Municipal Insurance & State-Owned Entities
Municipalities and State-Owned Companies (SOC’s) are bound by constitutional mandate to provide services or products in the interest of the public. The public sector environment poses unique challenges such as inadequate capacity, lack of access to resources including skilled and experienced risk managers, limited resources and competing priorities in terms of funds.
Whilst most entities have some form of risk management in place, this is often not adequate, and not properly resourced. This can be seen in the risks that organizations transfer to insurers through purchase of insurance policies.
Marara Risk Solutions will provide a comprehensive solution to meet your requirements which will improve service delivery mandate whilst improving the Auditor General’s opinion and disclaimers. We will enhance the municipal asset register whilst mitigating the cost of risk (COR). Our integrated solution brings together the vast experience of our people, our strategic partners and our strong risk management philosophy underpinned by project management capabilities.
Our Services Includes.
• Insurance Placement
• Insurance and Policy Structuring
• Asset Valuation
• Risk Surveys
• Risk Financing
• Risk Retention
• Claims Management