SA Actuarial Firm to Enter Local Market

SOUTH African actuarial firm, SolveCo is set to officially enter the local market next week, the company announced this week.
SolveCo was established in 2006 in South Africa as an independent actuarial company.
“Our combined backgrounds and expertise in the actuarial and technology sectors enable us to provide expert consultation on comprehensive business solutions to clients in the life assurance, pensions, health and short-term insurance industries,” SolveCo said.
Despite not having a physical presence in the country, SolveCo started offering actuarial services in Namibia in 2008 and currently serves a number of clients.
“Due to our current growth and presence in Namibia, we decided to open an office in Windhoek. A South African Trust is currently a 100% shareholder.
“We have just opened an office in Windhoek and thus, currently, do not have any Namibian employees. We aim to appoint Namibian citizens in our new branch and through this help train actuaries. We offer independent trustee training to aid pension fund trustees,” the company said.
The plan is to grow the branch and to employ Namibian citizens and Namibian actuaries, the company said.
Some of the clients are Namcor, the state oil company, ISG and Sanlam.