Turnberry Management Risk Solutions

What Turnberry Management Risk Solutions does

Turnberry Management Risk Solutions (Pty) Ltd is a South African gap cover insurance provider founded in 2001 and headquartered in Bedfordview, operating exclusively in the domestic market as an authorised Financial Services Provider (FSP no. 36571). The company designs and distributes a tiered portfolio of short-term insurance products — Premier, Optimal, Dynamic, Synergy, and Launch — that cover medical expense shortfalls between what medical schemes reimburse and what specialists and hospitals charge (up to 500% of medical aid rates), as well as co-payments, sub-limits, cancer treatments (including biological), and casualty benefits. Add-on modules (Med Extend, Extended Family Cover, Travel Assist) and a Corporate Group Gap Cover offering extend the product surface. All policies are underwritten by Lombard Insurance Company (FSP 1596), positioning Turnberry as a product administrator and distributor rather than a balance-sheet carrier.

The technology stack centres on a digital application and self-service portal (getcovered.turnberry.co.za), an online claims submission system, a dedicated broker digital application platform, and a broker training/CPD portal (connect.lombardins.com). Distribution runs through three parallel channels: an independent financial advisor and broker network, direct-to-consumer digital acquisition (Google Search, SEO, social media, content marketing), and enterprise field sales into HR departments and benefit consultants for corporate group schemes. Revenue is generated through recurring monthly premiums ranging from R180 (Dynamic entry-level) to R1,060 (Premier for households over 65), with the Overall Annual Limit set at R219,845.96 as of April 2025.

Customer segments span individual consumers, single-income families, young professionals, the sandwich generation, women (with maternity-focused coverage), retirees, and corporate employers — all within South Africa. The September 2025 launch of the Dynamic option introduced age-banded individualised pricing to penetrate younger, price-sensitive buyers, and recent expansion of the Corporate Group Gap Cover channel signals incremental B2B growth beyond the traditional brokerage-led consumer book.

Name

Turnberry Management Risk Solutions

Legal name

Turnberry Management Risk Solutions (Pty) Ltd

Website

https://turnberry.co.za

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Turnberry Management Risk Solutions is a South African gap cover insurance provider (founded 2001) offering a tiered portfolio of short-term insurance products that cover medical expense shortfalls between medical scheme rates and healthcare provider charges for individual consumers, families, and corporate employers.

Ownership category

akta.pro rank

Headquarters

HQ city

Bedfordview

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Gap Cover Insurance Premiums: Monthly premium payments from policyholders for gap cover insurance coverage. Premiums are charged per family or individual depending on the plan selected. Family-wide coverage offers one premium for the entire household including spouse and children.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Turnberry Management Risk Solutions provides short-term gap cover insurance products that cover medical expense shortfalls when specialists charge above medical scheme rates (up to 500%), as well as co-payments, sub-limits, cancer treatment costs, and casualty benefits. The portfolio includes tiered individual plans (Premier, Optimal, Dynamic, Synergy, Launch), specialist add-ons (Med Extend, Extended Family Cover, Travel Assist), and a corporate group gap cover offering. Policies are underwritten by Lombard Insurance Company and sold primarily in South Africa.

Product overview

Turnberry Management Risk Solutions offers a portfolio of gap cover short-term insurance products designed to cover medical expense shortfalls between what medical schemes pay and what healthcare providers charge. The product lineup operates as a tiered architecture with four core products (Premier, Optimal, Dynamic, Synergy) at different price points and coverage levels, supplemented by specialized add-on modules (Med Extend, Extended Family Cover, Travel Assist) and a corporate group offering. The Premier product serves as the comprehensive flagship, Optimal provides broad mid-tier coverage, Dynamic offers entry-level affordability with age-banded pricing, Synergy delivers value-focused essential coverage, and Launch provides the most basic entry-point option. The Overall Annual Limit (OAL) for 2025/2026 is R219,845.96.

Differentiator

Problem solved

Functional benefit

Brands

• Premier: Comprehensive gap cover umbrella product sheltering entire families with extensive benefits for medical expense shortfalls and comprehensive cancer benefits.
• Optimal
• Dynamic
• Synergy
• Launch
• Med Extend
• Extended Family Cover
• Travel Assist
• Corporate Group Gap Cover

Products and services

• Premier Gap Cover

Quantifiable outcome

• Claims paid totaling R678,891.07 for single client over treatment period
• +4 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered supporting.

• TIC (Travel Insurance Corporation)supportingStrategic or Co-development PartnerTIC provides international travel cover offered as an added-value benefit to all Turnberry policyholders upon request. The cover ensures end-to-end emergency assistance by air, land or sea for travellers.
• Machi Filotimo Cancer ProjectsupportingStrategic or Co-development PartnerTurnberry partners with the Machi Filotimo Cancer Project, a cancer support initiative, demonstrating commitment to cancer patients beyond insurance coverage.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sanlam: Sanlam provides gap cover alongside a wide portfolio of insurance and wealth-management products in South Africa. A large incumbent with overlapping gap cover offerings, broader scale, and a comparable broker distribution model to Turnberry.
• Liberty (Standard Bank Group): Liberty offers medical scheme-related short-term insurance, including gap cover, as part of its broader life and health insurance portfolio. Operates in the same SA broker distribution model and offers a comparable medical-shortfall product to Turnberry's core gap cover range.
• Momentum Health: Momentum Metropolitan offers gap cover alongside its medical scheme and broader insurance products. Comparable to Turnberry's gap cover offerings, but Momentum is a larger diversified insurer and serves a broader client base across life, health, and investments.
• Hollard Insurance: Hollard is a large South African insurer offering a range of personal and commercial lines including gap cover products. Comparable to Turnberry as a non-life insurer targeting individual consumers through broker channels.
• Old Mutual South Africa: Old Mutual offers gap cover in South Africa through its insurance division alongside savings, investment, and life products. A broad incumbent in SA financial services with overlapping gap cover distribution, comparable to Turnberry on the medical-shortfall product.

Direct peers

• Stratum Benefits: Stratum Benefits is a South African gap cover specialist offering medical expense shortfall cover through brokers. A direct competitor to Turnberry focused on the same niche gap cover product, similar broker-led GTM, and tiered plan architecture.
• Discovery Limited: Discovery is South Africa's largest medical scheme administrator and insurer, offering Discovery Gap Cover as an add-on to its Discovery Health Medical Scheme. Direct peer to Turnberry in the SA medical-expense-shortfall cover market, competing on benefit design, price, and broker relationships.

Others

• Guardrisk: Guardrisk is a South African cell-capture insurer and administrator providing underwriting and regulatory infrastructure to many niche product providers. Comparable to Turnberry as the underlying insurance/administration backbone in SA non-life cover, but more focused on cell captive and risk-transfer partnerships.

Emerging players

• Clientele Limited: Clientele offers a portfolio of legal and gap cover insurance in South Africa marketed through intermediated channels. A more focused short-term insurer comparable to Turnberry in offering gap cover as a core product line.
• Bidvest Insurance: Bidvest Insurance offers a range of personal insurance products, including gap cover, distributed through brokers and direct channels in South Africa. Comparable to Turnberry as a niche SA insurer focused on individual/family short-term insurance products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TurnberryZA
• LinkedInlinkedin.com/company/turnberry-gap-cover

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turnberry Management Risk Solutions