Static salaries affect insurance industry

Wednesday, July 15, 2015

Low household disposable incomes is the biggest challenge facing the life insurance sector in the country, according to Thato Kubu, client service manager at Metropolitan Botswana.

Speaking to Mmegi Business, Kubu said pressure on disposable incomes is mainly due to inflation and non-adjustment of salaries, particularly among civil servants.

“As a result we are rethinking business processes and product ranges, in order to remain competitive under the harsh economic conditions to meet the evolving needs of our customer base,” he said.

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