The Namibian insurance industry witnessed a lack of reinsurance capacity for a very long time. This meant that most insurance companies had to buy reinsurance business from abroad. As a result, large volumes of capital outflow was headed for abroad.
It is against this background that Namibia National Reinsurance Corporation was established by an Act of Parliament (Act No.22 of 1998) to become a truly Namibian enterprise tasked with carrying out reinsurance business in Namibia.
To be the preferred Reinsurance company!
To provide professional and quality reinsurance services to our clients and maximize shareholder returns
Foster long-term investment for our stakeholders
Adapt, anticipate and respond to change
Develop creative solutions to provide value for our stakeholders
Deliver excellence while enjoying what we do
Remain accountable and responsible to our stakeholders