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Short term insurers prepare for future pandemics and disasters

Botswana Insurance Company (BIC) Managing Director, Newton Jazire, says a proposition made by short-term industry players will put the country in a better position against similar pandemic like Covid-19 strikes in the future.

The industry, through Botswana Short Term Insurance Underwriters Association (BSTIUA) is currently preparing a proposal in order to address coverage gaps or protection gaps which have been exposed by the Covid-19 pandemic.

The protection gap is basically the difference between the total economic cost of a disaster less what is insured, and this difference is usuall...

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