Genasys continues growth as insurtech scaleup turns 25

Insurance software solutions provider Genasys is today (5 October 2022) celebrating 25 years in business as it continues to scale up. 

André Symes, co-chief executive of Genasys, said: “As we look to the next 25 years, we’re focused on how we scale and grow at a controlled pace, continuing to do what we do and continuing to do it well.

“The priorities are the same as they were back when we were first building the Genasys platform. Some things never change – and some things never should.” 

Genasys now supports clients across 23 countries in Africa, North America, Oceania, Latin America and the UK and manages a gross written premium of over £1.5bn.

Proud disruptor status 

In 2021, the £12.25m funding Genasys received from software scale-up investor Frog Capital was the largest investment ever into a South African-founded insurtech business.

Genasys opened its first international branch in London 2018 – where Symes is now based.

Co-chief executive Craig Olivier runs the offices in Johannesburg and Cape Town and together the duo leads a team of 110 and counting.

Symes said: “We’ve always seen ourselves as a challenger brand and we’re proud of our ‘disruptor’ status – but we’re equally proud that we’re now regarded as one of the leading core tech players in insurance.”

Olivier added: “Our entire Genasys business is built on the firm foundation of building trust in all our relationships with our people and our partners. We’re focused on getting it right and being a genuine partner.

“After 25 years in business we have a depth of knowledge that means that what we deliver works for insurance businesses because we understand their needs and speak their language.”