Nico General Boss Heads Insurance Body

Insurance Association of Malawi (IAM) has elected Nico General Chief Executive Officer, Donbell Mandala as its president.

Mandala replaces Grant Mwenechanya whose term has expired. He was elected during an Annual general meeting in Blantyre last week.

United General Insurance (UGI) Chief Executive Officer, Bywell Chiwoni was elected as vice president.

Those elected into various subcommittee Chairpersons include Bywell Chiwonifor Motor, Robert Murigih from CIC for Accidents, Prakash Patil from General Alliancefor Fire, Engineering, Weather and Marine, Anti-Fraud, Dorothy Chapeyama form Reunion for Anti-Fraud, Abdul Mageed Dyton from Liberty General for Education, Research and Development, Christopher Mukwindidza from EmeritusRe for Secretarial Affairs, Finance and Investments, Dr Albert Mbawala from Prime for National Bureau and Mandala will chair Club and Ethics, Public Relations and External Liaison sub committees.

Mandala will be president for two year and pledged to establish IAM as key partner to government in financial services sector in driving the economic agenda of the government.

“I would also like to oversee and drive conclusion of the projects which are outstanding from my predecessor such as signed MOU with the Police, implementation and integration of the MALTIS system between Road Traffic Directorate and Insurance Companies and also push for adoption of the revised Road Traffic Act and growth of COMESA Yellow card sales,” said Mandala.

He also he will support the regulator of financial services, The Reserve Bank of Malawi (RBM)on the claims management directive to ensure its fully implemented in the market as this directive targets to benefit the customers.

“During my tenure I would like to develop a five year strategic plan for the association from 2018 to 2022 as the road map of its critical success factors, key priorities and activities to be carried on to deliver the strategy,” said Mandala.