Year: 2021

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Heavy rains to increase loss ratios for insurers
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Heavy rains to increase loss ratios for insurers

Recent heavy rains across the country that caused extensive damage to property, such as houses and vehicles, are expected to significantly increase loss ratios for Namibia’s 15 short-term insurers, which in turn is expected to push up insurance premiums as losses mount for reinsurance companies.

Karibib residents wallowing in poverty
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Karibib residents wallowing in poverty

KARIBIB – Although surrounded by a major gold mine and several other smaller deposits, Karibib, a small, sleepy town where, on average, the income of most households is just below the poverty line, has been rocked with high skyrocketing levels of unemployment, as well as alcohol and drug alcohol abuse among the residents.