What is a policy cession? A policy cession is the transfer of one party’s (the ‘cedent’) personal right to a claim to another (the ‘cessionary’). Any rights which the cedent had on that policy will now be transferred to the cessionary. In the case of a claim, the insurer will now pay benefits to the Read more about POLICY CESSIONS[…]
What is a Stock Exchange? A stock exchange is an organised market for the buying and selling (also re-ferred to as trading) of securities listed on the exchange. As the name sug-gests, it was mainly intended for the trading of ordinary and preference shares of companies. Today, exchanges offer more than the trading of ordinary Read more about THE STOCK EXCHANGE HOW IT ALL WORKS[…]
FINANCIAL LITERACY INITIATIVE (FLI) CELEBRATES FIRST YEAR ANNIVERSARY – FLI Team Last year on the 15th of March 2012, the honourable Minister of Finance, Saara Kuugogewla Amadhila officially launched the Financial Literacy Initiative in Windhoek, at the Soweto Market in Katutura. Since the launch of the initiative last year, it has been rolled out to Read more about FINANCIAL LITERACY INITIATIVE A NEW NATIONAL PLATFORM TO ENHANCE FINANCIAL EDUCATION[…]
Towards the end of 2012, NAMFISA, in partnership with the Toronto Centre – an international training centre on financial matters – hosted a one-week Microin-surance Supervisor Training Programme in Windhoek. The training brought together officials from various regulators in the SADC region, where officials learned the importance of promoting financial inclusion in their home jurisdictions, Read more about FROM THE CEO’s Office[…]