The Insurance Supervision Institute of Mozambique launched the Bank Supervision Application (BSA), a customised web-based platform intended to support supervision and inspection of Mozambique’s insurance and pensions sector. The rollout is positioned as part of broader legal and operational reforms involving the Ministry of Economy and Finance, the Insurance Supervision Institute of Mozambique and the Bank of Mozambique, with the platform expected to modernise supervisory tools, improve data capture on sector activity, and strengthen the efficiency of data storage, sharing and protection. The initiative also sits within the Insurance Supervision Institute of Mozambique’s strategic plan for modernising information systems, adapting supervisory technology commonly used in banking to provide features such as advanced data analysis, real-time monitoring, secure information-sharing, risk and crisis management, support for risk-based supervision and enhanced emergency response. The Bank of Mozambique noted that BSA originated in 2003 as a joint initiative of 10 central banks in Southern and Eastern Africa aimed at harmonising supervisory functions and supporting safe and sound operations.

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