The Namibia Special Risk Insurance Association (NASRIA) has urged state-owned enterprises (SOEs) to work together to support government efforts. Ndapona Schleberger, NASRIA's Executive Marketing and Sales Manager, made this appeal during a stakeholders’ engagement in Lüderitz.

NASRIA, a state-owned entity, offers coverage under its Political Violence and Terrorism product, protecting against property damage and financial loss caused by events such as riots, civil unrest, lockouts, and labor disturbances.

In a bid to promote entrepreneurship, NASRIA recently introduced the Credit Guarantee Scheme. This initiative allows the insurer to provide collateral of up to 60% of the lending amount for qualifying SMEs.

“There are many ways SOEs can collaborate to support the government. We are shareholders, and we need to show significant contributions to uplift our people, especially the marginalized. It’s time to develop strategies that make a tangible impact,” Schleberger emphasized.

NASRIA also plans to roll out a pilot initiative offering insurance for livestock and crop production against natural disasters. 

“This product is market-ready. We are awaiting approval from the Ministry of Agriculture and hope to launch it next year. This will be crucial, particularly for communal farmers affected by droughts and floods,” Schleberger added.