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 insurer servicing independent intermediaries and UMAs with a broad product range.
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.
COVER recently interviewed Michael Clack the General Manager of Business Development at Renasa, who explains why Renasa sees SMME insurance as an integral part to sustainability in our economy.
Some of the questions we asked were:
- From your perspective, what do you see as the biggest risks these SMEs face?
- How do you rate our ability, at the moment, too address these risks?
- Where do you think we should be focusing to make sure that we cover these risks?
- How do we make sure that the SMME business owners actually have appropriate insurance?