Fijivillage
31 March, 2020, 2:11 pm
Central - 27°C Rain
Fijivillage
NEWS SPORTS
31 March, 2020, 2:11 pm Central - 27°C Rain

Insurance industry in Fiji currently looking at providing cover for fishermen's boats and fishing assets

Insurance industry in Fiji currently looking at providing cover for fishermen's boats and fishing assets

By Pratika Mala
Friday 24/01/2020
Managing Director of Sun Insurance Inia Naiyaga

The insurance industry in Fiji is currently looking at providing insurance cover for fishermen for their boats and other fishing assets.

This was highlighted by the Managing Director of Sun Insurance Inia Naiyaga, while making submissions to the Parliamentary Standing Committee on Economic Affairs on the Reserve Bank of Fiji Insurance 2018 Annual Report. 

Naiyaga says they are having discussions with Pacific Financial Inclusion Programme about the various products they can introduce to support this sector.

He says the main issue with this is the collection of premiums from these fishermen as they are in outer islands as well.

He adds they are continuing discussions with the Ministry of Fisheries for assistance in the collection of premiums.

Pacific Financial Inclusion Programme is jointly administered by the UN Capital Development Fund and the United Nations Development Programme and receives funding from the Australian Government, the European Union and the New Zealand Government. Their objective is to increase the number of low-income Pacific Islanders who adopt formal financial services.

A member of the Parliamentary Standing Committee on Economic Affairs, Inosi Kuridrani has suggested that fishermen can pay  their insurance premiums when they come to pay for their annual fishing licenses.

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
COVID-19 Response Budget
Attorney General and the Minister for Economy, Aiyaz Sayed-Khaiyum presented the COVID-19 Supplementary Budget to parliament at 7.30 on Wednesday ...
4 days ago

COVID-19 (Coronavirus) Outbreak
An in-depth read on COVID-19 (Coronavirus) outbreak, and Fiji's state of preparedness as we deal with the virus reaching our ...
14 days ago

Vancouver 7s
The Fiji Airways Men’s National 7s team is still in third place with 83 points in the HSBC 7s series standing after their 6th place finish in the ...
20 days ago

TOP