Print this page

RBM Not In Charge Of Regulating Malawi's Insurance Industry

RBM Not In Charge Of Regulating Malawi's Insurance Industry Image sourced at
Published in Business News
Read 32957 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.


  • Comment Link Pryazine Male Enhancement Pryazine Male Enhancement Monday, 23 July 2018 00:22

    What i don't understood is in fact how you're not actually much more smartly-favored than you may be right now.
    You're very intelligent. You know therefore considerably on the subject of this matter,
    produced me in my view imagine it from so many various angles.

    Its like men and women don't seem to be fascinated unless it's one
    thing to do with Woman gaga! Your individual stuffs excellent.
    All the time maintain it up!

  • Comment Link berghaus store online berghaus store online Sunday, 22 July 2018 21:55

    Im attempting to figure out how to subscribe to the RSS feeds, but cannot figure it out. Some help would be awesome Thanks
    berghaus store online

  • Comment Link buy jimmy choo online buy jimmy choo online Sunday, 22 July 2018 20:22

    Very detailed post! I agree with above poster! Ive your website bookmarked! I discovered this weblog quite helpful. The facts and exact suggestions are precisely what I was searching for.

  • Comment Link Best new balance Online Best new balance Online Sunday, 22 July 2018 16:40

    biederhof Chrissy caboodle frightfully ultrasonic nursling trails thermodynamics spongy
    Best new balance Online

  • Comment Link oakley golf shoes oakley golf shoes Sunday, 22 July 2018 16:40

    Zaubern mit Zauberei great content I do agree with all the ideas you have presented in your post. You must continue your writing. Im confident, youve a huge readers base already!
    oakley golf shoes