Coen Welsh | Nov 14, 2017 | 0
Cross-border insurance regulatory and supervisory seminar to bring regional delegates together
The Namibia Financial Institutions Supervisory Authority (NAMFISA), will host the first cross-border insurance regulatory and supervisory regional seminar for delegates across sub-Saharan Africa.
The seminar will officially commence on Tuesday, 17 October at the River Crossing Lodge, in Windhoek and will conclude on Friday, 20 October and is jointly organised by the IAIS and Financial Stability Institute.
The event is aimed at co-operation and sharing of supervisory experiences with fellow Regulators of Insurance and other non-banking financial services sectors in the region.
“NAMFISA is honoured to have been selected as the facilitating body for this assignment. We look forward to engaging with our counterparts to share and obtain information from each other, more specifically, on how to harmonise and enhance Insurance regulatory frameworks to facilitate industry growth, access and to ensure 2 consistent, effective supervision within the sub-Saharan African region,” Kenneth Matomola, Chief Executive Officer of NAMFISA said.
Themed under ‘Corporate Governance and Risk Management’ the curriculum of the Seminar is centred on the requirements of Insurance Core Principles (ICP’s) and other international best practice principles in respect of the supervision non-banking financial institutions on the subjects of Enterprise Risk Management, Corporate Governance and Supervisory intervention tools.
Established in 1994, the IAIS is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions, constituting 97% of the world’s insurance premiums.
Its mission is to promote effective and globally consistent supervision of the insurance industry in order to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders and to contribute to global financial stability.