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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Eppieโ€™s breakthrough hints at a brighter future for Botswanaโ€™s 400m

    Eppieโ€™s breakthrough hints at a brighter future for Botswanaโ€™s 400m

    Under Babitseng BFA will be transparent and accountable

    BFA slashes deficit and eyes bright future with financial reform and football revival

    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

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    Karateka targets international titles

    Botswana gears up for high-stakes Gabs Open karate showdown

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Orange Botswana Awards P390,000 to Historic 4x400m Relay Champions, Coaches & BAA

    Eppieโ€™s breakthrough hints at a brighter future for Botswanaโ€™s 400m

    Eppieโ€™s breakthrough hints at a brighter future for Botswanaโ€™s 400m

    Under Babitseng BFA will be transparent and accountable

    BFA slashes deficit and eyes bright future with financial reform and football revival

    Sports chief raises alarm over doping spike amid Region 5 triumph

    Sports chief raises alarm over doping spike amid Region 5 triumph

    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

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BIC Drives for Insurance Literacy

mm by Tshepiso Gabotlhomolwe
May 25, 2023
in News
Reading Time: 1 min read
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BIC reaps benefits of brand refresh
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  • Insurer leads symposium on industry response to crises

Although insurance companies were able to absorb shocks of the COVID-19 pandemic, Botswana Insurance Company (BIC) gathered stakeholders to discuss issues and elaborate on strategies for cushioning the industry, should it face similar challenges in the future.

Speaking to The Business Weekly and Review at their Inaugural Thought Leadership Insurance Conference 2023, the CEO of BIC, Newton Jazire, said the level of financial literacy in Botswana is very low. The conference, he added, is a way of extending knowledge to stakeholders and consumers and finding ways of dealing with crises when they erupt.

Jazire noted that issues in the industry include the ability and capacity to handle conflict and threats to public health, hence the discourse on how to survive in the face of such issues while fulfilling customer needs. He asserted that like most insurance institutions, BIC was able to absorb shocks of the COVID-19 pandemic and to fast track their insurerโ€™s digitalisation process. โ€œCOVID-19 pushed us to do (things) much faster than we were doing before,โ€ he said. โ€œRemote working, where employees served our valued customers from home, also enabled us to quickly get into investing in technology and becoming up to-date in that regard.โ€

Jazire stated it was time the industry had meaningful conversations around things that affect it. He noted that competition is necessary because it leads to better products and improved service delivery, hence the need to bring all players together to share experiences and realisations with one another. The General Manager of Sunshine Insurance, Vijay Mamidwar, lauded BIC for โ€œthis good initiativeโ€ that is enabling the industry to collectively look at issues from a leadership angle.

Tags: Botswana Insurance Company (BIC)COVID-19 pandemicNewton Jazire

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