Overberg Wealth and Risk Management
Overberg Wealth and Risk Management is a South African registered financial services provider (FSP47935) and subsidiary of Overberg Agri and Kempston Group, distributing short-term insurance (domestic, commercial, agri, transport, cyber), wealth management, and employee benefits consulting through 13 branch offices nationwide.
- Company typePrivate
- Founded2017
- HeadquartersCape Town, South Africa
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Overberg Wealth and Risk Management does
Overberg Wealth and Risk Management is a South African registered financial services provider (FSP licence FSP47935, under FAIS Act 37/2002) operating as an intermediary brokerage and advisory firm. It was founded in 2017 and is a subsidiary of the long-established Overberg Agri (100+ years) and Kempston Group (45+ years), positioning it as the financial services arm of an agricultural and industrial conglomerate. The firm distributes short-term insurance (domestic, commercial, heavy commercial vehicle and goods-in-transit, agricultural, and cyber) alongside long-term solutions (wealth management/investments, retirement planning, employee benefits consulting, and health/medical cover including gap cover) through nine to thirteen branch offices across the Western Cape, Eastern Cape and Gauteng, complemented by an OWRM Digital self-serve platform.
The company's core products are brokerage-led, multi-line insurance and advisory placements rather than proprietary technology products; the only notable technology asset is the OWRM Digital app for quote requests and policy management, which the firm positions as a digital insurance assistant. Distribution runs through licensed financial advisors and specialists (short-term, long-term/employee benefits, medical, claims, underwriting) in each branch, with a relationship-based, sales-led go-to-market reinforced by content marketing and social channels. Revenue is generated through brokerage commissions on insurance placements and advisory fees on wealth management and employee benefits consulting, with quote-based, individually priced annual engagements; no pricing or revenue figures are publicly disclosed. The firm holds no patents, AI capabilities, or public funding, and its customer base spans individual households, commercial clients, the agricultural sector, transport/logistics operators, and employers seeking group benefits.
Overberg Wealth and Risk Management firmographics
Firmographics- Name
- Overberg Wealth and Risk Management
- Legal name
- Overberg Wealth and Risk Management
- Website
- https://overbergwrm.co.za
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Overberg Wealth and Risk Management is a South African registered financial services provider (FSP47935) and subsidiary of Overberg Agri and Kempston Group, distributing short-term insurance (domestic, commercial, agri, transport, cyber), wealth management, and employee benefits consulting through 13 branch offices nationwide.
- Ownership category
- akta.pro rank
Overberg Wealth and Risk Management industry classification
Industry- Product category
- Insurance Brokerage and Wealth Advisory
- NAICS
- Portfolio Management and Investment Advice (52394), Finance and Insurance (52), Investment Banking and Securities Intermediation (52315)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Accident & Health Insurance (6321)
- akta.pro primary industry
- Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA)
- akta.pro secondary industries
- Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)
Keywords
Where Overberg Wealth and Risk Management is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Offices9 records
Markets served
Overberg Wealth and Risk Management business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance brokerage and advisory fees: Revenue generated through brokerage commissions on insurance products placed with insurers, and advisory fees for wealth management and employee benefits consulting services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Customized advisory services based on client needs |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Overberg Wealth and Risk Management product offering
Product offeringCore offering
Overberg Wealth and Risk Management is a registered South African financial services provider (FSP47935) operating as an insurance brokerage and wealth advisory firm. It sells short-term insurance products (domestic, commercial, heavy commercial vehicle and goods-in-transit, agricultural, and cyber) alongside long-term financial solutions including wealth management, retirement planning, employee benefits consulting, and medical aid and gap cover, distributed through 13 branch offices and the OWRM Digital platform.
Product overview
Overberg Wealth and Risk Management is a registered financial brokerage offering a comprehensive portfolio of insurance and wealth management products. The core offering includes short-term insurance products (Domestic, Commercial, Transport/Heavy Commercial Vehicles, Agri, and Cyber Insurance) alongside long-term financial solutions (Wealth Management/Investments, Retirement Planning, Employee Benefits Consulting, and Health/Medical Insurance including gap cover). The company also provides the OWRM Digital App as a digital channel for quote management. These products are distributed through a network of 13 offices across South Africa, with services backed by parent companies Kempston Group and Overberg Agri.
