the monitor

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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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