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OUTsurance Group Ltd
JSE:OUT

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OUTsurance Group Ltd
JSE:OUT
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Price: 6 962 Zac 1.46% Market Closed
Market Cap: 106.2B Zac
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OUTsurance Group Ltd
Investor Relations

OUTsurance Group Ltd, a prominent player in the insurance landscape, was originally established in South Africa in 1998. It has since evolved into a household name renowned for its innovative approach to insurance. Situated within the competitive environment of the financial sector, OUTsurance disrupted traditional insurance models by introducing the concept of rewards for claim-free living. This unique strategy not only incentivizes clients to mitigate risk, but also enhances customer loyalty, setting the company apart from its more conservative counterparts. The model works by offering premium discounts and cash payments to clients who do not claim within specific periods, thereby aligning customers' interests with the company's profitability goals.

The company's business framework revolves around underwriting various insurance products, including vehicle, property, and business insurance. Revenue is primarily generated through the collection of premiums, which are price-optimized based on risk assessments and customer profiles. Through adept risk management and the use of data analytics, OUTsurance effectively navigates the balance between incoming premiums and outgoing claims. By leveraging direct sales channels and digital platforms, such as their mobile app and website, the company reduces operational costs, ensuring a competitive pricing edge and improved profit margins. Its success can be attributed to the synergy of innovative customer incentives and efficient cost management, which continue to fuel its expansive growth in South Africa and beyond.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Marthinus C. Visser
CEO & Executive Director

Marthinus C. Visser is the Chief Executive Officer (CEO) of OUTsurance Group Ltd, a prominent insurance company based in South Africa. He assumed the role of CEO in January 2018. Marthinus has played a crucial role in shaping the strategic direction of the company, overseeing its operations, and driving growth and innovation within the organization. Before becoming CEO, he served as the Chief Financial Officer (CFO) of OUTsurance, where he was responsible for managing the financial aspects of the company. His leadership is characterized by a strong focus on customer service, digital transformation, and expanding the company's market presence. He holds a degree in accounting and has a background in finance, which equips him well for his roles in leadership and management.

Mr. Jan H. Hofmeyr
CFO & Executive Director

Jan H. Hofmeyr is a senior executive at OUTsurance Group Ltd, a prominent South African insurance and financial services company. As a key part of the leadership team, he plays a significant role in the strategic and operational facets of the organization. With a focus on customer-centric and innovative solutions, his responsibilities likely involve overseeing various departments or initiatives aiming at enhancing service delivery, optimizing risk management, and expanding the business’s market presence. His professional background is rooted in financial management, strategy, and operational efficiency, which supports OUTsurance's continued growth and leadership in the sector. Through his career, he has acquired substantial expertise in the insurance and financial services industry, contributing to the strategic direction and success of the company.

Ms. Gabi Richards-Smith
Head of sustainability & Compliance

As of the latest information available, there is no public biography or profile for a Ms. Gabi Richards-Smith associated with OUTsurance Group Ltd. It is possible that she may not be a publicly recognized executive or officer within the company. If you have any other queries or need information about other executives at OUTsurance, feel free to ask.

Mr. Jacobus Schalk Human C.A., CA(SA), MCom(Acc)
Company Secretary & Financial Manager

Jacobus Schalk Human is a Chartered Accountant with credentials including C.A. and CA(SA), and he also holds a Master of Commerce in Accounting (MCom(Acc)). He has built an accomplished career in the financial services industry, particularly within the insurance sector. At OUTsurance Group Ltd, a prominent insurance company in South Africa known for its innovative approaches, Human has played a significant role in leadership. He serves as the Chief Financial Officer (CFO) at OUTsurance and is responsible for overseeing the financial operations, strategies, and regulatory compliance of the company. His expertise in accounting and financial management has been instrumental in driving OUTsurance's growth and ensuring its fiscal health. Jacobus Schalk Human's contributions have extended beyond traditional financial management, as he plays a crucial part in strategic planning and decision-making processes to advance the company's market position. His leadership in the financial domain is characterized by a focus on efficiency, profitability, and sustainable growth.

Contacts

Address
Johannesburg
12th Floor, The Bank Corner of Cradock and, Tyrwhitt Avenues Rosebank
Contacts
+27107532430
rmih.co.za