Sankofa Insurance Brokers

What Sankofa Insurance Brokers does

Sankofa Insurance Brokers (PTY) Ltd is a South Africa-based full-service general insurance brokerage established in 2009 in Johannesburg. The firm is 100% black-owned and operates from a single office in Morningside, Gauteng, with a team of 11–50 professionals. Its core proposition is intermediation: accessing multiple insurance markets, designing bespoke policy programmes, placing cover with insurers, and providing ongoing claims administration and risk advisory services on behalf of clients. It serves three primary segments — corporate and public sector (including state-owned enterprises), individual personal lines, and specialised risk clients — and differentiates through personalised advisory, B-BBEE credentials, and access to policies not available to most consumers.

Name

Sankofa Insurance Brokers

Legal name

Sankofa Insurance Brokers (PTY) Ltd

Website

https://sankofaib.co.za

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Sankofa Insurance Brokers is a 100% black-owned South African general insurance brokerage founded in 2009, placing commercial, corporate, personal, and specialty insurance for state-owned enterprises, corporates, and individuals.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAD

Wholesale Insurance Brokerage (Excess & Surplus Lines)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAJADAF

Directors & Officers (D&O) Liability

Financial & Insurance/Insurance — Motor, Property & Casualty/General Liability Insurance

Keywords

• Insurance brokerage services
• Commercial insurance solutions
• Personal lines insurance
• Corporate risk advisory
• Specialty insurance coverage

Headquarters

HQ city

Gauteng

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commission: As a full-service general insurance broker, Sankofa Insurance Brokers facilitates insurance placements for clients and earns commissions from insurance companies for placing and servicing policies.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Sankofa Insurance Brokers is a full-service general insurance brokerage that facilitates insurance placements for individuals, businesses, corporates, and public-sector clients across South Africa. The firm accesses multiple insurers to source coverage, negotiates policy terms, places cover, and provides ongoing claims administration and risk advisory support. It earns commissions from insurance companies for placing and servicing policies.

Product overview

Sankofa Insurance Brokers operates as a full-service general insurance broking company offering a portfolio of interconnected insurance products and risk advisory services. The core offering spans Commercial Insurance, Corporate Insurance, Personal Lines, Special Risks, Group Schemes, and Tailored Solutions, complemented by specialised covers including Cyber Crime Insurance, Travel Insurance, Employment Practices Liability (EPL) Insurance, and Directors and Officers Liability. The company positions itself as a broker that accesses multiple insurance markets to source optimal coverage, negotiates policy terms, places cover with insurers, and provides ongoing claims administration support.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Insurance Insurance coverage for businesses to protect against commercial risks, property damage, liability, and business interruption; broker-placed with multiple insurers for South African businesses.
• Corporate Insurance Comprehensive insurance solutions for corporate entities and public sector organisations, including specialised coverage programs; placed and serviced by the brokerage.
• Personal Lines Insurance Individual and family insurance products covering personal property, vehicles, homes, and personal liability; broker-placed for South African consumers.
• Special Risks Insurance Specialty insurance coverage for high-value, unusual, or complex risks not covered by standard policies; sourced via multi-insurer brokerage.
• Group Schemes Group insurance arrangements for employers and organisations providing coverage for employees or members; broker-arranged group benefits.
• Tailored Insurance Solutions Custom-designed insurance programs and risk management solutions crafted to meet specific client requirements, including policy design, term negotiation, and placement with insurers.
• Cyber Crime Insurance Protection against cyber threats, data breaches, digital extortion, and cyber incident response costs; broker-placed cyber liability cover.
• Employment Practices Liability (EPL) Insurance Coverage protecting employers against financial loss from employee claims alleging wrongful employment practices including unfair dismissal, discrimination, and harassment.
• Travel Insurance Insurance coverage for travel-related risks including trip cancellation, medical emergencies, and travel disruptions; broker-placed travel cover.
• Directors and Officers Liability Insurance Protection for corporate directors and officers against personal liability arising from their managerial decisions and actions.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bidvest Insurance: South African insurance brokerage within the Bidvest group serving commercial and personal lines clients. Comparable product mix including commercial, personal, and group schemes targeting SMEs and individuals across South Africa.
• Camargue Underwriting Managers: South African specialist underwriting manager and broker focused on commercial and special risks lines. Highly comparable niche-overlap with Sankofa's Special Risks and Corporate offerings, though Camargue operates more in the binding authority/wholesale space.

Broad incumbents

• Aon South Africa: A global insurance brokerage and risk advisory firm with a substantial South African presence. Competes for the same enterprise, corporate, and specialty insurance placements that Sankofa targets, but with global scale, broader carrier access, and dedicated analytics capabilities.
• Alexander Forbes Insurance: South African-headquartered financial services group with a meaningful insurance brokerage business serving corporate and institutional clients. Comparable product mix including commercial, personal, and group schemes, with broader wealth and employee benefits adjacencies.
• Hollard Insurance: Major South African insurer and through its broker partners places commercial, personal, and specialty lines. While primarily a carrier, its direct-to-customer channels compete with brokers like Sankofa for individual and SME clients.
• Santam: Largest short-term insurer in South Africa and operates a substantial intermediated distribution model. Although primarily an underwriting carrier, it shapes the South African commercial and personal lines brokerage market in which Sankofa operates.
• Old Mutual Insure: South African financial services group offering short-term insurance via broker and direct channels. Competes across personal, commercial, and corporate lines via dedicated brokers and direct-to-client distribution.
• Marsh Africa: Global insurance brokerage operating in South Africa, serving large corporates and public sector with risk advisory and complex insurance placement. Directly comparable in serving enterprise clients needing multi-line commercial, D&O, cyber, and special risks coverage.
• WTW (Willis Towers Watson) South Africa: Global broker providing risk management, insurance brokerage, and advisory services with a South African office. Competes for large corporate, SOE, and specialty lines mandates using deep carrier relationships and risk engineering expertise.

Regional players

• PSG Konsult (Short-term Insurance): South African financial services group with a short-term insurance brokerage arm offering commercial and personal lines. Comparable South African distribution model targeting corporate and individual clients through advisor networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/sankofaib
• Facebookfacebook.com/SankofaIB
• LinkedInza.linkedin.com/company/sankofainsurancebrokers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Sankofa Insurance Brokers