Namfisa GM appointed to global insurance oversight forum

Namibia Financial Institutions Supervisory Authority (Namfisa) general manager for insurance and medical aid funds Erich Gariseb has been appointed to the International Association of Insurance Supervisors’ (IAIS) Risk-Based Solvency Implementation Forum.

The forum focuses on aiding emerging markets and developing economies in enhancing their adherence to IAIS supervisory standards, particularly in establishing risk-based solvency regimes.

Gariseb has worked with the Johannesburg Stock Exchange and London Stock Exchange-listed financial services companies.

Namfisa’s chief executive Kenneth Matomola says this achievement is significant, both for the authority and Namibia.

“As the Namibian non-bank financial services sector undergoes its own transition from a compliance-based supervisory framework to a risk-based supervisory framework, having Erich Gariseb on the IAIS’ Forum holds immense benefits for the country.”

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