Other Sections

Pension & Insurance Supervision

The department supervises pension and insurance entities. The supervisory objectives are to:

  • Promote safety and soundness of pension and insurance sectors;
  • Protect the interests of pension scheme members and beneficiaries, insurance policyholders, and the public in general; and
  • Promote financial stability.

The department conducts: -

  • Prudential supervision of pension funds, insurance companies and reinsurance companies;
  • Market conduct supervision of pension services companies, pension administrators, custodians, pension brokers and insurance intermediaries including reinsurance brokers, insurance brokers, insurance agents, insurance claim settling agents, and insurance loss assessors/adjusters; and
  • Inspections to enforce employer compliance with Pension Act.

In addition, the department provides alternative redress mechanism for pension complaints.

For More Information, Contact:
The Director,
Pension and Insurance Supervision,
Reserve Bank of Malawi,
P. O. Box 565,
Blantyre - Malawi,
Email: pisu@rbm.mw