Renasa Insurance

What Renasa Insurance does

Renasa Insurance Company Limited is a South African short-term insurer founded in 1998 that underwrites personal, commercial, and specialist lines exclusively through independent brokers and Underwriting Management Agencies (UMAs). The company's product portfolio spans Commercial Lines (Building, Business, Vehicle, Liability, Accident, Goods in Transit, and Machinery Breakdown cover), Personal Lines (Buildings, Contents, Vehicles, and Personal Accident), and Specialist Lines (Liability, Accident, Health, Guarantee, and Engineering). Renasa holds an A+ financial strength rating from Global Credit Rating (GCR) and is a member of the Telesure Investment Holdings (TIH) Group, which provides access to group capital, reinsurance arrangements, and shared services.

The company operates a national footprint across seven South African branches — Johannesburg (head office), Bloemfontein, Pretoria, Kimberley, Port Elizabeth, Durban, and Cape Town — with 51-100 employees. Its flagship technology asset is the ROC (Renasa Online Claims) platform, which integrates directly into broker management systems to streamline claims lodgement and processing, embedding Renasa's workflow into brokers' daily operations. Revenue is generated through insurance premiums across the three product lines, with specialist class capacity distributed through partnerships with multiple UMAs. Leadership comprises Herman Scheepers (CEO) and Don Eriksson (Chairman). The business model is intermediated rather than direct: Renasa does not sell to end customers itself but rather relies on its broker and UMA channel as its sole go-to-market route.

Name

Renasa Insurance

Legal name

Renasa Insurance Company Limited

Website

http://www.renasa.co.za

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Renasa Insurance is a South African short-term insurer (founded 1998, A+ GCR rated) underwriting personal, commercial, and specialist lines exclusively through independent brokers and UMAs, with a national branch network and an integrated ROC claims platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Renasa generates revenue through insurance premiums collected from policyholders across commercial, personal, and specialist insurance lines. The company operates as a licensed non-life insurer with various policy types including motor, property, liability, and specialty coverages.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Renasa Insurance Company Limited is a South African licensed non-life (short-term) insurer that underwrites and issues commercial, personal, and specialist insurance policies distributed exclusively through independent insurance brokers and underwriting management agencies (UMAs). The company covers risks including motor, property, liability, engineering, construction, household contents, personal accident, motorcycle, electronics, medical gap cover, pet insurance, taxi, and heavy commercial vehicle cover, and operates its own claims and policy administration backed by the Renasa Online Claims (ROC) platform integrated with brokers' administration systems.

Product overview

Renasa Insurance is a South African short-term insurer that distributes exclusively through brokers and underwriting management agencies (UMAs). The company offers a fully comprehensive range of insurance products organized into three main categories: Commercial Lines (complete range of business insurance), Personal Lines (complete range of individual/household insurance), and Specialist Lines (motorcycle, electronics all risks & warranties, engineering & contractors all risks, professional indemnity excess waiver, motor value/credit shortfall cover, medical gap cover, heavy commercial fleet cover, pet insurance, taxi/e-hailing insurance, heavy commercial vehicle products, and construction/guarantee cover). The flagship technology platform is Renasa Online Claims (ROC), which provides brokers with real-time claim visibility. Additional services include roadside, home, and fire assistance. The company operates as part of Telesure Investment Holdings (TIH) Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Lines Insurance

Segments4 records

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Telesure Investment Holdings (TIH) GroupcoreStrategic or Co-development PartnerRenasa is now part of TIH Group, South Africa's powerful insurance group. This integration enhances services and support for brokers, combining resources and capabilities of the broader insurance group.
• AdminplusminorChannel Partner/ Reseller/ DistributorSpecialists in motorcycle insurance, electronics all risks and warranties. Contact: adminplus.co.za
• CCICminorChannel Partner/ Reseller/ DistributorSpecialist insurance partner. Contact: ccic.co.za
• FDM EngineeringminorChannel Partner/ Reseller/ DistributorSpecialists in engineering, plant and contractors all risks insurance. Contact: fdmengineering.co.za
• IBG UMAminorChannel Partner/ Reseller/ DistributorSpecialists in excess waiver for professional indemnity cover. Contact: ibg-uma.co.za
• LinksaveminorChannel Partner/ Reseller/ DistributorSpecialists in medical gap cover insurance. Contact: linksave.co.za
• OwnsuranceminorChannel Partner/ Reseller/ DistributorSpecialists in self-funded heavy commercial fleets cover. Contact: ownsurance.com
• Puma InsuranceminorChannel Partner/ Reseller/ DistributorSpecialists in medical insurance for pets. Contact: pumainsurance.co.za
• RTUSAminorChannel Partner/ Reseller/ DistributorSpecialist in taxi and e-hailing insurance, passenger liability and personal accident cover. Contact: rtusa.co.za
• VAPS InsuranceminorChannel Partner/ Reseller/ DistributorSpecialists in heavy commercial vehicles and value-added products. Contact: vapsinsurance.co.za
• Unison GuaranteeminorChannel Partner/ Reseller/ DistributorSpecialists in construction, solvency, educational and NHBRC late enrolment guarantee. Contact: unisonguarantee.co.za

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Santam: South Africa's largest short-term (non-life) insurer, offering commercial, personal, and specialist lines distributed through brokers and direct channels. Most directly comparable peer to Renasa on product mix, broker distribution, and target market, but materially larger in scale and capital base.
• Hollard Insurance Group: Large South African short-term and life insurer with a strong broker-distribution model and broad product range across personal, commercial, and specialist lines. Highly comparable to Renasa in channel strategy and product breadth, though Hollard's portfolio is substantially larger and includes life insurance.
• Old Mutual Insure: Short-term insurance arm of Old Mutual, offering personal and commercial lines distributed via brokers and direct channels. Comparable to Renasa on broker-led distribution, P&C product scope, and South African market focus, but with significantly greater brand and capital resources.
• Momentum Insure: South African short-term insurer (part of Momentum Metropolitan) offering personal, commercial, and specialist lines through brokers and digital channels. Comparable to Renasa on broker-channel emphasis and multi-line P&C book.
• Bryte Insurance: South African short-term insurer focused on commercial and personal lines distributed via brokers. Closely comparable to Renasa in broker-centric model and product mix, though Bryte's portfolio is weighted more toward commercial/corporate risks.
• Auto & General Insurance: South African motor and personal lines insurer with a strong broker-distribution footprint. Comparable to Renasa on short-term personal lines emphasis and intermediary-led GTM, with particular overlap in motor and household products.
• King Price Insurance: South African short-term insurer competing in personal and commercial lines with hybrid broker and direct distribution. Comparable to Renasa on product categories, with overlap in commercial and specialist lines, but with a stronger direct-to-consumer tilt.
• MiWay Insurance: Direct and broker-distributed South African short-term insurer within the Sanlam group, focused on personal and commercial lines. Comparable to Renasa on multi-line P&C offering and South African market focus, though more digital/direct in acquisition motion.
• Bidvest Insurance: South African short-term insurer (part of Bidvest Group) offering personal, commercial, and specialist lines distributed through brokers. Comparable to Renasa on broker-channel focus and multi-line product scope, with similar mid-tier scale.

Broad incumbents

• Discovery Insure: Integrated insurance and wellness player within Discovery Group offering short-term personal and commercial lines. Comparable to Renasa on South African P&C market participation, though differentiated by a behavioural-incentive model and broader group ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/renasa-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Renasa Insurance