The Namibia Special Risk Insurance Association (NASRIA) and the South African Special Risk Insurance Association (SASRIA) have signed an agreement that will facilitate the sharing of information in the financial and insurance sectors. 

The agreement will create an enabling environment for benchmarking in various aspects, such as the exchange of human capital for capacity-building, training, and development.
 
Other areas covered by the agreement are policies, finance, risk management, and innovative insurance products that support the financial inclusion of people in emerging economies.
 
The Managing Director of NASRIA, John Uusiku, said the signing is a sign of commitment to continue investing in research and development and explore emerging technologies.

"This MOC is therefore making a deliberate effort to create and nurture a mutual collaboration between SASRIA and NASRIA. Moreover, the MOC shall create opportunities for collaborations in the operational areas of mutual interests as follows: Collaboration on special risk product pricing and repricing. The development of insurance/reinsurance manuals. Collaboration on ICT best practices, policy administration, and actuarial services. Short-term staff attachments."
 
The Chief Executive Officer of SASRIA, Mpumi Tyikwe, says the MOU will enable the two entities to exchange ideas and learn innovative ways from each other.

"This collaboration that we are crafting basically allows us to learn some of the best innovative things that we are doing, because if you look at the two countries as much as the population, South Africa is bigger—64 million—and Namibia is just over three million— but the challenges that we are facing are similar."