Hollard targets growth with P544m Regent takeover

Briefing the media this week on their merger with Regent Botswana Group, Frans Prinsloo said there is growth particularly in the individual life market and commercial short-term market which is boosted by growth in Botswana’s gross domestic product (GDP) this year.

“Botswana’s insurance industry is a highly competitive one, large when compared with most African markets, yet relatively small by international levels with insurance premiums only constituting three percent of the GDP,” he said.