Sirago focuses on offering unique Gap Cover products for the South African market. As an underwriting manager, Sirago seeks market opportunities in specific niche products. Our product development includes benefit determination based on medical scheme design, the premium rating, development of policy wording, and the distribution and marketing strategy of our product. We are underwritten by GENRIC Insurance Company Limited, an authorised Financial Services Provider and registered Short-term Insurer. Our core business revolves around the provision of critical benefits to policyholders who are faced with unforeseen medical expense shortfalls, which are not fully covered by their medical schemes.
It is no secret that the provision of basic health services in South Africa and the wider Sub-Saharan African countries is less than adequate. Specialised health services are even more inaccessible to the average citizen. In South Africa the lack of structured mechanisms to ensure that funds are spent effectively, often results in inadequate quality control, and insufficient proper standard risk management and social healthcare programs, which results in the State continually having to manage the healthcare demand with inappropriately used healthcare funding.