ORCHARD INSURANCE LIMITED "ORCHARD"

Business Description

Orchard provides short term insurance products in Swaziland. It was established in 2009, but only began providing insurance underwriting services from January 2011. It started out by providing credit life and funeral cover policies to the client base of The Select Africa Group (a micro financing business). Orchard is now in the process of expanding its product range to offer a broader range of short term insurance products to its established client base. Orchard can underwrite the following lines of business:

  •  Credit life insurance;
  • Funeral insurance;
  • Auto insurance;
  • Property insurance (e.g. fire protection);
  • Accident and health insurance;
  • Engineering insurance; and
  • Worker’s compensation insurance.

Orchard reinsures 90% of its insurance book, and is backed by two global reinsurance partners, Munich Re and Swiss Re. 

Orchard services approximately 4% of the short term sector in Swaziland (source: Registrar of Insurance and Retirement Funds (“RIRF”) 2013).


Investment Themes


Value Creation

Orchard is still in early stage growth phase. Through the Manager, interaction is had with management on growth strategies and monthly report backs are given. These report backs provide updates on milestones achieved to date and business development.