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An innovative joint venture between Hollard Life Botswana and BotswanaPost will bring funeral and parcel insurance products within reach of non-traditional markets and potentially pitch the rapidly-growing insurance group towards securing significant market share within the next year.
Sanlam’s sub-Saharan Africa Real Estate Fund, which is listed on the Stock Exchange of Mauritius, has announced a strong set of financial results for 2013, outperforming the fund’s long-term total return targets. The fund, which is structured as a listed property company, also announced the acquisition of another prime real estate asset in Lagos, Nigeria.
Profits returned to members* increased by 42% year on year.
Short-term insurance underwriting manager CIB took the market by surprise with a stunning set of results for the year ending December 2013. The group posted a 30% growth in gross written premium for the period and outperformed most of its insurance sector peers with its loss ratio finishing at 58%.
Are financial advisers ready for the combined impact of COFI and AI?