Great risk, great reward

When the opportunity to shake things up and work with likeminded people arose, Braam Vermeulen couldn’t resist. Three successful years later, the cliché ‘with great risk comes great reward’, rings true.

13 September 2019 | Business

Evany van Wyk







In only three years, Braam Vermeulen and his two other founding partners have painted Namibia red.

With an innovative business model, lower insurance premiums and reliable service, they now boast 8 000 clients, 70 employees and six branches across Namibia.

In his position as chief financial officer (CFO) at King Price Insurance, Vermeulen has one goal in mind: Helping the company become the preferred insurer in Namibia.

“But to have fun while doing it,” he adds.

Having fun and staying motivated is not difficult when you’re working at King Price, according to Vermeulen.

“We have a great bunch of people, with awesome attitudes. You don’t search for motivation, it finds you.”

Vermeulen admits there’s a lot of moving parts when it comes to looking after the finances of an insurance company.

Finding the perfect balance between the internal aspect, like capital management or reinsurance structures, and the external aspects, like the current economic climate or regulatory changes, is quite challenging at times.

But according to him, things could not go any better for the company that celebrates its third birthday this month.

“Since we’ve opened our doors, we’ve had continued month-on-month growth, which is incredibly rewarding to experience; especially at a time where most businesses are struggling,” says Vermeulen.

As CFO, Vermeulen is involved in all aspects of the business, and really enjoys finding solutions to tough challenges.

“I don’t stress too much. I believe that you need to control the controllable. If you can fix or change an adverse situation, then do so, but if you can’t, then learn from it. Stressing about it won’t change the outcome, it only fogs up a perfectly clear mind,” Vermeulen explained.

Although King Price takes up most of his day, Vermeulen is also an avid cyclist, which helps him to manage his stress and stay healthy. Family time is his top priority, which he spends with his wife and two children.

When it comes to choosing a career, he believes there is no right or wrong answer.

“I think it’s more important to have a positive attitude and a willingness to learn,” Vermeulen said.

According to him, he’d rather employ someone that wants to learn and has a great attitude, than a person with a bunch of degrees, but who’s unwilling to learn or adapt.

What is the best piece of advice he’s ever received?

“Things never turn out quite like the original plan and spreadsheet, but with the right team and attitude, things can always be fixed.”

Pic 1- Braam Vermeulen is the chief financial officer (CFO) at King Price Insurance.

PHOTO CONTRIBUTED

Similar News

 

’n Skool met ‘n verskil

1 day - 15 October 2019 | Youth

SkoolverslaggewerPro-Ed Akademie het in sy kort bestaan al telkens die nuus gehaal. Aan die einde van 2018 was dit eens dat Pro-Ed Akademie een...

Changing the world with passion

1 day - 15 October 2019 | People

Octavia Tsibes Ndaindila Haindongo is an ambitious 25-year-old.In 2013, she enrolled for her bachelor’s degree in environmental health and sciences at the Namibia University of...

Eens ’n Affie, altyd ’n Affie

1 day - 15 October 2019 | Education

Jo-Ané TredouxJaarliks is WAP gelukkig genoeg om oudleerlinge te ontvang wat terugkeer as onderwysers en dié jaar was geen uitsondering nie. Uit die alumni is...

Donsies en Veertjies

1 day - 15 October 2019 | Education

Aldo Horn Juffrou Elzeth Harmse en meneer Abie van Wyk het op 19 Julie 2019 toekennings by die Afrikaanse Taal- en Kultuurvereniging (ATKV) Pluimpietoekennings ontvang....

Juffrou Roline neem afskeid

1 day - 15 October 2019 | Youth

deur Janka Breytenbach en Kyla LacockSy hou al vir 43 jaar skool, waarvan sy vir 10 jaar by Pro-Ed as ‘n onderwyser gewerk het. Sy...

The Swakopmund Junior Town Council

1 day - 15 October 2019 | Youth

By Uendjiundja KangueehiThe junior town council is a platform where high school students from different schools get chosen to serve the community of Swakopmund. The...

HOOGTEPUNT VAN GRAAD 10

1 day - 15 October 2019 | Youth

deur Michaela Ströh ‘n Tydjie terug het ons as graad 10-klas na The Rock Lodge, Okahandja, vertrek vir ons graad 10-veldskool. Opgewonde ...

Kom ons bou brûe

1 day - 15 October 2019 | Youth

Benneton CalitzWAP het vanjaar drie spanne ingeskryf vir die Niktus Napso Kultuurfees se Brugboukompetisie in Swakopmund, waarvan een span 'n algehele tweede plek behaal het.Die...

Lei die tradisie

1 day - 15 October 2019 | Youth

Jo-Ané TredouxRondom dié tyd elke jaar, is die skool se leerlinge in rep en roer oor die nuwe groep leiers wat gekies word om WAP...

Latest News

’n Skool met ‘n verskil...

1 day - 15 October 2019 | Youth

SkoolverslaggewerPro-Ed Akademie het in sy kort bestaan al telkens die nuus gehaal. Aan die einde van 2018 was dit eens dat Pro-Ed Akademie een...

by ELIZABETH JOSEPH

Changing the world with passion

1 day - 15 October 2019 | People

Octavia Tsibes Ndaindila Haindongo is an ambitious 25-year-old.In 2013, she enrolled for her bachelor’s degree in environmental health and sciences at the Namibia University of...

by JUSTISIA SHIPENA

Eens ’n Affie, altyd ’n...

1 day - 15 October 2019 | Education

Jo-Ané TredouxJaarliks is WAP gelukkig genoeg om oudleerlinge te ontvang wat terugkeer as onderwysers en dié jaar was geen uitsondering nie. Uit die alumni is...

by Mariselle Stofberg

Donsies en Veertjies

1 day - 15 October 2019 | Education

Aldo Horn Juffrou Elzeth Harmse en meneer Abie van Wyk het op 19 Julie 2019 toekennings by die Afrikaanse Taal- en Kultuurvereniging (ATKV) Pluimpietoekennings ontvang....

by Mariselle Stofberg

Skrywers sonder grense

1 day - 15 October 2019 | Opinion

Rebecca FaulNa 'n lang jaar van harde werk en baie verskillende projekte is ek baie dankbaar om deel te kon wees van Waprant. Ek het...

by Mariselle Stofberg

Juffrou Roline neem afskeid

1 day - 15 October 2019 | Youth

deur Janka Breytenbach en Kyla LacockSy hou al vir 43 jaar skool, waarvan sy vir 10 jaar by Pro-Ed as ‘n onderwyser gewerk het. Sy...

by ELIZABETH JOSEPH

The Swakopmund Junior Town Council...

1 day - 15 October 2019 | Youth

By Uendjiundja KangueehiThe junior town council is a platform where high school students from different schools get chosen to serve the community of Swakopmund. The...

by ELIZABETH JOSEPH

HOOGTEPUNT VAN GRAAD 10

1 day - 15 October 2019 | Youth

deur Michaela Ströh ‘n Tydjie terug het ons as graad 10-klas na The Rock Lodge, Okahandja, vertrek vir ons graad 10-veldskool. Opgewonde ...

by ELIZABETH JOSEPH

Learners have their say on...

1 day - 15 October 2019 | Opinion

Due to the upcoming general election, schools are set to close earlier this year, on 22 November. The Zone visited A Shipena Secondary School and...

by JUSTISIA SHIPENA

Load More