The Office of the Registrar of Insurance and Retirement funds (RIRF) was established in Swaziland by the Insurance Act No. 7 of 2005 and the Retirement Fund’s Act No. 5 of 2005. RIRF is an integrated regulator with the mandate to license, regulate and supervise the activities of the Insurance ... More Details »
Claims resulting from accidents or occurrences which have taken place, but of which the insurer has not received notice or report of the loss. An estimate is made of the amount of these claims based on previous experience. Also referred to as losses incurred but not reported (IBNR's).