Lombard Insurance – Partnering with niche underwriters delivering specialised insurance solutions

Defining insurance partnerships

Partnering with niche Underwriting Management Agencies to deliver smart, specialist insurance solutions.

Lombard Insurance has been a leader in delivering specialist insurance in South Africa for over 35 years. We believe in the power of collaboration; and in a world of change, faster technology, and increasing consumer demand, it’s about being a partner who provides stability and certainty, one who’s invested in the long-term and knows that together is how we’re really able to make a difference.

Why Lombard?

We like working with people. We approach business with a relationship mindset – not just as a transaction. Our philosophy is about partnering with, and backing the right people for the long-term. We believe that better businesses are created by independently-minded, considered risk-takers and a knowledge that our clients and brokers are best served by focused, highly skilled specialist operations.

Specialist risk requires specialised expertise

Business is unique. So is risk. Knowing how best to mitigate risks that face a business or individual needs specialist knowledge, insight, experience and deeper understanding of the nuances and challenges in different environments and industries. It’s why we’re focused on building meaningful partnerships with niche underwriters and complementary businesses to deliver specialist insurance solutions in the South African market.

Business and people thrive when opportunity arises and risk is managed. This is where the real value lies for our clients, brokers and markets. We have a particular focus in the broker-distributed commercial and corporate markets in the short-term insurance industry, and work together with our partner UMAs to deliver high-quality underwriting, and relevant solutions to the markets we choose to operate in.

Financial
Strength

Our Credibility With more than R5.6 billion in assets (as at June 2024) and an A+ rating from Global Credit Ratings for our claims-paying ability, Lombard Insurance Company Limited is financially solid and poised for growth.

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Expertise, Authority, Trust

Our complementary skills and resources create a platform for well-run, specialist insurance businesses that best serve a client’s needs. We aim to create value through a set of specialist skills of our own, playing a role in protecting & strengthening each partner business through:

Capital Provision & Optimisation

Knowing our UMAs & their niche, working through the natural market and industry cycles, building deeper insight and regularly assessing the risks and changes in markets and business means we deliver the financial certainty and capacity that’s needed to underwrite risk with relevance and enable our UMAs to create smart and highly tailored solutions that adapt to what’s needed and when – safeguarding a future for businesses and individuals across multiple industries and environments.

Technology & Data

Our deep experience and collaborative, hands-on approach with our UMA partners and clients mean we don’t just offer insurance – we deliver insight. To get this right requires a foundation of clean, accurate and trusted data – all the time. It’s about ensuring we gather all the information, employ reliable systems, and develop programming to help prioritise the information. Intuition based on experience, supported by metrics and performance indicators is what drives smarter decisions around risk and enables powerful predictions and sustainable growth for our partners, brokers and clients.

Financial & Regulatory Operations

We place a vital importance on reinsurance – building strong relationships with local and global reinsurers, understanding our business and risks in order to enable the right capacity for your risks. We hold an A+ Global Credit Rating. Our growing capacities and ability to back unique risk solutions have evolved and strengthened through the close relationships and a track record we have established with the world’s largest reinsurers. We have our own dedicated reinsurance team within Lombard who work with each of our UMAs, and with local and international reinsurers and reinsurance brokers, to handle both reinsurance placing and counter-party security.

Tools for Market Growth

Collaboration Fuels Innovation and Efficiency
We create value across our partner network by embedding best practices into every system and process. Through aligned operations and shared resources, we establish a strong foundation – enabling us to focus on what truly drives impact for our clients, UMAs, their brokers, and markets.

Business Advisory Support

At Lombard, we believe that understanding risk goes beyond crunching numbers – it’s about understanding people, businesses, and the markets they operate in. We strategically partner with UMA partners through interest and investment in their business and a commitment to our joint long-term success. Our focus in niche areas of insurance is not only about mitigating risk but about unlocking opportunities for growth.

Getting this right, means we’re able to align tailored insurance solutions with unique business needs and the realities of a dynamic market, to help our partners, their brokers and ultimately our clients navigate uncertainty with confidence.