Summary

GlobalData’s "Governance, Risk and Compliance - The Botswanan Insurance Industry", report is the result of extensive research into the insurance regulatory framework in Botswana.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Botswana, including -
- An overview of the insurance regulatory framework in Botswana.
-...

Summary

The Republic of Botswana has a range of social security programs, which cover the country’s citizens, as well as people belonging to poor and vulnerable groups residing in rural communities. According to the National Policy for Rural Development (Government of Botswana - GoB, 2002), the aim of these programs is to reduce poverty and provide a social safety cover to all Botswanan individuals. These include the Universal Old-age Pension, the Orphan Care Program, the Labor-Based Drought Relief Program, and Supplementary Feeding for Vulnerable Groups and the Program for Destitute Persons. The Botswana Federation of Trade Unions (BFTU) is the workers’ labor federation representing the country’s laborers. In 1997, Botswana published a document now known as Vision 2016, which projects that poverty will be eradicated in the country by 2016. Pensions play a vital role in enhancing the earnings of the country’s workforce after retirement. The government is also focusing on improving the social security framework to prevent people from falling into poverty. Priv...