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NAMIBIA INTERNATIONAL INVESTMENT CONFERENCE

NAMFISA. NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY. - Safeguarding the Nation's Wealth! -. NAMIBIA INTERNATIONAL INVESTMENT CONFERENCE. DEVELOPING THE NON-BANKING SECTOR IN NAMIBIA: ”NAMFISA’S ROLE”. . Presenter: Mr. R. Ritter 31 October 2007 Safari Motel. NAMFISA.

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NAMIBIA INTERNATIONAL INVESTMENT CONFERENCE

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  1. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - NAMIBIAINTERNATIONAL INVESTMENT CONFERENCE DEVELOPING THE NON-BANKING SECTOR IN NAMIBIA: ”NAMFISA’S ROLE”. Presenter: Mr. R. Ritter 31 October 2007 Safari Motel

  2. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Agenda • Introduction • The role of the regulator 3. Live Insurance • Short Term Insurance 5. Capital market • Pension assets • Why invest?

  3. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Introduction • NAMFISA • NAMFISA revisited its Vision and Mission after the FSAP report by the IMF and World Bank in 2006. • The Vision of NAMFISA – To become by 2010, a high-performance, internationally respected regulator of the non-banking financial sector that creates a stable, safe and viable financial system that contributes to the economic development of Namibia. • Namibia is a member of IAIS and IOPS. In the beginning of 2007 NAMFISA applied for membership of IOSCO. We adhere to international recognized principles.

  4. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - The role of the regulator • To move towards international norms and principles. • Our objective as a regulator is to be fair and objective and promote efficient, safe and stable financial markets. • Have effective legislation in place. • Financial Institution must adopt a risk-based approach. • Strike a healthy balance between regulation and over-regulation. • Good dialogue between the industry and the regulator.

  5. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Life Insurance shows a healthy growth

  6. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Short term insurance coming out of the doldrums

  7. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Capital Market

  8. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Pension assets- domestic asset requirements

  9. NAMFISA NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY - Safeguarding the Nation's Wealth! - Why invest in the non-banking financial sector? • Government’s policy of domestic asset requirements and the size of assets creates opportunities. • Move towards international excepted principles in supervision and regulation. • Good profits in the life and asset management industry. • New business models and the low income segments of the markets are still untapped.

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