Lusaka, Thursday 21 July 2016: A team of officers from the Angolan Agency for Insurance Regulation and Supervision (ARSEG) and the Association of Angolan Insurers (ASAN) visited COMESA Secretariat on July 21, 2016 to consult on the implementation of the Yellow Card Scheme in Angola.
The team was led by the Director of Insurance Supervision and Inspection of ARSEG Mr. Armando Costa and was received by the Secretary General Sindiso Ngwenya. The visit follows an agreement reached during an earlier meeting with COMESA counterpart team that was in Angola in May 2016 to sensitize stakeholders on the benefits and implementations of the COMESA Yellow Card and Regional Customs Transit Guarantee (RCTG) Schemes.
Speaking on behalf of the Angola delegation, Mr. Armando Costa said their mission was to advance discussion on the possible implementation of the Yellow Card scheme in Angola owing to its proven record in facilitating regional integration.
The COMESA Yellow Card Insurance Scheme is a Regional Third Party motor vehicle insurance scheme that provides third party legal liability cover and compensation for medical expenses resulting from road traffic accidents caused by visiting motorists.
The scheme operates in both COMESA and Non-COMESA Members States that have adopted it. Angola is at the preliminary stages of discussions with COMESA Secretariat to understand the scheme with a view of adopting it.
Currently, the scheme is operational in 12 COMESA Member States, namely; Burundi, DR Congo, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Rwanda, Sudan, Uganda, Zambia, Zimbabwe and one non- COMESA member State, namely Tanzania.
Mr Ngwenya told the Angola team that COMESA trade facilitation instruments including its online platform, the Virtual Trade Facilitation System (CVTFS) are not confined to member States as they serve regional transport corridors.
â€œGiven the improved physical connectivity especially the road infrastructure in the African region it is important to have the right trade facilitate instruments to support the rise in cross border trade that follow,â€ he said.
He noted that Angola already has laws that would support the implementation of the COMESA Yellow Card in the country once the implementation agreement has been fulfilled.
The Angola delegation which included Mr. Jesus Teixeira Director from ARSEG and Mr. Emanuel Costa from the Association of Angolan Insurers will be in Zambia for two days during which they will meet with the COMESA Technical team led by Mr Debebe Tamene, Senior Insurance Expert.
The team also visited the National Bureau of Zambia,Â to learn how the bureau carries out its role as the issuing and handling agency of the Yellow Card.