The Insurance Association of Malawi (IAM) Tuesday donated various items including hospital gear for health workers at Queen Elizabeth Central Hospital (QECH) in Blantyre worth K7.5 million to help them fight the Covid-19 pandemic. Presenting the item, IAM president Bywell Blair Chiwoni who is also Chief Executive Officer for United General Insurance (UGI) hailed the […]
Nico General Chief Executive Officer Donbell Mandala has been elected new president of Insurance Association of Malawi (IAM) replacing Grant Mwenechanya whose term has expired. Mandala was elected at IAM Annual general meeting in Blantyre last week and the meeting also elected United General Insurance (UGI) youthful Chief Executive Officer Bywell Chiwoni as vice president […]
The Insurance Association of Malawi through the National Bureau of Malawi has partnered with the Road Transporters Operators Association (RTOA) to administer the Yellow Card Insurance Scheme, a regional third party motor vehicle insurance scheme. The two organizations signed a Memorandum of Understanding (MoU) in Blantyre on Tuesday where RTOA will be selling Yellow Cards […]
The Governor of the Reserve Bank of Malawi, Dr Dalitso Kabambe, will present a keynote address at the Insurance Conference slated for 17th to 19th August in Mangochi, Chairperson of the organizing committee of the insurance conference, Chimwemwe Kanyenda, disclosed this in an interview. Kanyenda said consistent with the provisions of Section 8 (2) of the […]
Malawi’s insurance industry is hit by fraudulent activities, with 30 percent of all claims processed being false particularly in the motor insurance section, Insurance Association of Malawi (IAM) has said. IAM president Dorothy Chapeyama disclosed this at an anti-insurance fraud training in the country’s commercial capital Blantyre. The training was among several others organized to […]
Insurance is a rapidly expanding sector in the modern day financial world offering a broad spectrum of various innovative products. Generally, it is believed that if you are willing to pay the premium, almost anything can be insured by an insurer. This is not correct! For instance, you cannot insure your neighbour’s car because damage […]