Ariff Ali: The Fijian insurance industry

Presentation by Mr Ariff Ali, Governor of the Reserve Bank of Fiji, to the Standing Committee on Economic Affairs on the Reserve Bank of Fiji's Insurance Annual Report 2018, Suva, 16 January 2020.

The views expressed in this speech are those of the speaker and not the view of the BIS.

1. Introduction

• Thank you Honourable Chair and Honourable Members for the invitation to present the Reserve Bank of Fiji's Insurance Annual Report for 2018 to the Standing Committee on Economic Affairs. The Reserve Bank always welcomes such opportunities to explain to the Honourable Members of Parliament what, why and how we do the work that we do. 
• As you may be aware, the RBF is mandated under section 165 of the Insurance Act 1998 ('the Act') to submit the Insurance Annual Report to the Minister for Economy by 30 June of the following year. The Bank continues to effectively meet this requirement. Needless to say, the RBF continues to receive positive feedback on this publication as an excellent source of information and statistics on an important sector of the economy.