insert_link Business / Economics Namfisa’s Gariseb joins IAIS risk-based solvency forum The Namibia Financial Institutions Supervisory Authority General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been admitted to serve on the International Association of Insurance Supervisors’ Risk-Based Solvency Implementation Forum. NamFisa spokesperson, Victoria Muranda, explains the significance of this development. todayJanuary 16, 2024 30
insert_link Namibia Namfisa wants collaborative solutions for consumer complaints The Namibia Financial Services Supervisory Authority has received complaints from consumers mainly related to payment disputes, overcharged interest, non-payment of pension benefits, funeral benefit rejections, and non-payment of refunds or lapsed policies. NAMFISA spokesperson Victoria Muranda. todayDecember 20, 2023 27
Namibia Katutura Central constituency leadership plans to involve NamFISA to tackle City Of Windhoek debt interest "These people don't want long-lasting solutions ,and they use pensioners to try and make it seem as if they are putting in effort but the reality is they not ,they are running a social service like a private business." says Shaun Gariseb- a local leader in Katutura Central constituency. This is in regards to the City Of Windhoek's "write-off" of debts for pensioners,business and other debtors. todayDecember 13, 2023 15
insert_link Namibia NAMFISA has embarked on securing the long-term sustainability of the medical aid fund industry The Namibia Financial Services Supervisory Authority has embarked on proactive measures aimed at securing the long-term sustainability of the medical aid fund industry. In response to the escalating challenges posed by rising medical aid contribution rates, NAMFISA had this to say via spokeperson Victoria Muranda. todayDecember 8, 2023 7
insert_link Local NAMFISA takes measures to address rising cost of medical aid contribution rates The Namibia Financial Services Supervisory Authority (NAMFISA) has embarked on proactive measures aimed at securing the long-term sustainability of the medical aid fund industry. In response to the escalating challenges posed by rising medical aid contribution rates, NAMFISA is dedicated to member well-being and industry sustainability, and has implemented a temporary cap on some funds’ annual contribution increases, limiting it to a single-digit percentage (maximum increase of 9.99%). The […] todayDecember 8, 2023 9
insert_link Namibia Namfisa hosts public consultations on Consumer Credit Bill Namfisa spokesperson, Victoria Muranda, has revealed that as part of the mandate given to them by the Minister of Finance and Public Enterprises to spearhead the drafting of the Consumer Credit Bill they have been hosting numerous public consultations. todayDecember 4, 2023 6
insert_link Health / Medical No increase in member benefit for 2024 TO ALL: MEDIA PARTNERS, HEALTHCARE PROVIDERS AND MEMBERS OF MEDICAL AID FUNDS The Namibian Association of Medical Aid Funds (NAMAF) sets benchmark tariffs on an annual basis, which tariffs are used by all medical funds to set their member benefits from year to year. NAMAF continues to set these tariffs, despite being provided with a legal opinion from Senior Counsel that the setting of these tariffs by NAMAF does not […] todayNovember 29, 2023 201
insert_link Local The reality of the medical aid fund industry: secrecy, abuse of public power and unregulated BACKGROUND The medical aid fund industry recently informed the public and private sector healthcare providers that medical aid funds are experiencing financial difficulties, in that the funds are experiencing higher than expected claims as from 2022 and are now using past reserves to honour claims. In a presentation by Dr Johann van Zyl, an advisor to the Namibian Association of Medical Aid Funds (NAMAF) the main driver of the recent […] todayNovember 2, 2023 9
