Managing risks and minimising their impact Mosidi Shomang

Managing risks and minimising their impact Mosidi Shomang

Shomang Brokers and Shomang Re are part of the Shomang Group, a service-driven risk management and advisory group. It is a 100% black woman-owned company.

Shomang Brokers was established in 2011 with the focus on working with clients to preserve what matters most to them. They do this by providing professional advisory services on how to structure risk transfer using insurance, intermediary services which includes placing the business, administering, reporting, renewing the portfolio and managing claims. Shomang Re, which is a reinsurance broker, was established in 2019. Its role involves structuring suitable reinsurance cover that suits the exposure of the client. The two companies are authorised Financial Services Providers, registered with the Financial Sector Conduct Authority.

What services does Shomang Group offer; which sectors do you work in and what growth trends have you noticed?

At Shomang Group, we’re specialists in reinsurance and insurance broking service. Our group of companies delivers simple, userfriendly risk management services that bring robust protection to our clients.

We provide risk and insurance solutions to state-owned companies, state entities, municipalities, commercial businesses, and personal clients.

How important are partnerships to Shomang Group?

Insurance is a tool to transfer risk. In order to understand clients’ needs and be able to provide excellent advice on how best to address the risk, we need to partner with them. Partnerships enable us to understand their risk exposure, and be able to work together in developing models that will suit individual and unique circumstances.

Do you have an inspiring message for businesses out there still recovering from the pandemic?

I believe that South Africans are a resilient nation. Despite the challenges brought about by the pandemic, they will rise again. As businesses we always have to remember the reasons why we opened the business in the first place. We can learn from history and prepare ourselves much better for such events. That is part of managing risk. Shomang Group of companies are here to work with different business and government structures to address risk exposures and implement insurance solutions that will minimise the impact.

Contact details: Unit G5 Greenstone Office Park Emerald Boulevard Street Greenstone Hill 1609

011 452 4662info@shomanggroup.co.zawww.shomanggroup.co.za