Insurance industry launches charter

Monday, September 19, 2011

The Insurance Council of Botswana (ICB) last Thursday unveiled the Insurance Industry Charter, an instrument through which members bind themselves to the highest ethical and professional standards.

The ICB - which represents most of the country's insurance houses, brokers, agents and other stakeholders, launched the charter at the end of a two-day conference held in Gaborone.

The Charter comes as the insurance industry and the Non-Banking Financial Institutions Regulatory Authority (NBFIRA) tighten professional standards in line with international best practice and in recognition of the critical responsibility borne by the sector.

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