Health & Accident Underwriting Managers And Genric Insurance Company Limited Announce Partnership

Health & Accident Underwriting Managers is pleased to announce its partnership with GENRIC Insurance Company Limited to deliver a range of health and personal accident insurance products to the South African market. This collaboration highlights the importance of the UMA and Insurer partnership model in meeting the needs of a rapidly evolving market.

About Health & Accident Underwriting Managers

Founded in 1994, Health & Accident Underwriting Managers specialises in developing, distributing, and administering niche insurance solutions, including:

• Personal Accident Cover
• Emergency Response Cover
• Gap Insurance
• Group Risk Employee Benefits

GENRIC Insurance: Partnering for Innovation

GENRIC Insurance Company Limited partners with specialist Underwriting Management Agencies (UMAs), start-up enterprises, and InsurTech pioneers to provide innovative and niche insurance solutions. By leveraging its extensive broker network, GENRIC supports market development with tailored products for the South African insurance sector.

Adrian Hofman, Managing Director of Health & Accident Underwriting Managers, said:
"The backing and support of an insurer partner like GENRIC Insurance provides the financial strength, systems, processes, technical support, compliance, and tech innovation to propel our business forward in this competitive market. Their commitment to supporting UMAs is invaluable as we expand into new markets and grow our existing ones."

Embracing a Collaborative Model

GENRIC’s Chief Operating Officer, Cornel Schoeman, emphasised the value of their UMA partnerships:
"Strong processes, resources, and insurtech investments enable our UMA partners to deliver niche insurance solutions tailored to evolving risk challenges. By offering the financial and technical backing UMAs need, we empower them to innovate, scale, and serve customers effectively, free from the distractions of large corporate bureaucracy."

This partnership reflects a shared commitment to delivering customer-centric and innovative insurance solutions that address the changing demands of the market.

About GENRIC Insurance

GENRIC Insurance Company Limited (FSP 43638) is an Authorised Financial Services Provider and licensed non-life insurer specialising in partnerships with UMAs, brokers, and InsurTech businesses to create tailored insurance solutions for South African consumers.

About Health & Accident Underwriting Managers

Health & Accident Underwriting Managers (FSP 376) is a specialist Underwriting Management Agency focused on personal accident and health-related insurance solutions for individual and group clients.