Nacional Brokers
Insurance in Sandton

Nacional Brokers Lda was the first broker to register in Moçambique in the early privatisation phase in 1994.
We have ten staff members who deal with clients allocated to their portfolio.
We have a national client base but a stronger concentration of business and company management in the south of Moçambique.
To further complement the services we offer our clients we make use of an international Risk Management Consultant for surveying and Risk Management as there are no companies with these necessary skills locally.

Nacional Brokers Lda was the first broker to register in Moçambique in the early privatisation phase in In the four year period preceding this, the Managing Director had been working in an unofficial capacity for various local companies. During this period of time two Insurers were granted licenses and the market consisted of three Insurance companies and one Insurance Broker. We have a national client base but a stronger concentration of business and company management in the south of Moçambique. Our internet service is via cable as we use this extensively for daily communication and it is the most reliable. Due to the unique nature of business in Mozambique it is not yet possible to operate on a single system. We are currently insured at Lloyds' through a local insurance company for this risk in excess of legal requirements. Nacional Brokers is an independent company with private shareholding. The managing director has been with the company since initial operations commenced. Jeannette McHardy has worked in the insurance industry for twenty six years. She qualified as an FCII in 1986 whilst employed as an Account Executive in the Anglo Division of First Bowring (now Marsh). We have twenty staff members who deal with clients allocated to their portfolio. They manage all aspects of the account including claims. Technical audits are carried out on a monthly basis. There is a lack of skilled staff in the local market as insurance was not considered a necessity for many years. As a result the insurance industry did not keep up to date with international trends and developments. Due to the difference in methods of insurance technology our staff is trained in-house and attends courses given by local offices of South African Insurers. To further complement the services we offer our clients we make use of an international Risk Management Consultant for surveying and Risk Management as there are no companies with these necessary skills locally. We currently have over 200 commercial clients on our portfolio. The group manages the portfolio of each client differently and in accordance with the specific requirements of the client taking into account the type of risk, nature of the business and management style. In current times it is no longer possible or practical to insure each and every insurable risk. The possibility of currency fluctuations affecting the values is an important factor in the local market. The extent of exposure and the types of risks would be identified. In some instances we may utilise the services of a risk manager to assist in identifying risks and advise on how these risks could be managed. Recommendations on risks that could be retained and should be managed. Recommendations on the risk management aspects of the entire portfolio. The effective management of the asset portfolio and a sound balance of risk retention and insurance cover would reduce the current cost to the client. In our opinion it is equally important to implement and maintain a sound risk management program in order to minimise losses and ensure maximum effectiveness of the insurance covers. This should eventually contribute to further reducing costs as the program develops and becomes more effective.