Risk Management & Support Services
Specialist risk management and support services for South African insurance companies — delivering clarity, compliance, and confidence in an increasingly complex regulatory environment.
What We Do
We provide end-to-end risk management and compliance support tailored specifically to the needs of short-term and long-term insurance companies operating in South Africa.
Design, implementation and continuous improvement of ERM frameworks aligned to the FSCA's requirements and the South African insurance regulatory environment, including SAM principles and ORSA reporting obligations.
Enquire →Navigating the Insurance Act, FSCA Conduct Standards, TCF principles and IFRS 17 implementation. We provide compliance gap analyses, regulatory readiness assessments and ongoing compliance monitoring support.
Enquire →Identification, assessment and mitigation of operational risks across core insurance processes — from policy administration and distribution to finance, IT and third-party outsourcing arrangements.
Enquire →Systematic review of claims processes, reserving adequacy, fraud detection frameworks and leakage analysis. We help insurers protect margins while maintaining fair and efficient claims outcomes for policyholders.
Enquire →Development of underwriting governance frameworks, risk appetite statements and portfolio monitoring tools. We assist insurers in achieving disciplined, profitable underwriting outcomes aligned to their strategic objectives.
Enquire →Board and executive risk reporting frameworks, risk committee support, risk dashboards and governance documentation. Ensuring your leadership has the intelligence it needs to make risk-informed decisions with confidence.
Enquire →Who We Are
VFV Consulting (Pty) Ltd is a specialist risk management and support services company established to serve South Africa's insurance industry. We were created to bridge the critical gap between legal and compliance expertise and the practical, day-to-day risk management needs of modern insurers.
Our team brings deep knowledge of the South African insurance regulatory landscape — from the Insurance Act and FSCA conduct standards to IFRS 17 and Solvency Assessment and Management (SAM) — combined with the analytical rigour and strategic insight that the industry demands.
We partner with short-term and long-term insurers, cell captives, underwriting managers and insurance holding companies to strengthen their risk management culture, satisfy regulatory obligations and build long-term organisational resilience.
A member of the VFV Group. VFV Consulting is a registered entity within the VFV Group, an established South African legal and professional services group with roots dating back to 1979. Our consulting practice draws on the group's decades of legal, commercial and regulatory expertise to provide an unparalleled depth of insight to our insurance clients.
Why Choose Us
We are not a generalist consulting firm with an insurance practice. We are insurance risk specialists — and that distinction matters.
As a VFV Group company, we carry the legal insight of one of South Africa's established law firms into every risk engagement. This means our compliance advice is rooted in a deep understanding of the Insurance Act, FSCA regulations and the evolving conduct framework — not just best-practice theory.
Our focus is singular: the South African insurance industry. We understand the pressures facing Chief Risk Officers and compliance teams — from SAM and IFRS 17 to TCF and evolving cyber risk obligations. Our advice is practical, actionable and grounded in real insurance operations.
Every insurer has a unique risk profile, culture and strategic context. We do not offer off-the-shelf frameworks or generic templates. Each engagement is scoped, designed and delivered to your specific business — ensuring solutions that are embedded, owned and effective long after our engagement concludes.
Get in Touch
Whether you are looking to strengthen your ERM framework, prepare for a regulatory review or address a specific risk challenge, we would welcome a conversation. Contact us to arrange an initial consultation.