20 years of insurance broking to be exact! Econorisk was founded in 2001, initially as a strategic partnership with economic market analyst leaders, Econometrix. Since then, we have evolved into a leading risk and short-term insurance advisory business, and we’ve never looked back.
20 Years of Insurance broking to be exact!
Econorisk was founded in 2001, initially as a strategic partnership with economic market analyst leaders, Econometrix. Since then, we have evolved into a leading risk and short-term insurance advisory business, and we’ve never looked back.
At Econorisk, we have assembled a diverse team of over 110 experienced specialists and business partners capable of meeting all the risk-related needs of our clients.
Our impressive growth over a relatively short period of existence can be attributed purely to our amazing people. We believe we put the old grey-suited stereotype to bed with our forward-thinking and dynamic approach. (We were even able to switch our business completely online during lockdown without so much as a glitch!)
We are known for our wealth of collective insight and our expertise which enables us to understand our clients and their businesses better and to minimise their exposure to risk. After all, isn’t advice from the wrong person, risk in itself?
Our relationships with our product providers are as critical to our success as those we have with our clients. These supportive, quality engagements, span almost all local insurers and underwriting managers. We also have access to leading global insurers. Our clients get the very best solutions – this guarantees the best fit, under the auspices of a single risk partner.
Extensive range of covers – At Econorisk, we are able to offer our clients extensive choice when it comes to their insurance. We offer a broad scope of insurance covers, including personal, commercial, specialist and niche sectors including engineering, marine, construction, cyber, environmental liabilities and HCV to name a few. We also offer tailored products specifically for the courier and logistics industry. We have the expertise to assist with a conventional personal lines policy to highly complex risks that require technical insight and expertise. We therefore enjoy a range of clients, from personal lines to listed corporates.
What further sets us apart is our ability to work with our clients and stakeholders, to protect the things that really matter to them and their businesses.
When we’re insuring assets and liabilities, we’re thinking about what we’re truly protecting. Tangible losses are only part of what we see.
We see our clients time, and that it needs to be focused on what’s truly important to them. We see that if their risky venture folds, they’ll have the peace of mind to know that their business will survive to explore other opportunities. We see a reputation that they should have the means to protect, and we see the sustainability they can promise to their employees, families, and clients.
We see our clients moving forward
The true value of an insurance policy is tested at claims stage. At Econorisk, we have an internally mandated claims team, ensuring our clients’ claims are not just seen as a number, but rather as an important cog in our relationship with them. Clients speak to a trusted claims service consultant, who assists along the entire claims journey.
Econorisk combines technology, process, and deep industry knowledge to ensure fast, efficient processing. No delays. No corporate bureaucracy. Just service.
Our revolutionary Broker Partner Model is also a core focus at Econorisk.
This model is especially designed to accommodate short-term brokers who are looking for a future-proof partnership, to save costs, better manage compliance and increase efficiency.
We see continuing legislative pressure leading to broker casualties and industry consolidation as regulatory rigour increases the cost of doing business. At Econorisk, we assist with compliance, financial reporting, collections, CPD, training and technical advice, and partnering brokers get to enjoy protection under Econorisk’s PI Cover.
Brokers get to spend more time focusing on client retention and acquisition, whilst we facilitate all back-end support and admin services. The model also offers full access to our IT policy admin platform.
There are growing underwriter expectations that some brokers may find tough to meet. At Econorisk, we have binder agreements with SA’s leading insurers. We issue policies, endorsements, and renewals directly from our office, and work closely with our insurer partners to ensure a positive claims outcome.
We believe the Broker Partner Model offers several attractive benefits for brokers looking for an alternative operating model.
We look forward to the new client and broker partner relationships we will build over the next 20 years, new product developments to meet the changes in risk and demand and being a part of the insurance journey as it grows and shapes itself to the rising pressures and demands of our economy.
Together with our strong relationships and extensive network of local and international insurers and underwriters, we will continue to provide flexible solutions and bespoke policies to protect our clients’ businesses and assets against risk.
Taking a calculated risk might mean challenging the status quo, but it doesn’t mean leaving everything to chance.
Econorisk – Nothing Left to Chance