Mauritius targets leading International Financial Centre status, says Minister Jeetun

Government aspires to strategically position the Mauritius International Financial Centre as a destination of choice for global financial services. This vision was underscored by the Minister of Financial Services and Economic Planning, Dr (Mrs) Jyoti Jeetun, who highlighted that the national financial sector strategy outlines key priorities to boost international competitiveness and enhance readiness for emerging opportunities.

She was speaking this morning at the opening ceremony of the 3i International Conference, held at the InterContinental Resort Balaclava, in the presence of selected global stakeholders from Africa, Asia, and India.

Organised by the Insurers Association of Mauritius, the conference taking place from 13 to 15 April, seeks to provide a platform for the exchange of industry insights, with a focus on fostering a resilient and sustainable future through insurance, investment and innovation.

Minister Jeetun highlighted the growing importance of the insurance sector as a major contributor to the economy, serving as both a driver of growth and an enabler of its smooth functioning. She observed that insurance is a vital tool for strengthening economic and financial resilience, as it helps absorb shocks and mitigate risks.

In periods of global uncertainty, such as the COVID-19 pandemic and the Middle East crisis, the sector plays a stabilising role by cushioning economic impacts and supporting recovery, she said.

The Minister underscored the need for a robust and forward-looking insurance sector that proactively develops innovative products and frameworks, while addressing emerging challenges such as cyber liability insurance, trade credit insurance, and specialised reinsurance for regional markets.

She also highlighted the importance of maintaining a balanced and adaptable regulatory framework to ensure financial stability, protect consumer interests, sustain market confidence, and support the responsible adoption of emerging technologies.

Innovation, the Minister affirmed, remains central to amplifying the impact of the insurance sector. The emergence of InsurTech, Artificial Intelligence and advanced analytics has made it increasingly important to reshape the industry landscape and transform traditional models to promote greater inclusion.

She emphasised that farmers and fishers who are often underinsured but highly vulnerable to climate risks, should be targeted with affordable, tailored solutions to help bridge existing insurance gaps.

Referring to Vision 2050, the Minister reiterated that Mauritius must continue to strengthen its insurance and financial services sector as a pillar of economic resilience. The sector can play a transformative role by leveraging innovation, embracing technology, expanding regional engagement, and maintaining sound regulatory oversight, added Dr Jeetun.

13 April 2026

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Topics: Finance