The Cayman Islands based insurer said it had decided to go ahead with its plans to develop the product – a single premium regular savings plan – following a positive response to its market research earlier this year.
Bob Pain, the UK-based managing director of Investors Trust, said Africa is of interest to Investors Trust, “as many of the countries within the continent are developing quickly, but are not the focus of many of our competitors.
Therefore, the IFAs there have a limited choice of providers and products. We believe we can fill this gap.
“We will partner with IFAs, many expat, but not exclusively, as there are local IFAs who are interested too. There is also a potential wholesale partnership where the partner will be looking to white label our product and distribute to their own network of advisers.”
The focus is on the southern countries of Africa initially.
“Our IFA and customer platform can accommodate Portuguese as well as English, which will help promote the proposition,” said Pain.
