NICO General and Minet Malawi launch specialised coverage to protect operators against climate and economic shocks while keeping crucial foreign exchange within the country. ​In a move aimed at bolstering one of Malawi’s key economic drivers, NICO General Insurance, in partnership with Minet Malawi Insurance Brokers, has unveiled a specialized package designed to plug long-standing gaps in the nation’s tourism and hospitality risk management. ​Speaking at the launch, NICO General Chief Executive Donvil Sitinga Mandala highlighted a persistent structural issue in Malawi’s financial landscape: insurance uptake remains overwhelmingly dominated by basic motor policies, leaving broader commercial enterprises critically underinsured. ​Dolvin Khongono, Managing Director of Minet Malawi, emphasized that the product emerged from extensive market research aimed at catering to operators of all scales. ​With its growth anchored in Lake Malawi, dramatic landscapes, and rich biodiversity, Malawi’s tourism industry has long held high economic potential.