SafeRide Insurance Solutions — Appendices
A comprehensive list of all financial and operational assumptions underpinning the projections in this business plan is maintained separately and is available upon request to prospective investors during the due diligence process.
Section 16 · Business Plan
Appendices
A comprehensive list of all financial and operational assumptions underpinning the projections in this business plan is maintained separately and is available upon request to prospective investors during the due diligence process.
Appendix A: Glossary of Terms
| Term | Definition |
|---|---|
| GWP | Gross Written Premium – total premium income before reinsurance cessions |
| NWP | Net Written Premium – premium retained after reinsurance |
| Claims Ratio | Net claims incurred as a percentage of net earned premium |
| Combined Ratio | Claims ratio + commission ratio + expense ratio (below 100% = underwriting profit) |
| SCR | Solvency Capital Requirement under the SAM framework |
| IBNR | Incurred But Not Reported – reserve for claims that have occurred but not yet been reported |
| B-BBEE | Broad-Based Black Economic Empowerment |
| FSCA | Financial Sector Conduct Authority |
| POPIA | Protection of Personal Information Act |
| TCF | Treating Customers Fairly – FSCA conduct framework |
| SAM | Solvency Assessment and Management – South African prudential framework |
| FAIS | Financial Advisory and Intermediary Services Act |
| FICA | Financial Intelligence Centre Act |
| IRR | Internal Rate of Return |
Appendix B: Assumptions Register
A comprehensive list of all financial and operational assumptions underpinning the projections in this business plan is maintained separately and is available upon request to prospective investors during the due diligence process.
Appendix C: Founding Team Detailed CVs
Detailed curriculum vitae for each founding team member, including professional qualifications, career history, references, and directorship disclosures, are available upon request.
Appendix D: Letters of Intent
Letters of intent from prospective reinsurance partners, technology providers, and strategic distribution partners are available upon request and will be provided as part of the investor due diligence pack.
Appendix E: Actuarial Pricing Report
An independent actuarial pricing report prepared by [Actuarial Firm Name] supporting the premium rates and claims assumptions used in this business plan is available upon request.
This document contains proprietary and confidential information. Distribution without written consent is prohibited.