empowerment to bring about inclusive risk cover

Many businesses, especially those with less than R20-million in insured assets, do not have a proper understanding of the risks their specific operation faces. The reality is that many smaller businesses have not had a proper on-site risk survey conducted by a professional risk consultant at their premises. This is a time-consuming, specialised and expensive task, and one that many insurers don’t consider cost-effective to offer to enterprises with a low sum insured.

Hollard Insure has introduced RiskMen to address this very problem, helping clients who fall within the R3-million to R20-million insured threshold to better understand and manage their risk.

Instead of employing specialist consultants, RiskMen equips young, semi-skilled men and women with Hollard-branded scooters to zip through traffic to the customer. Each of these young people has an intelligent risk assessment app, which they can access through their smartphone.

We caught up with Marcel Wood, Head of Risk Management at Hollard Insure, to find out more about RiskMen and inclusive risk cover.