Muadinohamba stays on as MVA Fund CEO

THE Motor Vehicle Accident (MVA) Fund’s Board of Directors yesterday announced the reappointment of Chief Executive Officer Jeremia Muadinohamba.

Muadinohamba’s new five-year contract starts on February 1. He joined the MVA Fund in February 2004.
Muadinohamba and his team are credited with having executed the Fund’s turnaround strategy in just over four years. Significant achievements included the repositioning of the fund through public education, reducing the turnaround time for the payment of claims from over two years to 30 days, eradicating a claims backlog of 11 000, registering close to 9 000 new claims and paying over 5 000 claims over the past three years at a total value of N$128,6 million.
Highlights during the past five years also include reducing the Fund’s actuarial deficit by N$293 million from N$520 million, building a formidable network of stakeholders through the Xupifa Eemwenyo road-safety project, and spurring legislative reform for the passing of the MVA Act of 2007, which redefined the purpose of the Fund from a fault-based to a ‘no-fault’ system providing emergency transport treatment, care and rehabilitation to all people injured in a road accident, regardless of the cause.
The Chairperson of the Fund’s Board, Dr Zandile Erkana, stated that ‘the Board of Directors reiterates its confidence in Mr Muadinohamba’s leadership and capabilities and wishes him all the best as he continues to lead the Fund to greater heights.’