Unlocking Growth in Insurance

On 04 May 2018, #YourIIG in collaboration with the World Bank Group, Multilateral Investment Guarantee Agency, SAIA and the IISA hosted a special event held at GIBS Business School.

The theme of the day was the role of the insurance sector in unlocking growth and boosting shared prosperity in South Africa and Sub-Saharan Africa.

Speakers on the day included:

Dr. Thabi Leoka, who is an economist who has worked for various organisations in the financial sector. Thabi started her career as an Economist at Investec Asset Management in South Africa and London. She has also worked as an Emerging Markets Economist at Barclays in London and Head of Economic Research, SA at Standard Bank and the Chief Economist for SA at Renaissance Capital. Thabi has a PhD in Economics from the University of London, MSc in Economics and Economic History from the London School of Economics, and MA (Distinction) from the University of the Witwatersrand. Thabi was named the Economist of The Year 2017 by ABSIP. She writes for various publication both in South Africa and internationally.

Thembalihle (Themba) Baloyi, who is a founder and Executive Director of Discovery Insure. Themba joined Discovery South Africa in 2001 working on numerous initiatives where his role ultimately led to his 10-year vision launch of Discovery Insure. Themba is a Member of the Board of Directors in the following organisations:- Institute of Insurance of South Africa (IISA); Henley Business School Academic Board; South African Insurance Association (SAIA); Deputy Chair of South African Insurance Crime Bureau (SAICB). In 2003 he co-founded Black Insurance Professionals of Southern Africa (BIPSA). Themba holds a Henley Executive MBA and other qualifications including in 1999, Supervisory Management, Graduate Institute of Management and Technology (GIMT), 2002, Chartered Institute of Secretaries and Administrators, South Africa; 2003, Discovery Leadership Academy, Gordon Institute of Business Science (GIBS); 2004, Leadership Advancement Programme University of Cape Town - Graduate School of Business. Thmeba has also been awarded the Green Number in 2012 (for obtaining Ten Comrades Marathon-89.9kms Medals).

Keiko Honda, who is Executive Vice President and Chief Executive Officer of Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group. MIGA supports cross-border equity investors and lenders by providing coverage against currency inconvertibility and transfer restriction, expropriation, war and civil disturbance, breach of contract, and non-honouring of financial obligations. Honda works to further the World Bank Group’s mission of ending extreme poverty and boosting shared prosperity. To that end, MIGA’s portfolio supports investments in regions where capital is most scarce. MIGA is now the leading political risk insurance provider in fragile and conflict affected countries. As part of a personal commitment to raising the visibility of female leaders, Honda launched MIGA’s first Gender CEO Award in 2016. The award acknowledges the achievements of a woman leader among MIGA’s clients, and showcases the importance of women in leading and spurring private sector activity in developing countries. In a personal capacity, Honda is also a member of the Investments Committee of the United Nations. Before joining MIGA, Honda was the first woman senior partner in Asia at McKinsey & Company, where she advised financial institutions on corporate finance and strategy, and business development. Honda also served as a visiting associate professor at Hitotsubashi University Graduate School and as a professor at Waseda University Graduate School. Prior to that, Honda worked for Bain & Company, and Lehman Brothers. Honda holds a bachelor’s degree in consumer economics from Ochanomizu University and an MBA from the University of Pennsylvania’s Wharton School, where she was selected as a Fulbright Scholar.