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Illustrated portrait of Namibia; geographic and cultural interpretation, not regulator premises.
← The regulatory atlasCOUNTRY PERSPECTIVE / Namibia

Non-bank financial regulator

NamibiaNAMFISA

Insurance supervision in Namibia.

AI-generated country illustrationSources checked

01 / The institution

Namibia Financial Institutions Supervisory Authority

NAMFISA's website records its establishment under Act 3 of 2001 and publishes 2026 implementation material for FIMA and newer legislation. Current commencement and transitional instruments must be read alongside the enabling acts.

How it is structured

Non-bank financial regulator

Institutional source ↗

The legal foundations

Mandate, written into law.

Establishing legislation and the rules governing insurance may be different instruments.

02 / Market signals

The numbers, with context.

Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.

2024 market dataNAD 14.4bn

Long-term gross premiums

Annual growth of 26.8%; not combined with medical-aid contributions.

Page 115 ↗
2024 market dataNAD 5.5bn

Short-term gross premiums

Annual growth of 18.1%.

Page 120 ↗

Insurance penetration. A current premium-to-GDP ratio has not been independently verified for this profile. No estimate is substituted.

03 / The report notebook

A dated view of the market.

What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.

ReviewedNOTE 01

2024 market data

NAMFISA Annual Report 2025 — insurance industry developments ↗

Long- and short-term insurance chapters reviewed, printed pages 114–123. The 2025 annual report presents industry figures for calendar 2024.

Active long-term policies

2.17m

Policy count rose 13.1% to 2,166,896. Policy counts are not counts of uniquely insured people.

NAMFISA Annual Report 2025 — insurance industry developmentsPage 117 · Country illustration
Read the original publication ↗

04 / Official contacts

Reach the institution.

Public institutional channels, checked 17 September 2026.

Research trail

Sources you can follow.

Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.

  1. Regulatory Frameworks - Namibia Financial Institutions Supervisory Authority (https://www.namfisa.com.na/regulatory-frameworks/) ↗Checked
  2. Official contact page ↗Checked
  3. Official institutional contact information ↗Checked
  4. NAMFISA Annual Report 2025 — insurance industry developments ↗Checked

Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.