BIHL moves to protect market share

With the entrant of new competitors in the market, Botswana Insurance Holdings Limited (BIHL) has stated in its new strategy that it would move to protect its market share.

BIHL with 40% investment locally and 60% investment offshore says it welcomes competition, as it would propel them to be innovative, and develop products tailor made for the market.  “We are not afraid of competition,” he said.

At the presentation of BIHL end of year results, the BIHL Group CEO, Gaffar Hassam stated that the need to diversify business is clear, something which is not unique to just BIHL. “Indeed, this forms a central part of our strategy down to the very pillars of the strategy itself,” he said.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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