chodiwa Mosweu, D.I.I,D.I.B.F, BBA, MSc,FIISA’s Post

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Agency and Advisory Services Manager/Principal Officer | Fellow (FIISA)

Championing Financial wellness through Insurance and advisory services # Purpose Meets Passion In Botswana, the insurance penetration rate is currently one of the lowest in the region at 3.27%. Addressing barriers like progressive legislation and promoting financial knowledge are crucial to empower policyholders and enhance industry growth. Unlike in Zambia and other nations, motor third-party cover in Botswana remains optional, contributing to the industry's limitations. It is imperative to educate clients on the value of insurance in creating wealth, managing risks, and safeguarding livelihoods, especially during economic downturns when insurance is often sacrificed to combat inflation. As financial advisors, raising awareness and fostering positive interest in insurance is paramount. Restoring trust in the industry by fair treatment, transparent disclosure, and honoring claims is essential. Let's prioritize empowering clients with financial knowledge to utilize insurance effectively for long-term financial security. #Insurance #FinancialAdvisors #IndustryGrowth #Botswana #FinancialWellness #TrustRestoration #Empowerment

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Author Margaret Kimani

Investment Banking Consultant

3mo

Awesome initiative 💯

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