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World Economic and Financial Surveys. Books and Analytical Papers. Departmental Papers. IMF Working Papers. Miscellaneous Publications. Per Jacobsson lecture. Policy Papers. External Sector Report. Fiscal Monitor. Global Financial Stability Report. Regional Economic Outlook. World Economic Outlook. The Solvency solution is a case in point. It offers crucial short-term insurance cover, combined with the ability to save and invest seamlessly.
A former insurance executive with over a decade of actuarial experience, Mahamba founded Solvency after working at a range of prominent South African insurance companies.
Through his work, he saw the opportunity to create a financial product that empowers consumers financially while also equipping them to manage the risk of negative life events, from burglaries to a car being written-off. The decision on how much to allocate to the ISA is guided by the excess the customer can afford in the event of a claim. If the client ever cancels the insurance policy, the full ISA is paid into their account.
The implications for South African consumers are significant. The Solvency approach creates financial opportunities to achieve far more with monthly insurance premiums than would otherwise have been the case, effectively allowing consumers to grow their financial strength by taking advantage of the power of compound interest. Submitted by Msuku Media. Load More…. Follow on Instagram. Latest Facebook Posts. Xtraordinary Women XOrdinaryWomen.
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