Page 7 - issue 26

otswana Insurance Company has strong business
Bposition to respond to client’s needs and industry trends.
Botswana Insurance Company CEO
Mr Newton Jazire
fundamentals that has put the organisation in a leading
With a sound reputation, Botswana Insurance Company Limited
(BIC) is the longest serving short term insurance provider in
Botswana since its inception in 1975.
Botswana Insurance Company has been able to maintain a
leading role in the insurance industry in Botswana over the
last 45 years by offering a full range of insurance products that
are both innovative and flexible. The offered products cater
for the various sectors; from individual needs to corporate
and parastatals. Customers enjoy a range of access points to
BIC including branches in Gaborone, Francistown and Maun;
a fully enabled and interactive website, brokers located across
Botswana and a direct sales team consisting of 15 trained
insurance specialists.
The company is headed by Mr Newton Jazire who joined BIC
in the first quarter of 2018 succeeding Mr. Johann Claasen. He
summarised his journey thus far by saying ,‘” Over the past two
years, the most important focus was to stabilise and energise
the team that makes up BIC. As you know, people can make or
break a company. It was therefore my priority to build a team of
strong and talented team players, which were able to “Delight”
our customers on a daily basis. Our financial performance over
the last two years demonstrates the confidence our customers
and the broader market has in BIC. As the CEO of BIC, it has
been a highlight of my career to lead the “Turnaround” strategy
for BIC, which has been incredibly successful. The “turnaround”
strategy included the successful rebrand of BIC and the
associated awareness in the market. Between 2018 and 2019,
we grew our premium base almost 6 times that of the local
economic growth, confirming our leadership position in the
Botswana Insurance Market. My future vision for BIC includes
an innovative digitalisation programme that will make it easier
for our clients to be serviced by BIC, as well as providing new
products and services as part of our quest to “Make Life Better”
for our customers, staff and stakeholders.”
The Botswana government has prioritised infrastructure
development as a key facilitator of economic growth and
diversification. This has resulted in the use of new technological
innovations, regulatory changes and the influx of new project
delivery methods. The result of all this industry change has
necessitated contractors to have access to tailored coverage
and specialized resources to meet their unique project needs.
Botswana Insurance Company provides flexible, customised,
structured and packaged insurance solutions at competitive
terms for engineering projects by providing comprehensive
covers and services for construction and erection projects.
BIC offers engineering solutions for small, medium and large
projects such as roads, bridges, tunnels, mines, chemical plants,
refineries and any type of power generation plant. Whether
you are a general contractor, speciality trade or joint venture/
owner/developer, BIC covers your wide range of needs. The