Insurance sector flags climate change as top risk
Friday, May 02, 2025 | 480 Views |
High premium: Climate change is emerging as the local insurance sector’s biggest risk
PIC: MORERI SEJAKGOMO
The firm pointed to the rising frequency and severity of floods and other natural disasters as a growing concern for insurance operations and for policyholders.
In recent months, Botswana has experienced unusually heavy rainfall resulting in widespread flooding that has damaged property, vehicles, and infrastructure across various parts of the country. These events have placed increased pressure on insurers prompting a reassessment of risk models and coverage policies.
“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...