About Us
Our Background and History
16 July 1971 was an important date for insurance people in the then South West Africa. On that day, a meeting at the Windhoek Sportklub of 38 representatives of insurance companies, Intermediaries and agencies decided to proceed to establish the Insurance Institute of South West Africa.
The inaugural meeting of the Institute took place on 17 April 1972 and initially 63 individuals joined the Institute. In his opening address, the recently elected President, HK Borchardt, informed the meeting that the Institute was ready to function properly. It would arrange functions, lectures, education and entertainment for the benefits of its members. The President stressed that an important aim would be to promote education, thereby raising the standard of efficiency, technical and otherwise, of insurance personnel, particularly of the younger generation who should be encouraged to make a deeper study of insurance by enrolling for the examinations.
Following a few years of dormancy, The Insurance Institute of Namibia was revived and became operational on a full-time basis on 01 August 2010.
This initiative is driven from the Namibia Insurance Association (NIA), the Namibia Insurance Intermediaries Association (NIBA) and the Namibia Insurance Claims Adjusters Association (NICAA) in respect of Short Term Insurance initially with the aim to provide and maintain a central organization for the promotion of efficiency, progress, welfare, knowledge, skills development and the general good and development among persons engaged or employed in the insurance industry.
Therefore the objective is to provide a vehicle for members’ personal growth and interaction, serves as a forum for sharing ideas and knowledge, is a point of connection and prime mover for advancing members’ interest within the industry.
In order to fulfil these objectives, The Institute needed to be aware of and understand the current skill level, skills requirements and demand in the Insurance Sector in Namibia.
The first Logo of IIN, which subsequently changed
OUR VISION
OUR VALUE PROPOSITION
Business engagement, knowledge sharing and sustainable skills development in the insurance industry
OUR MISSION
To provide relevant insurance training
To provide a continuous professional development platform
To obtain international recognition for insurance programs in Namibia
It Ensure adherence to professional conduct
OUR SERVICE OFFERINGS
Formal training courses
Informative sessions
Award ceremony – Graduation
Social function
Invigilation
House administration
Online Learning/E-learning – contineous development in progress
OUR OBJECTIVES
To disseminate professional insurance-related knowledge and promote sound insurance practices throughout Namibia.
To represent and protect the professional status and shared interests of members engaged in insurance business activities in Namibia.
To facilitate professional networking and foster beneficial social interactions among Institute members.
To establish and uphold a framework of professional standards, ethics, and conduct for members, and to regulate these standards. Additionally, to impose disciplinary measures for breaches of standards, ethics, or conduct unbecoming.
To advise on academic standards, facilitate learning through a library establishment, promote appropriate study materials, and assist in skills development within all branches of insurance in Namibia.
To recognize academic achievements and support relevant academic research in the Namibian insurance industry.
To promote fair and equitable employment practices and relationships within the Namibian insurance industry.
To engage in lawful activities that contribute to the advancement of the Institute’s objectives, including the acquisition, rental, leasing, holding, and disposal of movable and immovable property.
To affiliate, associate, or merge with other insurance institutes or bodies deemed beneficial to the Institute’s interests by the Council.
To manage, apply, and invest funds and income to effectively achieve the Institute’s objectives.
OUR OPERATIONS
Our OPERATIONS, in accordance with Objectives, are as follows:
Offer seminars and courses.
Establish, authorize, and disseminate a Code of Professional Conduct for members.
Establish committees in accordance with legal requirements.
Arrange and facilitate year-end functions, business breakfasts, and conferences related to the industry.
Serve on advisory groups/committees regarding training and development in insurance.
Gather information on qualifications and academic achievements of members.
Plan, establish/secure, and maintain office infrastructure and training/conference venues for optimal utilization as per requirements.
Liaise with international insurance institutes such as IISA to learn from them and tap into their resources.