REQUEST FOR CONSULTANT'S EXPRESSION OF INTEREST FOR THE MEDICAL AID FUNDS INDUSTRY ASSESSMENT PROJECT

NON-BANK FINANCIAL INSTITUTIONS REGULATORY AUTHORITY ("NBFIRA")

REQUEST FOR CONSULTANT'S EXPRESSION OF INTEREST FOR THE MEDICAL AID FUNDS INDUSTRY ASSESSMENT PROJECT (PHASE 1)

are both "well qualified" candidates, and it decided on Lagarde by consensus.
To conduct research of the current Medical Aid Funds Industry setup and recommend a legal framework for the regulation and supervision of the Medical Aid Funds.
Context and Objective
The Non-Bank Financial Institutions Regulatory Authority ("NBFIRA") was established by an Act of Parliament of 2006, to be a Regulatory Authority under the Ministry of Finance and Development Planning. NBFIRA is mandated to regulate and supervise all non-bank financial institutions, including Medical Aid Funds.
The overall objective of the project istodetermine the most effective regulatory framework for the regulation and supervision of Medical Aid Funds ("MAFs") by NBFIRA. This covers the assessing of the current MAFs industry setup and determining the advantages and disadvantages of drafting a new legal framework, which introduces Regulations and Rules for MAFs, or to transform the MAFs into insurers as defined by the NBFIRA Act to underwrite health insurance. This research should also take into account government initiatives in growing the financial services sector that contributes to the overall economic development of the country.
Description of the Consulting Services
NBFIRA is calling forthe services of a Consultant to conduct research on the current MAFs industry setup and recommend to NBFIRA whether to draft a new legal framework which introduces Regulations and Rules for MAFs or to transform the MAFs to underwrite health insurance as insurers under the regulation and supervision of the Insurance Industry Act.


as opposed to transforming the MAFs to underwrite health insurance as insurers, under the Insurance Industry Act; and
3. Make recommendations for the most effective way of supervising and regulating the MAFs industry taking into account the need to develop the industry to contribute to the overall economic development of Botswana.
Qualifications
1. A proven track record of having done similar work in other countries.
2. Experience in dealing with the financial services sector, especially in the Medical Aid Funds area, for at least five (5) years.
Submissions
All EOls must be addressed to:
Director: Insurance and Pensions
Non- Bank Financial Institutions Regulatory
Authority
First Floor, MVA House
Plot 50367, Showground, Off Machel Drive
Private Bag 00314
Gaborone
Written EOls, in English, must be marked: "Expression of Interest for the Medical Aid Funds Industry Assessment Project (Phase
IT
For further information on the Terms of Reference, or any matters related thereto, please contact: Ms. N. Lenchwe, NBFIRA, Insurance and Pensions Department at Telephone Number: +267-3686100/3102595 or email: nlenchwe@nbfira.orq.bw.