InvestSure is a new insurance product that insures listed shares bought on participating trading platforms, against losses arising out of the deceptive or misleading acts of management of the company.
Management honesty is one the most difficult risks to asses even for professional investors. If a hint of fraud hits the media, whether true or false, it can destroy the value of a company.
Our insurance product is designed for shareholders to protect them against any losses in share price caused by actual or perceived fraud committed by management. This enables investors to secure their investments.
The cost of the product is low enough to not significantly reduce returns for investors where no insurance event occurs but to provide significant downside protection where an insured event does occur.
This product is a world first innovation, developed in South Africa and supported by global partners.
Our technology is supported by AWS and is therefore highly available, highly scalable and very secure. The InvestSure technology is added to trading platforms which enables users to easily buy insurance on their shares with a single click. The full process from buying to insurance to settling claims is 100% automated.
Launching soon on the Easy Equities trading platform. Always looking for new opportunities.
Shane is a young entrepreneur who saw an opportunity to protect people from multiple scandals in the stock markets. He believes that investing in stocks is crucial to enhancing wealth over the long-term, but that certain risks could seriously harm that long-term goal. Shane qualified as a CA(SA) and is looking to change the game for ordinary investors.
Mbulelo is one of 6 South African finalists of the international Journey Re competition, hosted by Hannover Re in 2016 to celebrate their 50th birthday, in which participants developed innovative business models over a 6 month period. His personality and passion did not go unnoticed. Before his entrepreneurial passion took over his life he acquired 6 years of financial, capital management, risk management and actuarial science experience working for a large international corporate.
Iggy, as he is fondly known, is the I.T. wiz of the team. Iggy worked at various companies before joining Hannover Re, where he worked for 14 years and gained experience as a solutions architect. Iggy is passionate about technology development and finding innovative solutions, especially in the insurance industry.
Implementing ideas effectively
Jan 2017 - Concept created
Jul 2017 - Concept approved, development started
Nov 2017 - Recipients of R1 million is enterprise development spend from Bank of America Merrill Lynch in partnership with AlphaCode
Mar 2018 - Launching on the first trading platform, Easy Equities
Always looking for new opportunities