Regulatory Alerts2017-01-01
Insurance (Minimum Capital and Solvency Requirements for General Insurers) Directive, 2017
Issued by the Registrar of Financial Institutions in Malawi, this Directive establishes minimum paid-up capital and solvency ratio requirements for licensed general insurers. It mandates tiered capital thresholds of K750 million for insurers covering all classes and K400 million for those with two or fewer, alongside an 80% core capital rule and a mandatory 20% solvency ratio. The framework introduces detailed asset discounting and inadmissibility rules, restricts dividend declarations when solvency ratios fall below 30%, and outlines supervisory interventions and transitional compliance deadlines for existing insurers.
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