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Our Country
Namibia is in south west Africa. On its southern border is South Africa, to the east is Botswana and in the north Angola. Other neighbouring countries include Zimbabwe and Zambia. About 2.1 million people share the vast spaces of 824,000 sq km.
Namibia is divided into 13 regions and subdivided into 107 constituencies. Our 13 regions are -
| 01 Caprivi | 08 Ohangwena |
| 02 Erongo | 09 Omaheke |
| 03 Hardap | 10 Omusati |
| 04 Karas | 11 Oshana |
| 05 Okavango | 12 Oshikoto |
| 06 Khomas | 13 Otjozondjupa |
| 07 Kunene | |
The Namibian legal system is characterised by legal pluralism. It is an amalgamation of Westminster-style Constitutional law, Roman-Dutch common law, Customary law and International law. Most of what constitutes the corpus of Namibian law is not codified and must be distilled from the evolving body of jurisprudence.
The purchasing power of the economy is concentrated in the main centres of Windhoek (capital), Swakopmund, Walvis Bay, Keetmanshoop and Oshakati. Namibia's economy is tied closely to South Africa's due to their shared history. The largest economic sectors are Mining (10.4% of the gross domestic product in 2009), Agriculture (5.0%), Manufacturing (13.5%) and Tourism. Namibia has a highly developed Banking sector with modern infrastructure.
Our Client Mix
Our clients include small, medium and large Commercial, large Corporate as well as Multinational clients across the full spectrum of Commerce, Industry and Parastatal operations.
Our Main Strengths
Our overall service strengths include
- Corporate & Commercial Insurance Broking
- SME & Small Commercial
- Risk Management
- Risk Finance Consulting
- Specialist Insurance
- Claims Management
- Policy Management Services
Our product/service offerings include Corporate, Agriculture, Tourism, Construction, Mining, Transportation, Marine, Aviation, Specialised Liabilities (including Professional Indemnity and Director's & Officer's), Credit and Political Risks.
Our Local Insurance Market
Our market is closely linked to the South African insurance market. The major South African insurers registered in Namibia are Mutual & Federal, Santam and Hollard. There are two other conventional insurers, Western National and Prosperity. Lloyd's of London also have a registered presence.
Our Regulators
NAMFISA is a public body established in terms of the Namibia Financial Institutions Supervisory Authority Act, 2001 (Act No. 3 of 2001). It is tasked with the responsibility of regulating and supervising non-banking Financial Institutions in Namibia. It operates under the auspices of the Ministry of Finance and has no profit motive. Its operations are fully financed through imposition of levies, registration and penalty fees on Financial Institutions under its charge.
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