Only Registered Insurance Agents & Brokers May Operate
The Namibia Financial Institutions Supervisory Authority (NAMFISA), established under Act No. 3 of 2001, is responsible for regulating and supervising financial institutions and services in Namibia.
Under the Long- and Short-Term Insurance Acts, no one may operate as an insurance agent, broker, or reinsurance broker (excluding noncommission
earning employees of a registered insurer) unless officially registered with NAMFISA.
Key Legal Requirements:
- Only registered insurance agents or brokers may legally operate in Namibia.
- It is a criminal offence to transact with an unregistered agent or broker.
- Convictions can result in fines of up to N$150,000, up to 10 years' imprisonment, or both.
Should an insurance agent, insurance broker
or reinsurance broker fail to provide their proof of registration, then such agent or broker
should be reported to the Registrar of Long-term and Short-term insurance by lodging
a complaint with our Complaints Department at: (061) 290 5000 (main) or 290 5133
(Ms Marina K Ishidhimba) or 290 5207 (Ms Hilka Alberto), Fax: (061) 290 5122;
for online complaints email complaints@namfisa.com.na; visit www.namfisa.com.
na or visit us on the: 6th Floor, Alexander Forbes House, 154 Independence Avenue,
Windhoek.
* NAMFISA treats all information obtained from the public
with confidentiality.
Issued by:
Phillip N. Shiimi
REGISTRAR: LONG AND SHORT-TERM INSURANCE