In this thought-provoking feature, Richard Hood, CEO of OLEA South Africa, explores the evolving insurance landscape where savvy businesses are blending traditional coverage with self-insurance strategies. Once reserved for large corporates, self-insurance is now gaining traction among mid-sized, privately owned firms seeking greater control, cost-efficiency, and tailored risk solutions.
The article unpacks:
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Why conventional insurance often feels like a “grudge purchase”
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How predictable loss history and financial maturity signal readiness for self-insurance
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The role of contingency policies (“rent-a-captives”) in bridging the transition
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OLEA’s disruptive approach to risk advisory - prioritising strategy over policy sales
As the only pan-African broking business in South Africa, OLEA is redefining risk ownership, helping clients turn insurance from a sunk cost into a strategic asset.
Read the full article:
South African Business Matters: https://www.southafricanbusinessmatters.co.za/cover-reimagined-where-self-insurance-meets-traditional-protection/
Money Marketing: https://www.moneymarketing.co.za/transition-to-self-insurance-vs-traditional-coverage/
Lifestyle and Tech: https://lifestyleandtech.co.za/?s=Cover+reimagined%3A+Where+self-insurance+meets+traditional+protection
FA News Online: https://x.com/FAnews_Online/status/1950542148249502114
Moonstone: https://www.moonstone.co.za/the-case-for-blending-traditional-and-self-insurance/