Reserve Bank of Malawi (RBM) believes the newly launched Bachelor’s Degree in Insurance and Risk Management at the Malawi University of Business and Applied Sciences (MUBAS) will bridge gaps in innovation and enhance rapid response during natural disasters.
Director of Pensions and Insurance Supervision at the bank, Paul Nyirenda, noted that insurance has been instrumental in helping companies and large-scale farm owners recover from catastrophes.
Nyirenda said this in Blantyre during the launch of the programme.
MUBAS Vice-Chancellor, Dr Nancy Chitera, said in the past, students had to travel abroad to pursue studies in insurance.
Chitera added that offering the degree locally will help ease forex challenges, as all payments will now be made in the local currency.
President of the Institute of Insurance in Malawi (IIM), Reuben Kamanga, stressed the importance of engaging local communities in insurance matters to sustain and enhance economic benefits.
By Ghwabupi Angela Mwabungulu
