OUR TRACK RECORD
The extensive and comprehensive track record of the Quintosys team both nationally and internationally is testament to our proven ability to add value to your organisation. This expansive experience in various aspects of risk assessment, risk management and short term insurance includes direct insurance and reinsurance, as well as international placements on large risks, particularly where the local market capacity may have been exhausted
Some of the large insurance accounts/projects that our key executives have been involved with through their respective careers include the following:
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ESKOM ASSETS INSURANCE PROGRAMME
Sum insured R 20 BILLION
Risk Management Functions performed by our team:
- Evaluation of all technical aspects of the risk including design and engineering standards
- Assessed any risk aggravating and mitigation factors
- Evaluated past loss history or experience
- Determined and/ or calculated premium rating and deductibles
- Calculated Probable Maximum Loss (PML) and Estimated Maximum Loss (EML)
- Advised ceding insurers of reinsurers terms and conditions
- Provided claims management assistance to claims departments and ceding insurers
- Provided technical training to ceding insurers, direct brokers and in some cases, the insured.
- Carried out engineering risk assessments:
- Site surveys including plant walk-down and Assessments of risk exposures
- Prepared reports articulating quality of the risks and pertinent exposures
- Compiled risk recommendations for risk improvement
- Determined monitory value of PML and EML that were acceptable to reinsurer's share of the risk in line with Munich Re underwriting capacity guidelines.
- Risk placement with direct insurers and/or through reinsurance brokers.
SASOL ASSETS INSURANCE PROGRAMME
Sum Insured R6, 5 BILLION
Risk Management Functions performed by our team:
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessed any aggravating and mitigating factors
- Evaluated past claims experience/ loss history
- Determined and/or calculated premium ratings and deductibles
- Calculated PML and EML respectively
- Advised ceding insurers of the reinsurers terms and conditions of involvement
- Provided claims management assistance to claims departments and ceding companies
- Provided technical training to ceding companies
- Carried out engineering risk assessments:
- Site surveys including plant walk-down
- Assessment of risk exposures
- Prepared reports articulating quality of the risks and pertinent exposures
- Recommendations to improve the risks
- Determined monitory values for PML and EML respectively that were acceptable to reinsurers such as Munich Re for their share of the risk.
- Risk placements with direct insurers and reinsurers.
ESKOM
PROJECT DESCRIPTION:
ARNOT CAPACITY INCREASE —2100 MW, RETURN TO SERVICE PROJECT CAMDEN, GROOTVLIE KOMATI, GOURIKWA AND ANKERLIG OCGT EXPANSION 2100MW, INGULA PUMP STORAGE SCHEME 1330 MW, BRAVO 5400MW AND MODUPI 4788MW
Contract Value USD 21 BILLION
Risk Management Functions performed by our team:
- Risk Management Functions performed by our team:
- Evaluated all technical aspects of the risk including designs and engineering standards
- Assessments of any risk aggravating and mitigating factors
- Evaluation of past loss history of the main contractors and nominated subcontractors that were and/or those still involved with the same projects
- Determined premium rating, deductibles, terms and conditions of Contractors All Risk/Erection All Risk and/or Plant All Risk insurances.
- Conducted engineering risk assessments:
- Periodical site surveys to assess the risk exposure
- Compiled engineering reports articulating quality of the risks and pertinent exposures
- Determined Monitory values of MPL and EML respectively that were and/or acceptable to Munich Re as part of their share of the risk
- Issued acceptance facultative reinsurance slips to ceding insurers
- Advised ceding insurers of clams management
ACSA
EXPANSION OF OR TAMBO INTERNATIONAL AIRPORT - JOHANNESBURG
Contract Value USD 1 BILLION
Risk Management Functions performed by our team:
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history of main contractors and subcontractors that were involved in the project
- Determined premium rating, deductibles, terms and conditions of Contractors All Risk policy
- Conducted engineering risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality
- of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to Munich Re at the time for their share of the risk.
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management
ACSA
KING SHAKA INTERNATIONAL AIRPORT IN DURBAN.
Contract Value USD 6 BILLION
Risk Management Functions performed by our team:
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history of main contractors and subcontractors that were involved in the project
- Determined premium rating, deductibles, terms and conditions of Contractors All Risk policy
- Conducted engineering risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to Munich Re at the time for their share of the risk.
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management
DEBSWANA DIAMOND MINING COMPANY, BOTSWANA -
ASSETS INSURANCE PROGRAMME
Sum Insured BWP 35 BILLION
Risk Management Functions performed by our team:
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history of main contractors and subcontractors that were involved in the project
- Determined premium rating, deductibles, terms and conditions of Contractors All Risk policy
- Conducted engineering risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to Munich Re at the time for their share of the risk.
