Genric in the news

GENRIC Insurance has grown for 20 years through niche focus, innovation, and partnerships, recently joining Old Mutual to scale further.

GENRIC’s learnership and internship programs successfully equip young South Africans with insurance skills, achieving full qualification pass rates and facilitating employment in the sector.

Health & Accident Underwriting Managers partners with GENRIC Insurance to jointly offer innovative health and personal accident insurance solutions in South Africa.

Alpha Direct and GENRIC partner to launch 'Insurance in a Box' in South Africa, offering simple, affordable motor insurance to close the protection gap for uninsured consumers.

Alpha Direct and GENRIC Insurance launched 'Insurance in a Box' in South Africa to provide simple, affordable motor insurance to previously uninsured consumers.

GENRIC Insurance's mentorship-driven youth program achieved a 100% pass rate, addressing skills gaps and youth unemployment in South Africa's insurance industry.

Niche insurance products are increasingly demanded due to economic shifts, technology, and changing consumer preferences, with growth in cyber, health, and usage-based insurance.

Niche insurance products are expanding as consumers and insurers seek specialised coverage for unique risks amid economic and social uncertainties.

Early collaboration with insurers like GENRIC helps niche insurance innovators overcome regulatory, capital, and market challenges to launch specialized products efficiently.

South Africa's insurance sector is adapting to regulatory, economic, and climate challenges by embracing technology, stricter reinsurance terms, and innovative insurance models like usage-based coverage.

South Africa's insurance sector is adapting to rising risks, regulatory demands, and technological innovations to improve resilience and customer-centric solutions.

Old Mutual Insure fully acquired GENRIC Insurance to expand niche insurance solutions and accelerate innovation in underserved markets.

GENRIC Insurance partners with Cura Administrators to underwrite specialized health and funeral insurance products, leveraging strong financials and insuretech innovation.

GENRIC Insurance partners with InsureAfrica UMA to deliver specialized motor insurance products supported by strong financial backing and innovative insuretech.

Old Mutual Insure has fully acquired Genric Insurance Company for an estimated 300 million rands, including buying out a 30% stake from RH Bophelo Limited.

Old Mutual has acquired Genric Insurance to diversify products and improve customer service, pending regulatory approval.

Old Mutual Insure agreed to acquire niche insurer Genric to expand innovative, customer-focused insurance offerings across new markets.

Old Mutual is set to acquire Genric Insurance to diversify and expand its insurance offerings in South Africa, pending regulatory approval.

Old Mutual acquires insurtech-focused insurer Genric to boost innovation, expand niche insurance offerings, and enhance customer service.