Botswana Life on track for healthy profits

For the financial year ended December 2009, Botswana Life Insurance Limited (BLIL) recorded a record-breaking net premium income increase to the P1.3 billion, largely avoiding aside the ill winds of the global recession.

BLIL, the country's largest insurance company with about 300, 000 clients, rode the crest of the wave created by uninsured clients' need to obtain cover against the various risks exposed by the recession. In addition, the recession saw clients migrate to larger and more established insurance companies as a way of minimising risk.