Evolutionary Awards 2025 – Tennant Group: evolution in improving individual & member outcomes

Category: Evolution in improving individual & member outcomes

Describe your evolution:

We have developed an industry revolution in providing a Risk Reinsurance Profit share based product for any multinational (this only needs to be in two countries to apply).

For this the client gets an umbrella fund (designed to their specific needs), Risk to their specific needs, free cover limits as standard of R18,500,000 on GLA and at least 50% of the Reinsurance profit paid to the members share of fund with up to 50% going to the employer – our hope is that the employer opts to give this on to the members.

Describe the impact your evolution has had in response to its identified challenges and targeted outcomes.

Up to 38-48% of the risk premiums are expected to be paid to the members share of fund that would otherwise be lost to the insurers, this effectively increases their contributions or can be seen to lower risk premiums.

Supporting Documentation >