Value Added Benefits

Many insurers talk about helping clients manage risk but these initiatives generally fall flat due to the following:

  • Cost
    The cost of effective risk management is often higher than the underlying premium.
  • Lack of interest from the insured
    Many insurance buyers do not see the value in managing risk once they have purchased the policy. The attitude is generally that they have fulfilled their obligations by simply paying a premium. Any further risk management is seen as minimising the insurer’s risk, rather than enhancing the business.
  • Inefficient roll out
    Effective risk management services are expensive and often the insurers cut corners to keep costs down. Many risk services fall short and amount to nothing more than “window dressing”.

So how is Camargue’s M³ risk initiative successful?

Camargue addressed the cost issue with its principals at Centriq and Brit in the formative days of the company’s existence. It was agreed that a substantial portion of the premiums could be utilised to purchase effective risk management tools that would not only minimise the risk of Camargue’s stakeholders, but also enhance each individual insureds’ business.

As mentioned, the biggest threat to a successful risk initiative lies in complacency and apathy from the insured. The only way to encourage use of risk management tools is through a clear demonstration that the use of those tools improves the business, and boosts the bottom line.

By addressing both insurable and uninsurable events through value added services, the client experiences a dynamic blend of risk transfer and business risk management. Managing uninsurable risks such as “damage to reputation” becomes possible with .

With over 400 legal and risk professionals at its disposal, Camargue ensures efficient roll out and delivery of its services.

Camargue Value Added Services
Service Service Provider Benefit to Client
Pension Fund Trustees Liability
Private Arbitration Tokiso Dispute Settlement Fast, private resolution and protection of fund
On site risk survey Corporate Governance Accreditation  Assistance with governance compliance
Education FQ Financial Skills Trustee and Principal Officer Education
Advice Employee Benefits Solutions Legal and Administrative Advice
Account Verification Michael Barker and Partners Bank account verification for large payments
Pension Fund Adjudicator Response Various Law Firms One complimentary response to a Pension Fund Adjudicator complaint per policy period
Directors and Officers Lability
Private Arbitration Tokiso Dispute Settlement Keep sensitive disputes with board out of media
Memberships The Institute of Directors in Southern Africa Sponsored membership for 5 executive board members
Training Subsidies The Institute of Directors in Southern Africa IoDSA courses, Being a Director 1 & 2
On site risk survey Corporate Governance Accreditation Corporate governance survey
Employment Practices Liability
Private Arbitration Tokiso Dispute Settlement Quick resolution of executive labour disputes
Telephonic Services GEO, Labourwise, NEASA 24 hour labour advice
Memberships GEO, Labourwise, NEASA Representation at CCMA and Bargaining Councils
Training Subsidies GEO, Labourwise Chairing of disciplinary hearings and other HR
Camargue General Liability
Private Arbitration Tokiso Dispute Settlement Protect reputation by handling disputes privately
Telephonic Services Legal Expertise Advice on most commercial legal matters
Telephonic Services Advocate Louis Nel Advice on most commercial legal matters
Emergency NetCare Emergency medical evacuation for visitors Roadside assistance, Search and Rescue Repatriation, Medical expenses
Training Subsidies Labourwise General legal compliance and brand protection
On site risk survey Africompliance General risk surveys, Health and Safety
On site risk survey Hilmar Venter Agricultural product liability quality control
Camargue Commercial Crime / Financial Institutions Bond
On site risk survey Michael Barker and Partners General risk survey
Hotline Michael Barker and Partners Advice on risk management matters
Fraud Hotline Michael Barker and Partners Report fraudulent activities anonymously and receive advice
Professional Indemnity/ Medical Malpractice / Clinical Trials / Financial Lines
Private Arbitration Tokiso Dispute Settlement Fast, equitable resolution of negligence disputes
Memberships GEO, Labourwise, NEASA Representation at CCMA and Bargaining Councils
Telephonic Services Legal Expertise Advice on most commercial legal matters
Telephonic Services Advocate Louis Nel Advice on most commercial legal matters
Cyber Liability
Penetration Testing 4Sight Security Solutions Security health check
Private Arbitration Tokiso Dispute Settlement Fast, equitable resolution of negligence disputes
Memberships GEO, Labourwise, NEASA Representation at CCMA and Bargaining Councils
Telephonic Services Legal Expertise Advice on most commercial legal matters
Telephonic Services Advocate Louis Nel Advice on most commercial legal matters