Inheritance
Tracing Agency is a wholly owned Namibian Company,
managed and operated by Namibians. Established in 2010, ITA specializes in
finding beneficiaries and unknown heirs as well as the re-unification of assets,
by providing pro-active search services to individuals, companies and the legal
entities in Namibia
According to the founder Andreas
Hamutenya, The Company’s services promote consumer education and serves as a
consumer protector. Clients can buy these financial products and services
without hesitation knowing that they will actually benefit from such products
in events of re-location or even death. Financial institutions are also
benefiting in terms of administration costs reduction as these institutions
won’t be dealing with the issue of making follow ups on where-about of
untraceable clients. By seeking out sources of misplaced assets in situations
where heirs can not be identified or located, the company boosts awareness,
confidence and trust among the general public with regard to financial products
and services, and hence creating, enhancing and developing the Namibian
financial sector and the whole economy at large.
ITA also helps Insurance companies trace
clients who have stopped paying their premiums without any notifications. On
successful trace, such clients are notified or reminded of their insurance
policies and help bring them on board again. This will help insurance companies
minimize lapses, and also increase revenue as more money will be flowing in
from these traced clients. Taking proactive steps, demonstrates a commitment to
corporate governance and social responsibility, reinforcing customer
perceptions of financial institutions’ brands, says Andreas.
In Namibian, it’s estimated that
millions of Dollars in life insurance and other types of financial payouts goes
unclaimed each year due to lost or unknown policies. Insurance companies may
not even be aware of members’ deaths, and find it difficult to track down
beneficiaries. In response to this
problem of unclaimed benefits, the company has launched a registry database
where members of the public can register the names of financial institutions
that have their financial assets. The main aim of the database is to ensure
that members’ efforts to secure their families’ futures don’t go to waste. This
provides members and their beneficiaries’ peace of mind, ensuring that members’
financial legacies are not lost due to simple human error, passage of time, re
locations, buyouts, natural disaster, or lack of communication. Your life
insurance company, bank or pension fund administrator’s name will always be
located somewhere for your designated beneficiaries to find it.
The database will allow registering
categories of accounts such as life insurance, safe deposit boxes, annuities,
investment/bank accounts or even simply stating the lawyer holding onto their
WILLS, or people appointed as their EXECUTORS/ESTATE ADMINISTRATORS, or just
any inheritable assets on the database. Members’ information will be protected
with physical and digital safeguards similar to those employed by banks to
secure online banking transactions.
Member information is further secured by
the fact that ITA does not ask for bank account numbers or insurance policy
numbers, bank balances/values or types of investments or policies. With only a
name of the clients' financial institution, a thief cannot penetrate these two
institutions without proper identification. In other words, any information to
be gained by breaching ITA security measures would be useless for purposes of
identity theft or other types of theft or fraud. Further information SMS ‘’info’’ to 95559 or
email: info@ita.com.na visit www.ita.com.na Telephone (061) 225186.
