About Us

IIN Logo

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

To provide and facilitate the development of insurance knowledge and skills which adhere to global standards
FURTHER STATUTORY OPERATIONS

OUR VALUE PROPOSITION

Business engagement, knowledge sharing and sustainable skills development in the insurance industry

OUR MISSION

To provide relevant insurance training

It To provide continuous professional development platform

It 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 – development in progress

OUR OBJECTIVES

Overall dissemination of professional insurance related knowledge and inculcation of sound insurance practices in Namibia

To represent and overall protect the professional status and shared interests of Members carrying on business activities related to the insurance industry in Namibia

To facilitate professional networking and beneficial social interaction amongst Members of The Institute

To facilitate and assist in providing a framework of professional standards, ethics and professional conduct of the Members

To regulate professional standards, ethical and professional conduct and where appropriate impose disciplinary measures for breaches of standards, ethics and conduct unbecoming

To advise on academic standards, facilitate learning interventions by the establishment of a library, promote and assist the study of appropriate study material or assist in skills development relating to any branch of insurance in Namibia

To award academic achievement or appropriate academic research relevant to the insurance industry in Namibia

To facilitate fair and equitable employment and employment relations in the insurance industry in Namibia

To do all such other lawful things including the purchase, rental, leasing, holding and disposal of property, both movable and immovable, as are incidental or conductive to the advancement of the objects of The Institute

To affiliate to, associate or merge with such other insurance institutes or other bodies as may in the opinion of the Council be deemed beneficial to the interests of The Institute

To control, apply and or invest funds and income for the purpose of giving effect to the objects

OUR OPERATIONS

in accordance with Objectives are as follows:

Seminars and courses offered

Establish, authorise and disseminate a Code of Professional Conduct for members

Establish Committees in accordance with legal requirements

Arrange and facilitate Year-end functions, Business breakfasts, Conferences in accordance and with related industry

Serve on advisory groups/committees re training and development in respect of insurance, e.g. Working Group on Entry Examination for Insurance Intermediaries

Gather information on qualifications and academic achievements of members;

Plan, establish/secure and maintain office infrastructure and training/conference venues for optimal utilisation as per requirements

Liaise with regional insurance Institutes, e.g. IISA, in order to learn from them and tap into their resources

FURTHER STATUTORY OPERATIONS
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