Paramount Life owns a cell captive within Guardrisk. Guardrisk is registered in South Africa as an insurer for all statutory classes of short-term and life insurance business. Guardrisk is a wholly owned subsidiary of the MMI Group of companies.
As a result of its partnership with Guardrisk, Paramount Life has access to a wide range of benefits:
- A well capitalized insurance license
- access to capital and wholesale markets
- access to reinsurance markets
- access to international risk financing facilities
- increased corporate governance
All Paramount Life policies are underwritten by Guardrisk Life Limited