Local Insurers Urged To Create Local Model

Monday, April 08, 2019

Local insurers have been urged to create innovative products that are suited to the local market.

Speaking at the Canada Africa business conference recently, Bryte Insurance CEO Dziki Nganunu said even though the local insurance market is competitive, most of the policies were designed for the formally employed population.

“Most policies are designed for people with monthly or annual salary, leaving out the majority of the ones who are not formally employed but do need insurance,” Nganunu said.

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Local Insurers Urged To Create Local Model

Local insurers have been urged to create innovative products that are suited to the local market.