mmegi

Legal Guard hopeful despite market turbulence

Ratlhaga PIC: PHATSIMO KAPENG
Ratlhaga PIC: PHATSIMO KAPENG

Legal Guard, one of the country's legal insurance players, is hoping to bounce back from a tough period in which the general industry has seen increased policy lapses due to difficult economic conditions.

The insurance sector, one of many dented by the COVID-19 effects, has been recording high policy cancellations from clients who have lost incomes or jobs as a result of the pandemic.

Insurance is often seen as luxury by many, especially legal cover, and is among the spending items jettisoned first when tough economic times appear. Financial services giant, BIHL recently revealed that the difficulties encountered by customers in the first half of the year had manifested in policy lapses and an increase in the early maturity termination of investment portfolios by clients.

Editor's Comment
Our food safety matters

We commend the GCC inspectors for their vigilance in uncovering serious hygiene violations at establishments like Pick 'n Pay (South Ring Mall), Bravo Restaurant (Main Mall), Chicken Twist (Bonnington), Spar (Main Mall Bakery and Butchery), Choppies Butchery, Pie Time, and Fours Bakery. Their decisive action which includes temporary closures, confiscation of unsafe food, and laying charges sends a powerful, necessary message: food safety is...

Have a Story? Send Us a tip
arrow up