GABORONE — The Botswana Insurance Industry is set to mark a significant milestone with the launch of the inaugural Botswana Life Insurance Symposium. Scheduled for the 20th of September 2023 in Gaborone at the University of Botswana (UB) Conference Centre, this landmark event will bring together industry experts, thought leaders, and stakeholders to delve into the critical theme of "Understanding and Addressing the Insurance Protection Gap."
The Symposium promises to be a pivotal moment for the Botswana insurance sector. As the country's leading forum for life insurance and advisory services, Botswana Life is committed to making sustainable strides in further professionalising insurance in Botswana, as well as inclusively empowering Batswana to garner greater piece of mind and financial security.
The Symposium, building on this, seeks to drive dialogue aimed at narrowing the Insurance Protection Gap in Botswana, this being the disparity between the coverage provided by existing insurance policies and the actual financial needs of individuals and families in the event of unexpected life events, such as illness, accidents, or death. The Symposium aims to shed light on the various facets of this gap, explore its implications on individuals and society, and, most importantly, discuss strategies to bridge it effectively as a community and industry collective.
"We believe that by bringing together experts, stakeholders, and thought leaders, we can collectively take significant strides towards a more inclusive and robust insurance ecosystem in Botswana. This inaugural Symposium is just the beginning of our commitment to addressing the insurance protection gap, and we are excited about the positive impact it can have on our nation," said Ronald Samuels, Botswana Life CEO.
Key highlights of the Botswana Life Insurance Symposium include renowned experts in the fields of insurance, finance, and risk management as both speakers and panellists to share their insights, research findings, and best practices in addressing the insurance protection gap. This includes but is not limited to Key note speaker Oduetse Motshidisi- NBFIRA CEO, Ame Masuku - Legal Consultant at Modisane Correia Legal; Valentine Ojumah - Sanlam Nigeria Advisor to the Board; Fritzgerald Dube - Marsh Botswana Managing Director; Mthabisi Bokete - Digital Natives Founder and CEO; and Moraki Mokgosana - Bomaid CEO.
The Symposium can be viewed live by the public through the Botswana Life Insurance Facebook page on the day.
For more information, please contact:
Tebogo Keepetsoe
BIHL Group PR, Communications & Marketing Manager
tkeepetsoe@bihl.co.bw or +2673707429
OR
Gabriel Tlagae
BLIL PR, Communications & Marketing Manager
gtlagae@blil.co.bw or +267 3923576/ +267 76545457
About Botswana Life Insurance Limited
Botswana Life Insurance Limited (Botswana Life) is Botswana’s longest servicing and only home-grown life insurer. Established in 1975, Botswana Life has a proud 48-year history and is a subsidiary of the renowned Botswana Stock Exchange (BSE) listed Botswana Insurance Holdings Limited (BIHL) Group. As an icon in Botswana, Botswana Life has become synonymous with life insurance in the country and as a trusted partner to Batswana.
At Botswana Life, we provide financial solutions that make a positive difference in the lives of our clients and employees. We are committed to creating a world where everyone is financially secure and can walk tall in confidence that we have them covered. Botswana Life provides long-term insurance solutions for individuals and groups, such as life insurance, retirement annuities and investment policies and of recent estate planning bouquet through its recently launched subsidiary, Botswana Life Fiduciary Services (BLFS).
Botswana Life estimated market share of over 71% has been built over time through hard work, resilience and a keen interest in sustainability and creating value. The Company is currently managing a file size of over 304,000 policies and has an Annual Recurring Premium in excess of P1.8Billion as at 2021. Botswana Life is proud of its contribution towards employment creation, currently employing over 600 direct agents, 1000 sub-agents (employed by brokers) and 450 employees. With over 11,000 people receiving their monthly pensions from Botswana Life, the company is amongst the largest, if not the leading payer, of occupational pension benefits in Botswana.
Botswana Life plays a strong role in driving socio-economic prosperity in Botswana. The Company’s investment in Botswana’s economy over the last 46 years is proportionate with its size and success, and is demonstrated through various projects including property developments, the holding of Government and corporate bonds which exceed P5 Billion. The bonds represent loans to businesses in Botswana, which are facilitating the growth of private businesses as well as job creation, infrastructure development and many other economic activities.
For further information, go to https://www.botswanalife.co.bw/
Follow us