Differentiator
Problem solved
Functional benefit
Brands
- OWRM Digital: Digital insurance assistant platform for managing insurance needs
Products and services
- Domestic Insurance
Companies that use Overberg Wealth and Risk Management
Customer profileSegments6 records
Ideal customer profiles6 records
Overberg Wealth and Risk Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Overberg Wealth and Risk Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Top medical aid, medical insurance and gap cover providersmajorPartnerships with top medical aid, medical insurance and gap cover providers. The company offers these products through partnerships with leading healthcare insurers and has qualified advisors to recommend suitable options.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
Overberg Wealth and Risk Management competitors and assessment
Company assessmentDirect peers
- Indwe Risk Services: South African insurance and risk broker offering multi-line short-term and employee benefits solutions via a national branch network — directly comparable in product mix and distribution model to Overberg WRM.
- Bidvest Insurance: South African short-term insurance broker within the Bidvest group, providing personal, commercial, and vehicle cover through direct and broker channels — comparable in scale and product breadth.
- Alexander Forbes: Listed South African financial services group specializing in employee benefits, retirement consulting, and wealth management — directly comparable to OWRM's long-term and employee benefits practice.
- PSG Wealth: South African wealth management and insurance advisory group with a multi-advisor branch model — comparable to Overberg WRM's wealth management and short-term insurance intermediation offering.
- Glacier by Sanlam: Sanlam's intermediary-focused wealth and investment platform serving South African advisors and clients — directly comparable to Overberg WRM's wealth management and investment advisory practice.
Broad incumbents
- Hollard Insurance Group: Largest privately-owned South African insurance group offering life, short-term, and investment products across multiple distribution channels — broader incumbent that competes with OWRM across nearly every product line.
- Santam: South Africa's largest short-term insurer, distributing through brokers including Overberg WRM — competes as a carrier/underwriter rather than broker, but shapes the competitive landscape OWRM operates in.
- Old Mutual Insure: Major South African composite insurer offering short-term, life, and investment products through intermediary and direct channels — broad incumbent with overlapping product set and national reach.
- Aon South Africa: Global insurance broker and risk advisor with substantial South African operations — broader incumbent competing for the same commercial and corporate insurance clients OWRM targets.
Emerging players
- Discovery Insure: South African insurtech-led insurer using telematics and behavioural pricing — emerging digital-native competitor that pressures traditional brokers like OWRM on personal lines pricing and engagement.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Overberg Wealth and Risk Management social profiles
Digital presenceOverberg Wealth and Risk Management compliance and trust
Trust signalCompliance1 record
Overberg Wealth and Risk Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Overberg Wealth and Risk Management leadership team
Management profileNumber of profiles
Profiles6 records
Overberg Wealth and Risk Management funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Overberg Wealth and Risk Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Overberg Wealth and Risk Management
What does Overberg Wealth and Risk Management do?
Overberg Wealth and Risk Management is a registered South African financial services provider (FSP47935) operating as an insurance brokerage and wealth advisory firm. It sells short-term insurance products (domestic, commercial, heavy commercial vehicle and goods-in-transit, agricultural, and cyber) alongside long-term financial solutions including wealth management, retirement planning, employee benefits consulting, and medical aid and gap cover, distributed through 13 branch offices and the OWRM Digital platform.
Is Overberg Wealth and Risk Management a public or private company?
Overberg Wealth and Risk Management is a private company. It is classified as corporate owned and is currently operating.
When was Overberg Wealth and Risk Management founded?
Overberg Wealth and Risk Management was founded in 2017. It employs 11 to 50 people.
Where is Overberg Wealth and Risk Management based?
Overberg Wealth and Risk Management is headquartered in Cape Town, South Africa, in the Africa region.
How does Overberg Wealth and Risk Management make money?
One revenue line is on record: insurance brokerage and advisory fees.
Who are Overberg Wealth and Risk Management's main competitors?
Direct peers on record are Indwe Risk Services, Bidvest Insurance, Alexander Forbes, PSG Wealth and Glacier by Sanlam. Broad incumbents are Hollard Insurance Group, Santam, Old Mutual Insure and Aon South Africa. Discovery Insure is listed as an emerging player.
Does Overberg Wealth and Risk Management have an API?
No public API is recorded for Overberg Wealth and Risk Management.
What industry is Overberg Wealth and Risk Management in?
Overberg Wealth and Risk Management's product category is Insurance Brokerage and Wealth Advisory. Its primary akta.pro industry code is FSAAAAAA, Full-Service Retail Brokerage & Wealth Platforms, with a secondary code of FSAAAAAJ, Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail). Its NAICS code is 52394 and its SIC code is 6282.