The company’s name derives from Ancient Greek, ειĸος , which roughly translates to mean ‘all that is possible or probable’. Protecting a business against risk is traditionally seen as a cost; but Eikos embraces risk to work to clients’ advantage. The bespoke and hi-tech solutions that Eikos brings to its diverse client base, both transforms the way risk is understood and sets new standards for turning risk into reward.
Eikos is a group of companies all involved in the business of risk, its assessment, measurement and management. The Group was established in 1999, by a number of risk finance and marine insurance professionals. This team has been responsible for building a multi-national organisation, with a staff complement of more than 70 specialised personnel, servicing a broad client base across the world from offices in Johannesburg, Durban, Cape Town and London
The Eikos Group includes South African based marine risk specialist Eikos Risk Applications (Pty) Limited and London based strategic risk consultants Eikos Risk Capital Limited. The Group is independently owned, with 60% of equity held by its founder members, who constitute the senior management structure of the Group. In addition the Group holds a controlling interest in another related company, Group Risk Management Services Limited along with the associated RAS Administration Services Limited.
Eikos Risk Capital, operating out of the United Kingdom (London), provides its international client base with insurance structure related feasibility studies, risk assessments, risk control, insurance price setting and specialised risk financing solutions. ERC is one of the few specialist alternative risk transfer, retention strategy and risk finance companies operating in this field today.
Eikos Risk Applications Limited, operating out of South Africa, is a leading marine insurance broker and transportation and logistics risk consulting company, managing one of the largest marine broking portfolios in South Africa. ERA consults to a wide range of corporate clients from large financial services organisations and multi-national manufacturing concerns to smaller niche operators. ERA is widely recognised within the insurance and freight industry as a unique risk services provider.
Group Risk Management Services, operating out of South Africa, is responsible for the risk financing, placement and administration of the largest conglomeration of industrial risks in Southern Africa. The underwriting of these risks is through Isle of Man captive insurance companies.
RAS Administration Services Limited (RAS)
RAS Administration Services was established as an independent company in 1997, and provides a full range of insurance administration and co-ordination services to its client base.
Eikos has coined a phrase to define its approach, called Integrated Risk and Insurance Solutions (IRIS). The Eikos approach to insurance is pioneering in that it has developed and utilises state of the art risk analysis methodologies. Bespoke systems which have taken years to develop draw on over 25 years of risk management and finance consultancy expertise. The models accurately simulate outcomes which provide critical decision making tools for the client and for Eikos in structuring and pricing IRIS.