Renomia Benefit

RENOMIA BENEFIT a.s. is a Czech joint-stock company that provides financial advisory services and employee-benefit solutions. It is a subsidiary of RENOMIA, a.s., an insurance brokerage specialising in corporate insurance, and shares its registered office with the parent company in the Florentinum office centre in Prague. The company was created by renaming Britanika Holding a.s. and merging it with RENOMIA's specialised employee-benefits department, which focused on insurance and financial services for employees. Since 4 July 2017 it has operated under the name RENOMIA BENEFIT. The company was founded by RENOMIA, a.s. as a vehicle for entering the retail financial advisory market, combining that activity with the provision of employee benefits in insurance and financial services. In contrast to multi-level marketing structures, RENOMIA BENEFIT describes itself as having a flat organisational structure, and advisor commissions are tied to the quality of advice, measured for example through contract lapse rates (stornovost). RENOMIA BENEFIT offers comprehensive financial advisory services, primarily to private individuals. Its services are divided into four main sections: insurance, investments, loans, and employee benefits. The company states that it does not favour products from the same category through commissions — all products in a given category carry the same commission rate for advisors. Its aim is not to cover the entire range of available products or to cooperate with every financial institution; partner companies and products are meant to be carefully selected. In terms of products, RENOMIA BENEFIT offers personal, property, business-risk and vehicle insurance, travel insurance and more. For clients it also provides investment products such as building savings or supplementary pension insurance, as well as mortgage, consumer and business loans. The final group is advisory services in employee benefits, including the creation of benefit programmes tailored to each company — employer-contribution products, protection against risks connected with the performance of work, and special products such as kidnap or ransom insurance, health insurance and others. Notably, RENOMIA BENEFIT does not offer investment life insurance in its portfolio at all.

RENOMIA BENEFIT a.s. was established as a subsidiary of RENOMIA, a.s., an insurance brokerage company specialising in corporate insurance. By founding RENOMIA BENEFIT, RENOMIA entered the retail financial advisory market, combining that business with the provision of employee benefits in the areas of insurance and financial services. The legal entity behind the company originated as Britanika Holding a.s. It was renamed and simultaneously merged with RENOMIA's specialised RENOMIA BENEFIT department, which provided employee benefits in insurance and financial services. As a result of this renaming and merger, the joint-stock company has operated under the name RENOMIA BENEFIT since 4 July 2017. The company shares its registered office with its parent, RENOMIA, a.s., in the Florentinum office centre. It positions itself differently from multi-level marketing companies by maintaining a flat organisational structure, with advisor commissions determined by the quality of the advice provided — measured, for example, through the rate of contract lapses (stornovost). In its service model, RENOMIA BENEFIT divides its offering into four main sections: insurance, investments, loans, and employee benefits. It states that it does not use commissions to favour products within the same category, so that all products in a given category carry the same commission for advisors. The company's stated goal is not to cover the full range of available products or to work with all financial institutions; instead, partner companies and products are to be carefully selected. Its product range includes personal, property, business-risk and vehicle insurance, travel insurance, investment products such as building savings and supplementary pension insurance, mortgage, consumer and business loans, and employee-benefit advisory services including tailored benefit programmes, employer-contribution products, work-related risk protection, and special products such as kidnap or ransom insurance and health insurance. The company does not offer investment life insurance at all.

• RENOMIA BENEFIT a.s. begins operating under its current name following the renaming of Britanika Holding a.s. and its merger with RENOMIA's employee-benefits department.

Retail financial advisory combined with employee-benefit solutions, offered through a flat organisational structure with quality-linked advisor commissions and no commission preference within product categories.

• Insurance

  Personal, property, business-risk and vehicle insurance, travel insurance and other insurance products.

• Investments

  Investment products such as building savings and supplementary pension insurance; investment life insurance is not offered.

• Loans

  Mortgage, consumer and business loans.

• Employee benefits

  Advisory services including tailored employee benefit programmes, employer-contribution products, work-related risk protection, and special products such as kidnap or ransom insurance and health insurance.

1. 1Renomia Benefitwikidata.org
2. 2Renomia Benefitcs.wikipedia.org