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BIHL feels premium strain as fiscal crunch squeezes households

Catherine Lesetedi
Catherine Lesetedi

Botswana Insurance Holdings Limited (BIHL), the country’s largest financial services outfit, has warned that fiscal headwinds battering government are filtering down to households and businesses and ultimately affecting premium collections by insurance companies.

The listed BIHL, which is a diversified entity that owns Botswana Life Insurance Limited and Botswana Insurance Fund Management (BIFM), said some retail clients whose revenues are dependent on government contracts have struggled to keep up with policy obligations.

As a result, the company has rolled out payment plans to cushion clients under strain.

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