Page 31 - issue 24

Business 31

nsurance Institute of Botswana
recently held its 3rd Annual
IConference under the theme
‘Market Development. Innovative
Insurance Products. Key to growth
and sustainability”. Honorable Vice
President Slumber Tsogwane gave
the keynote address and officially
opened the event. The Vice President
wasted no time in congratulating IIB for
continuously bringing industry players
together for dialogue on how best to The Vice
develop the insurance sector. President took
time to view
He went on to further challenge the
Institute to make the conference companies
an international conference. exhibiting at
“I would like the sector to the event
work hard to position this
Insurance Conference
as a baseline for
facilitation of
his Excellency
the President
of Botswana,
Dr. Masisi’s
optimistic vision.
This vision
is to ensure
B ot s w a na
becomes a hive
of international their businesses in Botswana. He In his closing remarks he said as
c on f er ences highlighted that Botswana has a strategic Government they strongly believed that
in the region geographical position in Southern there has to be a coordinated approach
perhaps even Africa and can thus be used as a launch in the country’s financial inclusion
Africa. Let the pad for expansion into the region. agenda in order to increase financial
conference be known The political and economic stability literacy and capability levels. He
for its thematic topics of Botswana is unparalleled in the explained further by noting that issues
that do not only affect continent. This stability further extends of access, quality insurance products,
Botswana but other to its macro-economic environment and distribution channels and financial
countries.” economic growth as well as continued technology ought to be at the top of

sovereign credit ratings.One of the your agenda.
Honorable Tsogwane topics discussed at the Conference
encouraged the was the discussion around Continuous “In light of the above I challenge you to
industry players to Professional Development. The Vice consider the importance of consumer
be confident in President acknowledged this effort by financial literacy and education
building the industry and urged the attendees interventions to help create awareness.
to keep innovating and keeping abreast To educate the general public about
with the new technology in the industry. their rights and responsibilities when
“The insurance industry like any dealing with financial service providers
other industry is in need of such as insurance companies as well
fresh talent and continued as the available resources mechanisms
development of existing while at the same time inducing
professionals’ skillsets.” behavior change.” he concluded.
he said.

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