{"id":35648,"date":"2023-03-19T08:41:25","date_gmt":"2023-03-19T08:41:25","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm"},"modified":"2023-03-19T08:53:35","modified_gmt":"2023-03-19T08:53:35","slug":"insurance-sector-legislation-in-urgent-need-of-updating-pm","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm","title":{"rendered":"Insurance sector legislation in urgent need of updating \u2013 PM"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Prime Minister Adriano Maleiane says that Mozambique needs to adapt its legislation of the insurance sector to the current reality and risk dynamics.<\/p>\n

Maleiane was speaking in Maputo after swearing in Ester dos Santos Jose\u0301 as President of the Board of Directors of the Instituto de Supervisa\u0303o de Seguros de Moc\u0327ambique (ISSM).<\/p>\n

\u201cWe recognize that there are still challenges to be overcome, related to the need to update the legislation of the insurance sector to adapt it to the current reality and dynamics of risks in the insurance market, in particular the fundamental risks related to climate change,\u201d he stressed.<\/p>\n

According to the prime minister, challenges include the need to promote the growth of the \u2018life and micro-insurance branch\u2019 in the country, to modernize information and communication systems, and control money laundering.<\/p>\n

Maleiane stressed that it was in taking into account this reality that \u201cwe recommend the recently sworn in and her team to make their contribution to the improvement of policies, strategies and institutional plans with a view to ensuring the continuous growth of the insurance sector in our country\u201d.<\/p>\n

He also recommended that she intensify \u2018insurance literacy\u2019 campaigns on the role of insurance in maintaining family income.<\/p>\n

For the successful achievement of these and other goals, Ester dos Santos Jose\u0301 should prioritise permanent dialogue with the various players in the insurance sector, as well as good management of the institution\u2019s human, financial and asset resources.<\/p>\n

In order to ensure the development of a stable, efficient and credible insurance market, the government in 2010 created the Instituto de Supervisa\u0303o de Seguros de Moc\u0327ambique, an institution dedicated to the supervision and inspection of insurance activity, in particular insurance companies and institutions, mediation bodies and supplementary pension funds.<\/p>\n

Prime Minister Maleiane explained that, in pursuit of the objectives for which it was created, the Insurance Supervision Institute has also been ensuring the promotion of consumer education and protection, in addition to fostering the growth of the sector.<\/p>\n

It was in this context, Maleiane said, that Mozambique had in the last five years seen the establishment of 19 insurance companies, one reinsurance company, two microinsurance companies, seven complementary pension fund management entities and 161 insurance intermediaries.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Prime Minister Adriano Maleiane says that Mozambique needs to adapt its legislation of the insurance sector to the current reality and risk dynamics. Maleiane was speaking in Maputo after swearing in Ester dos Santos Jose\u0301 as President of the Board of Directors of the Instituto de Supervisa\u0303o de Seguros de Moc\u0327ambique (ISSM). […]<\/p>\n","protected":false},"author":84,"featured_media":35646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,281,283],"class_list":["post-35648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nInsurance sector legislation in urgent need of updating \u2013 PM - Mozambique<\/title>\n<meta name=\"description\" content=\"Prime Minister Adriano Maleiane says that Mozambique needs to adapt its legislation of the insurance sector to the curre ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance sector legislation in urgent need of updating \u2013 PM\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Adriano Maleiane says that Mozambique needs to adapt its legislation of the insurance sector to the curre ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-19T08:41:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-19T08:53:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1679202707.03.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Insurance sector legislation in urgent need of updating \u2013 PM\",\"datePublished\":\"2023-03-19T08:41:25+00:00\",\"dateModified\":\"2023-03-19T08:53:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm\"},\"wordCount\":387,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1679202707.03.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/insurance-sector-legislation-in-urgent-need-of-updating-pm\",\"name\":\"Insurance sector legislation in urgent need of updating \u2013 PM - 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