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management
COEGA PROJECTS - EASTERN CAPE
Contract Value USD 2 BILLION
Risk Management Functions performed by our team:
- Designed and structured insurance classes for the Debswana diamond mining company
- Assessed the treaty capacity of Hollard Insurance Botswana in relation to the risk
- Assessed and determined excess risk to be reinsured on facultative basis
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history
- Quoted for different insurance classes
- Determined premium rating, deductibles, terms and conditions of Assets Risk policy
- Conducted risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to reinsurers at the time for their share of the risk.
- Responsible for management of claims and recovery portion of the risks reinsured
- Setting turnaround times for processing of claims
- Agreeing of services levels with other stakeholders such as brokers and panel-beaters etc.
- Negotiating claims settlements with insurance brokers, reinsurers and clients
- Generated monthly reports on the performance of the Debswana account
- Generated monthly claims reports to identify areas of concerns:
- Depending on the loss ratios, reviewed the account with the brokers concerned focusing mainly risk management strategy of the mining company
- Advised on the speedily implementation of risk improvements identified in either pre or post loss surveys
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management
BCL MINE, BOTSWANA - ASSETS INSURANCE PROGRAMME
Contract Value BWP 20 BILLION
Risk Management Functions performed by our team:
- Designed and structured insurance classes for the Debswana diamond mining company
- Assessed the treaty capacity of Hollard Insurance Botswana in relation to the risk
- Assessed and determined excess risk to be reinsured on facultative basis
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history
- Quoted for different insurance classes
- Determined premium rating, deductibles, terms and conditions of Assets Risk policy
- Conducted risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to reinsurers at the time for their share of the risk.
- Responsible for management of claims and recovery portion of the risks reinsured
- Setting turnaround times for processing of claims
- Agreeing of services levels with other stakeholders such as brokers and panel-beaters etc.
- Negotiating claims settlements with insurance brokers, reinsurers and clients
- Generated monthly reports on the performance of the Debswana account
- Generated monthly claims reports to identify areas of concerns:
- Depending on the loss ratios, reviewed the account with the brokers concerned focusing mainly risk management strategy of the mining company
- Advised on the speedily implementation of risk improvements identified in either pre or post loss surveys
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management.
JOHANNESBURG ROAD AGENCY - ASSETS INSURANCE PROGRAMME
Contract Value R169 MILLION
Risk Management Functions performed by our team:
- Designed and structured insurance classes for the Debswana diamond mining company
- Assessed the treaty capacity of Hollard Insurance Botswana in relation to the risk
- Assessed and determined excess risk to be reinsured on facultative basis
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history
- Quoted for different insurance classes
- Determined premium rating, deductibles, terms and conditions of Assets Risk policy
- Conducted risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to reinsurers at the time for their share of the risk.
- Responsible for management of claims and recovery portion of the risks reinsured
- Setting turnaround times for processing of claims
- Agreeing of services levels with other stakeholders such as brokers and panel-beaters etc.
- Negotiating claims settlements with insurance brokers, reinsurers and clients
- Generated monthly reports on the performance of the Debswana account
- Generated monthly claims reports to identify areas of concerns:
- Depending on the loss ratios, reviewed the account with the brokers concerned focusing mainly risk management strategy of the mining company
- Advised on the speedily implementation of risk improvements identified in either pre or post loss surveys
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management.
WATER UTILITIES CORPORATION BOTSWANA - MASAMA MMAMASHIA WATER PIPELINE AND WATER TREATMENT PLANT
Contract Value BWP 180 MILLION
Risk Management Functions performed by our team:
- Designed and structured insurance classes for the Debswana diamond mining company
- Assessed the treaty capacity of Hollard Insurance Botswana in relation to the risk
- Assessed and determined excess risk to be reinsured on facultative basis
- Evaluation of all technical aspects of the risk including designs and engineering standards
- Assessment of any aggravating and mitigating factors
- Evaluation of past loss history
- Quoted for different insurance classes
- Determined premium rating, deductibles, terms and conditions of Assets Risk policy
- Conducted risk assessments:
- Periodical site surveys to assess risk exposures
- Prepared engineering reports articulating the quality of the risk and pertinent exposures
- Determined monitory value of MPL and EML respectively acceptable to reinsurers at the time for their share of the risk.
- Responsible for management of claims and recovery portion of the risks reinsured
- Setting turnaround times for processing of claims
- Agreeing of services levels with other stakeholders such as brokers and panel-beaters etc.
- Negotiating claims settlements with insurance brokers, reinsurers and clients
- Generated monthly reports on the performance of the Debswana account
- Generated monthly claims reports to identify areas of concerns:
- Depending on the loss ratios, reviewed the account with the brokers concerned focusing mainly risk management strategy of the mining company
- Advised on the speedily implementation of risk improvements identified in either pre or post loss surveys
- Issued acceptance facultative reinsurance slips to ceding insurance company
- Advised ceding insurers on claims management.
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