Market saturation stifles BIHL Sure!

Tuesday, June 10, 2014

Financial services giant, BIHL believes its short term insurance arm, BIHL Sure! has born the brunt of market saturation as many companies are now scrambling for a share of constant cake in the industry.

According to BIHL 2013 Annual Report, BIHL Sure! raked in a loss of P13.4 million leading to a negative contribution to the group’s earnings for the year.

“For the year 2013, BIHL Sure! recorded premium growth of 12.5 percent year on year, with the value of gross written premiums arising to P57,1 million. However, this did not translate to profit due to price competition and technology challenges resulting in the business making a loss of P13.4 million.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Memorial service for former BFA CEO

Staff Writer | 13 h ago

Bishop Rebello to be buried tomorrow

Lebogang Mosikare | 15 h ago

Anglo exit: What it means for Botswana

Mbongeni Mguni | 15 h ago

GU winner as teams lose points for January 'revolt'

Mqondisi Dube | 16 h ago

Botswana buys 95 heifers, 150 dairy goats from Australia

Lewanika Timothy | 17 h ago

TransUnion sees more debt pressure on consumers

Mbongeni Mguni | 10 May 2024

Gov't not on buying spree – Masisi

Larona Makhaiza | 18 h ago

I'm not a fugitive – Khama

Innocent Selatlhwa | 1d ago

Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

The Monitor Editor | 14 May 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More