Self Insurance
Your company can self-insure its death and disability obligations towards its employees through Old Mutual Alternative Risk Transfer (OMART), Old Mutual's long-term, cell-captive insurance company.
Features & Benefits
- A company-owned insurance cell that underwrites risk benefits.
- The level of cover is determined by the client's needs.
- Access to insurance and reinsurance expertise
- The ability to offer non-standard benefits to employees.
- A profit-sharing mechanism.
- Optimal balance between risk retention & risk transfer.
What is Old Mutual Alternative Risk Transfer (OMART)
OMART is a long-term insurance license administered by Old Mutual. It was specifically created to provide tailored structured insurance packages through a cell captive arrangement.
Cell captive means that your company actually uses a portion (cell) of the Old Mutual license to conduct elements of your business. It enables your company to conduct long-term insurance business that would otherwise require you to register and administer an additional license.