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Corprofit Systems Africa

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Tel: 011 787 5490
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.
CorProfit's integrated approach to harnessing the benefits of risk management and technology is an industry benchmark used by over 80 companies and thousands of users worldwide. Professional Services offered include Consulting, Development of Enterprise Risk Management Methodologies and Frameworks, Training, Facilitating Risk Workshops, Peer reviews and many more. CorProfit's successful track record in providing functionally rich, simple to use KnowRisk® software and innovative solutions has established us as South Africa's premier enterprise risk management solution provider.
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From The Glossary »

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Net Level Reserve:

A policy reserve computed by a method that makes no allowance for higher first-year expenses. A uniform portion of each year’s premiums paid by the insured is used for reserve purposes. Comes into play in the calculation of in-force premiums where there are cancellations or endorsements part-way through the policy term.
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