Insurance sector raps gov’t for ‘overcrowding’ market

Across the continent, government lead in the provision of healthcare to the public, often at subsidised rates, leaving a sliver of the market for the private sector. This, insurance sector experts say, inhibits the growth of the industry.

For Sanlam Nigeria CEO, Valentine Ojumah said the insurance industry in Botswana has been slowing down due to “too much involvement by government”. Ojumah said that government’s broad role in the economy has left insurance companies in the cold with few services to offer to citizens.