High insurance claim rejections worry NBFIRA

Friday, December 01, 2023 | 540 Views |

Providing oversight: Motshidisi at the Brokers Connect conference

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has expressed stern concerns over a rise in cases of insurance brokers failing to arrange appropriate cover for clients, leading to rejections of claims.

According to NBFIRA, complaints against brokers mainly stem from poor advisory services rendered to clients which leads to underinsurance of risks.

Speaking at Botswana Life’s recent Broker Connect Conference, NBFIRA CEO, Oduetse Motshidisi said that despite strong financial returns for brokers over the years, there is a growing trend of complaints filed against them. These complaints intensified this year between the months of March and October, he said.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

State wants protection for magistrate’s victims

Larona Makhaiza | 18 h ago

Quali-Med Laboratories unveils new dawn in healthcare

Kabelo Boranabi | 20 h ago

Hosanna show showcases gospel potential

Tsaone Basimanebotlhe | 20 h ago

Shaba Stele in near-quit breakthrough

Johannes Kambai | 21 h ago

New season catches hat-trick fever

Kabelo Boranabi | 21 h ago

GU chase first three-peat in seven years

Kabelo Boranabi | 21 h ago

BAUSA mobilises diaspora for development

Tsaone Basimanebotlhe | 1d ago

BERA warns on electricity licensing

staff writer | 1d ago

Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

The Monitor Editor | 27 October 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.