While Momentum Africa’s initial focus has largely been on health solutions, we are now proud to offer a broad spectrum of group and retail life insurance products in selected markets as well. These include savings and risk products to employers, retirement funds and individuals.

We are able to provide affordable health care solutions and have differentiated ourselves by integrating the managed care and administrative processes of health plan management. Momentum Africa is a dominant participant in the move from traditional to new age medical schemes. This is reinforced by our product innovation, administrative efficiency and risk management capabilities.

Momentum Africa, part of Momentum (South Africa’s third largest insurance company) has enjoyed phenomenal growth on the African continent. We have operations in a number of countries in Southern, Eastern and West Africa, including Botswana, Ghana, Kenya, Lesotho, Mauritius, Mozambique, Namibia, Swaziland, Tanzania and Zambia. (Each of these businesses is registered according to local requirements and establishes strong local representation through staff, management and shareholding.)

Momentum is a wholly-owned subsidiary of the FirstRand Group – one of the largest financial institutions in South Africa and one of the top 10 listed companies on the Johannesburg Securities Exchange (JSE). Its activities include: Retail, corporate, investment and merchant banking; short-term insurance; life insurance; employee benefits; health insurance; and asset management.

As the name suggests, Momentum’s growth and performance are underpinned by its constant movement and energy, and the organization prides itself on the fast, fluid and innovative nature of its response to changing market conditions. Momentum’s health interests include Momentum Medical Scheme Administrators (MMSA) and together with Momentum Africa, manage a significant number of lives.

Since its inception Momentum Africa has distinguished itself as an innovator in the health care sector.

We have shown steady and healthy growth in recent years while earning a reputation for providing quality funding and administration services that are particularly well suited to meeting the needs of the African health care and insurance market.

One of our greatest strengths is our highly experienced and talented management team led by some of the most respected individuals within the South African health care and insurance industries.

The group employs a number of specialists throughout its operations.

Our business model is based on self standing business units providing administration and risk management services for medical schemes and insurance products within each country.

Each medical scheme and insurance product is registered locally and the accumulated funds are maintained and invested on local soil.

This enhances the performance of host country economics in general, facilitates the upgrading of health care facilities and infrastructure, alleviates fiscal pressures on governments and enables them to deploy more resources to pressing social upliftment and other developmental priorities.

Since its inception in 2006 Momentum Africa has focused on remaining agile and pro-active in providing corporate clients as well as individual members and their families with peace of mind and personalised, client oriented services.

Momentum Africa clients are able to select the appropriate cover from a spectrum of health care and insurance products ranging from the most comprehensive products to the most basic health care and insurance options.

The company is at present one of few fully comprehensive, health care fund and insurance managers that are totally geared to provide a wide range of service options to its clients.

At Momentum Africa we believe that education is an intrinsic element of empowerment and, in addition to its internal training and development initiatives, Momentum Africa supports several programmes aimed at enhancing education standards, within the Group.

Skills development of previously disadvantaged staff is a core focus, as are: procurement and enterprise development; the broadening of access to financial services; empowerment financing; and the support of SMEs managed by young black people.

Momentum Africa’s parent company FirstRand has a 28 percent black shareholding (direct and indirect) in its SA operations. Since 2003 FirstRand has channeled over R300 million to its SME private equity fund.

Where an employer group chooses to take up both health and other insurance products/ services, we are able to adopt an integrated risk management approach. Through our managed health care solutions we are able to achieve substantial savings in premiums by preventing potential disability and other claims.

Our dedicated managed health care division provides managed health care services to medical schemes under administration. The managed health care and other risk management processes are supported by an integrated information system.

The Momentum Africa managed health care philosophy is based on the fact that managed health care, when implemented effectively, must measure and manage performance, delivery and costs. As a result, the health and general well-being of the patient is automatically assured.

It is imperative to balance the patient’s interest that includes quality, affordability and accessibility of health care and the allocation of scarce resources.

Momentum Africa’s managed health care services include:

• Hospital risk management;
• Contracts and alternate fee schedules with health care providers;
• Retrospective review and clinical auditing of hospital accounts;
• Medicine benefit management;
• Adjudication of health care claims, including claims assessment;
• Health advice line; and
• Disease management programmes including HIV and Diabetes

Momentum Africa’s insurance business provide the following products:

• Life Insurance - Group Life Assurance, Funeral Insurance, Mortgage Insurance, Credit Life Assurance, Education Cover;
• Total & Permanent Disability Benefit;
• Accelerated Disability Benefit;
• Income Replacement Assurance;
• Pooled Investment Products