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The Insurers Association of Mauritius (IAM) held its 51st Annual General Meeting (AGM) on 27 March 2024 at the Labourdonnais Waterfront Hotel, in Port Louis. The President of IAM, Dr Rishi Sookdawoor presented the IAM 2023 Annual Review, highlighting the key achievements and progress made, and the key challenges to be addressed. He commented on the insurance industry being resilient, agile, and adaptable to complex economic and social challenges. He also commended the members of the Association for sustaining growth during challenging times, both in the long-term and general insurance business, as well as on their prudent management, good governance, customer centricity, and proper conduct. Dr Sookdawoor also put forward IAM's key strategic focus for the year 2024-2025, emphasising the need to strengthen the insurance sector with an improved market penetration for both long-term and general insurance, while embracing technology and innovations, and enhancing knowledge about risks and insurance solutions to mitigate them. He re-interated IAM's commitment to continue advocating for the right reforms to build an insurance industry that will continue to drive progress and protect the social and economic landscape in Mauritius. The event was marked by the presence of the Director of the Ministry of Financial Services & Good Governance, Mr Kresh Seebundhun, the Director of Supervision of the Financial Services Commission (FSC), Mrs Renu Audit, the Chairperson of the Insurance Industry Compensation Fund, Me Kivisha Goodar, the Chairperson of the Financial Services Fund, Ms Lakshmi Appadoo, and the Assistant Director of the FSC, Mr Akash Mishra.

51st Annual General Meeting

The Insurers Association of Mauritius (IAM) held its 51st AGM on 27 March 2024 at the Labourdonnais Waterfront Hotel.

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The Insurers Association of Mauritius (IAM) is pleased to announce the appointment of its new office-bearers who were elected at its 51st AGM held on 27 March 2024 at the Labourdonnais Waterfront Hotel, in Port Louis. The Secretary General, Mr Vasish Ramkhalawon, and the members of the IAM welcome the newly elected President, Dr. Rishi Sookdawoor, the Vice President (General Insurance), Mr. Abdel Ruhomutally, the Vice Present (Life Insurance), Mr. Bobby Cheeneebash, and the Treasurer, Mr. Winson Chan as office-bearers for 2024-2025.

IAM Office Bearers 2024-2025

The Insurers Association of Mauritius (IAM) is pleased to announce the appointment of its new office-bearers who were elected at its 51st...

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At the 51st AGM held on 27 March 2024, at the Labourdonnais Waterfront Hotel, IAM unveiled its new logo and repositioning strategy, signalling its strong commitment and role in shaping the future of the insurance industry.

IAM unveils its new logo

IAM unveiled its new logo & repositioning strategy, signalling its strong commitment & role in shaping the future of the insurance industry

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The President, Dr. Rishi Sookdawoor and the Secretary General, Mr. Vasish Ramkhalawon of the Insurers Association of Mauritius (IAM) met with the Minister of Finance, Economic Planning, and Development, Dr. Renganaden Padayachy, to exchange views and make proposals regarding the insurance industry, during a pre-budget consultative meeting in Port Louis. Mr. Vasish Ramkhalawon stated that the meeting was very positive and productive. Three key areas of significant importance both for the insurance sector and in terms of the latest situations prevailing in the country, were broached, namely: the pension system, medical insurance, and car insurance. Pension System Mr. Ramkhalawon proposed that the pension system be reviewed. He emphasised the need to secure a strong return on investment to ensure that the people receive their entitled pension benefits, while also taking into account all associated factors to enable accurate forecasting. Medical Insurance In light of the recent changes to the healthcare system, Mr. Ramkhalawon stressed the critical importance of ensuring the sustainability of the insurance industry to ensure continued healthcare services for the public. He added that: IAM is committed to providing its full support to its policyholders and society at large, but we first evolve into an empowering and enabling entity in our own right. Car Insurance Reflecting on the car losses resulting from the recent floods caused by climate change in Mauritius, the Secretary-General recalled that along with the Government’s generous assistance in providing financial support to the victims, the insurance industry responded just as quickly and effectively. It is thus imperative to ensure that this system is sustainable enough to cater to everyone’s expectations in the event of a crisis.

Pre-Budget Consultations 2024-2025

The President, Dr. Rishi Sookdawoor and the Secretary General, Mr. Vasish Ramkhalawon of the Insurers Association of Mauritius (IAM) met wit

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