OUR SERVICES
Proud to Partner with Industry Professionals
Protect your people, property, and prosperity from the devastating impact of fire.
Fire Risk Assessments
Our assessments offer tailored risk solutions aimed at mitigating complex risks. While achieving complete elimination is often impractical, our recommendations provide valuable guidance for managing and mitigating identified hazards based on the final assessment.
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Fire protection and detection systems are essential for preventing losses and safeguarding assets. Our comprehensive risk surveys delve deep into identifying and analysing potential risk exposures related to property damage and business interruption. Our reports include specific recommendations for loss prevention, helping reduce the overall Level of Risk (LoR) organisations may face during fire-related events.
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Throughout the report we propose cost-effective risk response methodologies that adhere to National Building Regulations (NBR) and Local Authority By-Laws. We prioritise the implementation of the most appropriate and feasible measures to mitigate identified risks.
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We collaborate extensively with industry specialists, including ECSA registered fire engineers and other fire industry experts, before presenting our findings to clients and insurance companies.
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Additionally, we determine the Maximum Probable Loss (MPL) through the analysis of various loss scenarios. This process involves calculating a realistic and likely MPL, aiding insurers in understanding the risk and making informed underwriting decisions.
Enterprise Risk Management
At Credelex, we take a comprehensive, enterprise-wide approach to risk management. Our ERM services go beyond addressing individual risks in silos - we work closely with your organisation to integrate risk management into your overall business strategy and decision-making processes.
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We apply the principles outlined in ISO 31 000 Risk Management to systematically identify, assess, treat, and monitor risks associated with enterprise-wide operations and activities. This involves conducting an in-depth analysis of the organisation's risk landscape, identifying potential threats, vulnerabilities, and opportunities, and quantifying risk exposure and impact across all facets of the business.
Through our ERM offerings, we'll help you:
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Establish a robust risk governance structure and reporting processes
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Identify, assess, and prioritise risks across your entire enterprise
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Develop integrated risk mitigation and contingency plans
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Align your risk management objectives with your strategic business goals
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Foster a culture of risk awareness and proactive risk management
By implementing a holistic ERM framework, we'll empower your organisation to make more informed, risk-intelligent decisions that drive sustainable growth and success.
Integrated Risk.
Aligned Strategy.
Accelerated Growth.
Deep Expertise.
Smarter Risk Management.
Insurance Risk Assessments
As companies grapple with soaring inflation and constrained supply chains, a "hardening market" has emerged - characterised by rising premiums, stricter insurance risk requirements, and reduced coverage availability. In response, insurers are intensifying their scrutiny of high-risk sectors and tightening their risk tolerances. Concerns over increasing fire-related claims have further prompted insurers to hike premiums and impose more rigorous risk requirements for all risks associated with hazardous materials.
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Sectors experiencing a surge in fire-related incidents, particularly those involving combustible building materials such as Thatch, Aluminium Composite Panels (ACP), and Expandable Polystyrene (EPS), are under heightened scrutiny from underwriters.
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At Credelex, we demonstrate a deep understanding of complex risk landscapes, enabling us to deliver comprehensive and accurate risk assessments. We specialise in identifying potential threats and vulnerabilities, quantifying risk exposure, and recommending practical mitigation strategies that align with regulatory standards.
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Our collaboration with leading industry experts ensures that our assessments are rigorous, credible, and informed by the latest insights and best practices. Credelex moves beyond traditional risk assessment methods to provide innovative solutions tailored to the unique requirements and challenges of each insurance company and their clients.
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Having successfully guided numerous clients through challenging insurance cycles, partnering with Credelex offers:
Accurate and Thorough Analysis: We conduct in-depth evaluations of risk landscapes, leaving no stone unturned in identifying potential threats and their impact on the organisation’s overall risk profile.
Tailored Risk Mitigation Strategies: Our recommendations are customised to each client's specific circumstances, ensuring practical, effective, and sustainable risk management solutions.
Regulatory Compliance: We stay abreast of evolving regulatory requirements and ensure that our assessments align with industry standards, such as SANS and NFPA, helping insurance companies mitigate compliance risks.
Collaborative Approach: We work closely with insurance companies to understand their objectives and concerns, fostering a partnership built on trust, transparency, and shared success.
Why partner with us?
"In a hardening insurance market marked by rising premiums and stricter risk requirements, Credelex delivers expert, innovative risk assessments, helping insurers navigate complex fire-related exposures and safeguard against emerging threats."
REACH OUT
SCHEDULE A CONSULTATION
Step 1
Reach out to us via email or telephone, and we'll promptly respond during business hours.
Step 2
We'll arrange a meeting through Teams or in a physical setting to discuss your specific requirements.
Step 3
We establish the scope and requirements and schedule the assessment accordingly.
Step 4
Our team will collaborate to deliver a comprehensive report containing the relevant solution for your needs.
DISCLOSURE Credelex is not authorised as a financial services provider. However, if any treatment solution involves financial services, it will be managed through our trusted authorised financial services partners or your broker/insurer. Our reports should not be viewed as rational fire designs or confirmations of compliance or non-compliance with local authority bylaws or National Building Regulations. The rationalisation of all fire treatment methodologies must be carried out by a registered fire engineer affiliated with the Engineering Council of South Africa (ECSA). Upon implementing fire treatment measures, obtaining a Form 4 Completion Certificate is necessary. In cases where an Occupation Certificate has not been issued, obtaining a Fire Clearance Certificate (FCS) from the Local Authority is required.
"If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business."
Gary Cohn