NBFIRA at the IIB 2017 Conference

The Authority was opportuned to officiate at the Insurance Institute of Botswana on the 19th of October 2017. Giving a keynote address, the CEO of NBFIRA Mr. Oaitse Ramasedi expressed gratitude of being part of the conference, themed "Growth, Inclusion, Sustainability". He highlighted one of the key objectives being; to encourage and assist the advancement of insurance education and knowledge, and generally, to promote any scheme which may tend to raise the standard of the insurance profession in the Republic of Botswana". 

Mr. amasedi further shared some of the objectives that show the importance of regulation over and above the NBFIRA's objective of contributing towards financial stability as being; 

- the protection of consumer interest, and directly, investor interests;

- maintanance of market confidence;

- minimisation of financial crime and;

- helping consumers to be able to make informed decisions;

The NBFIRA CEO concluded by encouraging IIB to nurture and protect the standing contracts and arrangements with sister bodies in the likes of IISA. He also urged attendees to go and impart knowledge gathered from the conference to benefit their colleagues, companies, the insurance industry and the general public, thus working towards financial stability.