Botswana Insurance Q4 2019
Botswana's insurance industry will grow strongly over the next five years, on the back of high levels of insurance densityand penetration. Life insurance, in particular, will see rapid growth on the back of growing household incomes, consequentlyoutpacing the non-life segment. Economic growth in Botswana is lower than expected, however, largely due to a decline in globaldiamond demand, which might continue to impact on demand for insurance products over the coming years. Still, Botswana'sconsumer base is expected to find support from relatively low inflation, and therefore we expect private consumption to grow andsteadily push demand for insurance in the years ahead.
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