Legacy Risk Consult brings decades of underwriting expertise to help you design insurance products that are both profitable and accessible. We apply advanced data analytics and market insights to optimize risk assessment and pricing strategies.
Our Underwriting Approach
We leverage comprehensive data analysis to accurately assess risk and predict claims patterns. Our methodologies combine historical data, demographic insights, and market trends to create robust risk models.
Our pricing strategies strike the optimal balance between affordability for clients and profitability for your business. We consider market dynamics, competitive positioning, and client affordability to design sustainable pricing models.
We implement comprehensive risk controls and monitoring systems to protect against fraud, anti-selection, and excessive claims. Our proactive approach identifies and addresses risks before they impact profitability.
We continuously monitor product performance and make data-driven recommendations for optimization. Our approach ensures your products remain competitive, profitable, and aligned with market needs.
Key Benefits
Sustainable Profitability
Our underwriting strategies ensure your products remain profitable over the long term while maintaining competitive pricing that attracts and retains clients.
Reduced Claims Volatility
Through accurate risk assessment and proactive monitoring, we help minimize unexpected claims spikes and maintain stable loss ratios.
Market-Appropriate Pricing
We understand the affordability constraints of the lower-income market and design pricing that clients can sustain while ensuring adequate margins for your business.
Regulatory Compliance
All our underwriting practices align with regulatory requirements and industry best practices, ensuring your products meet FSCA standards and treating customers fairly principles.
Experience That Matters
With over 80 years of combined underwriting experience across South Africa's funeral insurance sector, our team brings unparalleled expertise in risk assessment, pricing, and product design. We've navigated multiple market cycles, regulatory changes, and economic conditions, giving us the insights needed to design resilient, profitable products.
Optimize Your Underwriting Strategy
Contact us to discuss how our underwriting expertise can help you design more profitable products while serving your clients effectively.
Discuss Your Needs