Michael Makap

Director/Board Member at BSP FINANCIAL GROUP LIMITED

Net worth: 13 582 $ as of 31/08/2026

Finance

Consumer Services

Profile

Michael Makap is currently Director at BSP Financial Group Ltd. since 2026 and a Member of the Png Institute of Directors.
Formerly, Mr. Makap was Chief Executive Officer at Motor Vehicle Insurance Ltd. from 2020 to 2025.
Mr. Makap completed undergraduate studies at the University of Papua New Guinea.

Known holdings in public companies

Company	Date	Number of shares	Valuation	Valuation date
BSP FINANCIAL GROUP LTD. 0%	08/04/2026	2,381 ( 0% )	13 582 $	31/08/2026

Michael Makap active positions

Companies	Position	Start
BSP FINANCIAL GROUP LIMITED	Director/Board Member	08/04/2026
Png Institute of Directors	Corporate Officer/Principal	-

All active positions of Michael Makap

Former positions of Michael Makap

Companies	Position	End
Motor Vehicle Insurance Ltd. Motor Vehicle Insurance Ltd. Motor Vehicle Insurance Ltd. (MVIL) is the sole provider of compulsory third party (CTP) insurance mandated by law for all motor vehicle owners in Papua New Guinea. The private company is based in Port Moresby, Papua New Guinea and has subsidiaries in Papua New Guinea. The Papua New Guinean company ’ s core services include CTP insurance coverage, vehicle registration across 20 provinces, driver ’ s license assistance in select provinces, and claims processing. MVIL operates a network of branches and customer service centers nationwide, serving approximately 120,000 policyholders. The company has developed digital systems such as the Vehicle Registration & Management System (VRMS) and adopted cashless transactions to improve service efficiency and security. MVIL also engages in road safety campaigns, joint ventures, and reinsurance activities through Pacific Re Limited. The company was founded in 1974. The CEO is Bafino Koi.	Chief Executive Officer	01/01/2025

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Training of Michael Makap

Experiences
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Private companies

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Linked companies

Private companies	4
BSP Financial Group Ltd. BSP Financial Group Ltd. Major BanksFinance Provides commercial banking services	Finance
University of Papua New Guinea University of Papua New Guinea Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Motor Vehicle Insurance Ltd. Motor Vehicle Insurance Ltd. Motor Vehicle Insurance Ltd. (MVIL) is the sole provider of compulsory third party (CTP) insurance mandated by law for all motor vehicle owners in Papua New Guinea. The private company is based in Port Moresby, Papua New Guinea and has subsidiaries in Papua New Guinea. The Papua New Guinean company ’ s core services include CTP insurance coverage, vehicle registration across 20 provinces, driver ’ s license assistance in select provinces, and claims processing. MVIL operates a network of branches and customer service centers nationwide, serving approximately 120,000 policyholders. The company has developed digital systems such as the Vehicle Registration & Management System (VRMS) and adopted cashless transactions to improve service efficiency and security. MVIL also engages in road safety campaigns, joint ventures, and reinsurance activities through Pacific Re Limited. The company was founded in 1974. The CEO is Bafino Koi.
Png Institute of Directors