Insurance sector raps gov’t for ‘overcrowding’ market

Closing the gap: Samuel says a mismatch exists between what the market should be covered for and what it is actually covered for
Closing the gap: Samuel says a mismatch exists between what the market should be covered for and what it is actually covered for

The insurance industry says governments in Africa are crowding out private enterprise, particularly in the health services sector, which impedes growth and innovation.

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.


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This period, running from May 20 to 31 2024, is crucial for those who have not yet registered to vote. This announcement comes in response to a significant shortfall in registered voters following the recent registration period. As it stands, only 62% of the target number of voters registered, leaving a considerable gap.With Botswana's general elections scheduled for October, every eligible citizen needs to register and exercise their...

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