COVID-19 pandemic risks likely to delay positive developments in Botswana's short-term insurance industry
- Botswana Industry Research: Insurance
- Year : Apr 2020
Access Now
Summary
The country risk score for Botswana is materially higher than that of regional peers, reflecting the balance of relatively high per capita wealth levels and strong institutions compared to regional peers, uplifted by the government’s strong fiscal and external position, and offsetting risks from a small and concentrated economy. However, the insurance sector risk lags regional peers such as South Africa, Namibia and Mauritius.
Additional Information
Overall, an enhanced regulatory environment is expected to increase insurance penetration over time as public trust increases. However, the timing of the impacts of the reforms on the short-term insurance industry remains uncertain as the COVID-19 health crisis unfolds.
