RIRF’S MANDATE

RIRF was established in November 2006 through the Insurance Act of 2005 and the Retirement Funds Act of 2005.

Subject to the provisions of these Acts the functions of the Registrar are:

• To supervise and exercie control over the activities of insurers and retirement funds in terms of these Acts and any other law of the Kingdom of Swaziland; and
• To advise the Minister on matters relating to insurance services and retirement funds either of its own accord or at the request of the Minister.

OUR VISION

The RIRF vision is:

“To  be  the  leading  financial  services  regulatory  authority  in  the  SADC  region adhering  to  international  best  practice whilst contributing  towards  stakeholder confidence and economic growth in Swaziland.”

OUR MISSION

The RIRF mission is to regulate and supervise the insurance and retirement funds Industry whilst;

1.  Ensuring the development, stability and sustainability of the industry by encouraging creativity and innovation whilst fostering adequate protection for consumers.

2.  Establishing a supervisory system that is risk responsive.

3.  Managing and minimising systemic risk and contribute towards combating financial crime.

4.  Promoting  compliance  with  international  best  practice  standards and principles, including good corporate governance.

5.  Establishing  efficient  and  effective  operational  systems  that  will be  of service to both internal and external stakeholders.

CORE VALUES

The Core Values that guide us as we execute our mandate of supervision and regulation are:

-  Integrity
-  Confidentiality
-  Accountability
-  Team work
-  Transparency
-  Consistency

ORGANIZATIONAL STRUCTURE