Oct 19, 2017 Last Updated 2:13 PM, Oct 19, 2017

RBM Not In Charge Of Regulating Malawi's Insurance Industry

RBM Not In Charge Of Regulating Malawi's Insurance Industry Image sourced at gettyimages.com
Published in Business News
Read 5550 times
Rate this item
(0 votes)

A Director at the Reserve Bank of Malawi has disclosed that the RBM still does not have full control over medical aid and insurance, pending completion of a regulatory framework on the matter.

There had been queries on the Registrar of Financial Institutions’ mandate to regulate medical insurance in the country, owing to disputes that arose about two years ago, between medical aid providers and hospitals.

There was a case, which saw disagreements over a medical aid institution’s failure to remit claim bills to administering health facilities.

The development led to the suspension of attendance to patients on medical insurance cover from the concerned Medical aid providers.

The Reserve Bank said then, that they could not intervene on such matters, as their mandate was limited.

This was due to a lack of a regulatory framework.

Speaking to Capital FM, the RBM’s Director Responsible for Pensions and Insurance Supervision Chimwemwe Kachingwe reveals that they have finalised drafting a Bill on the same.

362 comments

  • Comment Link Lélio Vieira Carneiro Junio Lélio Vieira Carneiro Junio Thursday, 19 October 2017 22:35

    Hmm it seems like your website ate my first comment (it was super long) so I guess I'll just sum it up what I submitted and say, I'm thoroughly enjoying your blog. I too am an aspiring blog blogger but I'm still new to everything. Do you have any points for first-time blog writers? I'd really appreciate it.|

  • Comment Link Luiz Gastão Bittencourt da Silva Luiz Gastão Bittencourt da Silva Thursday, 19 October 2017 20:41

    Amazing issues here. I'm very satisfied to peer your article. Thanks a lot and I'm looking forward to contact you. Will you please drop me a e-mail?|

  • Comment Link Moses Moses Thursday, 19 October 2017 19:54

    I am curious to find out what blog system you happen to be
    utilizing? I'm experiencing some small security issues with my latest blog and I would like to find something more risk-free.
    Do you have any suggestions?

  • Comment Link Itamar Serp Itamar Serp Thursday, 19 October 2017 18:44

    Greetings from Florida! I'm bored to death at work so I decided to browse your site on my iphone during lunch break. I enjoy the knowledge you provide here and can't wait to take a look when I get home. I'm shocked at how quick your blog loaded on my phone .. I'm not even using WIFI, just 3G .. Anyways, amazing site!|

  • Comment Link José Wilame Araújo Rodrigues José Wilame Araújo Rodrigues Thursday, 19 October 2017 16:33

    Hey very nice blog!|

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Capital FM Malawi CapitalFMMw Capital FM Malawi

POWER TO THE PEOPLE is back once again on The Vintage Show! Switch on from 10pm and keep it Capital!!!

3 hours, 54 minutes ago Reply Retweet Favorite
Ephraim Ephraim91600330 Ephraim

@nels_nkhata @CapitalFMMw @madaophiri Enjoyment

4 hours, 1 minute ago Reply Retweet Favorite
Dortie kakumangoni Dortie

Smh https://t.co/FU7AkNrE6d

9 hours ago Reply Retweet Favorite
Capital FM Malawi CapitalFMMw Capital FM Malawi

The Police are appealing to the general public to keep calm amidst escalating bloodsucking allegations in #Blantyre. #Malawi #CFMNews

9 hours, 11 minutes ago Reply Retweet Favorite
Capital FM Malawi CapitalFMMw Capital FM Malawi

RT @nels_nkhata: #PlayingForTheFirstTime @CapitalFMMw Quaggie - Zosadyabafa ft W-Twice mukuimva bwanji mabwana ndi madona?

10 hours, 56 minutes ago Reply Retweet Favorite

Find Us on Facebook