mmegi

BIHL dominance requires 'enhanced supervision' – FSC

Monday, June 26, 2023 | 510 Views |

Flying high: BIHL has plans to use data and Artificial Intelligence to push its customer-centric, digitisation drive

The Financial Stability Council (FSC) says Botswana Insurance Holdings Limited’s (BIHL) dominant position in the local insurance market poses systemic risks to the sector and the situation needs to be managed through enhanced supervision.

BIHL is the country’s largest diversified financial services group, with its subsidiary, Botswana Life, enjoying a 71% market share and its asset management unit, Bifm, also the largest in its sector with assets under management last measured at P38 billion.

BIHL also has significant shareholding in other leading entities such as Letshego and Botswana Insurance Company.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Dow makes history as BCP vice president

Tsaone Basimanebotlhe | 2d ago

Detective Mjein releases single titled Baba Ngiyacela

Laone Choeunyane | 2d ago

Botswana players follow new path to Zimbabwean league

Kabelo Boranabi | 2d ago

Ghetto Yankees, Extravaganza surprise package

Calistus Kolantsho | 2d ago

Women’s tennis team pulls remarkable feat

Mqondisi Dube | 2d ago

After a brief pause, BFL feud heads into round two

Mqondisi Dube | 2d ago

Botswana at a crossroads

BJORN LOMBERG* | 17 Jul 2026

ILES readies Botswana for new labour law

Kabelo Boranabi | 23 Jul 2026

Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Mmegi Editor | 17 July 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More