Yearly Archives: 2014

Centriq ranks in Deloitte’s Best Company to work for survey

Results of the 2014 Deloitte ‘Best Company to work for’ survey were announced in October, and first-time participant Centriq Insurance, in the Insurance: Finance services category, came 3rd overall. The company also achieved 10th place in the small company category, and has been awarded a standard of excellence Award an award that is only given Read more »

Christmas Party – 21st November 2014

Upon arrival, the Ethandweni Pre-Schoolers were backstage, readying themselves, getting into character for their matinée performance of ‘The birth of Jesus’. The story was brought to life by the lead actors playing Mary and Joseph, the three wise men, the angel from heaven, and all the stable animals, all whilst their teacher narrated each scene. Read more »

Where are we heading come 2015?

Have we weathered the perfect storm? By all accounts, the past two years have been challenging for the insurance industry. It has been characterised by slow growth in new business, high cost and price war between insurers who are looking to gain new business. Have these challenges been as pertinent in 2014 as they were Read more »

Crime – a grim picture

While the release of South Africa’s crime statistics for April 2013 to March 2014 by the National police commissioner caused heated debate from many political and private sector spokes people, there is no denying the fact that we as South Africans have many reasons to be concerned about our safety and security. Crime has a Read more »

Teacher’s Graduation – 14th November 2014

The excitement was almost tangible, as this long awaited day arrived – Graduation Day! The Zandspruit and Cosmo City Play-with-a-Purpose graduates gathered on Friday, 14th November at Monash University. For the past year, each student dedicated themselves to learning, developing and practicing their art, early childhood development. Robyn Wienand, the CEO and Founder of Play-with-a-Purpose Read more »

Unpacking the SAM Standard Formula for Calculating the Capital Requirement and the Capital Resources

By Patrick Ndururi, Executive Head: Actuarial, Centriq Insurance Under Solvency Assessment and Management (SAM), the capital required to support the business written will be determined on a risk-based approach, whereby different lines of business will attract a capital charge based on the nature of the risks presented. Three Quantitative Impact Studies (QIS) have been done Read more »

COVER thanks Centriq

From suites to cycling pants, Centriq knows how to entertain their clients. In June, Centriq treated their clients to good food and good comedy, at Katy’s Palace in Johannesburg. In July, they managed to ‘single-handedly’ organise a “Tour de Conference”, which saw fifteen cyclists hit the pavement from Johannesburg to Sun City. COVER would like Read more »


Results of the 2014 Deloitte Best Company to work for survey are out, and first-time participant Centriq Insurance, in the insurance: finance services category, came 3rd overall.  The company also achieved 10th place in the small company category, and has been awarded a Standard of Excellence Award – an award that is only given to Read more »

Getting to grips with regulation for 2015 and beyond

While we wait for regulation Bill (FSRB) to take effect our attention turns to the expected rush of draft legislative and regulatory papers that will be issued for comment during final quarter 2014. From an insurer perspective we expect the solvency Assement and management (SAM) implementation to proceed as planned, which is good news for Read more »

Empowering the police to do their job

Empowering the police… Gareth Beaver, chief executive officer of Centriq Insurance in Sandton, sponsors 17 000 rounds of ammunition to be used by the South African Police Service. Retha van Reenen, a media consultant on behalf of Beaver, explained that the ammunition was sponsored for the annual Marc Ishlove SAPS inter-station police marksmanship course. This Read more »