Marsh ventures into agribusiness insurance
Monday, February 02, 2015
A decade ago there were less than 20 insurance brokers in the country and the number has since doubled and the competition is the order of the day.
Raymond Matsake, divisional business development director said in an interview that due to intense competition, the company is looking into other prospects in order to enhance its growth and to further provide peace of mind to the agricultural industry.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...