Malawi Broadcasting Corporation
Local News

RBM calls for Insurance Act review

The Reserve Bank of Malawi (RBM) Governor Wilson Banda has proposed a review of Insurance Act to boost the insurance sector’s growth.

Speaking during the Insurance Institute of Malawi IIM Annual Charter Dinner in Blantyre, Banda emphasised that the current Act is slowing down the growth of insurance penetration, which remains less than two percent, negatively affecting the economy.

Meanwhile, the institute has ushered in new leadership with Reuben Kamanga Kawalele taking over from Hastings Kapesa as president.

The Charter Dinner was held under a theme: “Building resilience through Insurance in times of economic turbulences.”

 

By Simeon Shumba

Print Friendly, PDF & Email

Related posts

Chakwera condemns corruption in developmental initiatives

MBC Online

Njewa, Kalumba now senior chiefs

Olive Phiri

NICO doubles sponsorship for National Schools Chess League

MBC Online
error: All Content is protected. Copyright © 2022. Malawi Broadcasting Corporation. All Right Reserved.