Old Mutual Life at the Botswana Savings Bank Insurance Agency launch29 March 2023

Old Mutual Life, General Manager, Mr. Daniel Matlhagela had the honor of speaking at the Botswana Savings Bank Insurance Agency launch held yesterday. The launch took place at Phakalane Golf Estate in Gaborone and was attended by key stakeholders, including the Old Mutual Life Chairperson, Ms. Tumi Mbaakanyi, Old Mutual Botswana Group CEO, Mr. Gerald Randall and the CEO of the Botswana Stock Exchange, Mr. Thapelo Tsheole.

The BSB Insurance Agency will provide life insurance services, in partnership with Old Mutual Life amongst other services. In his speech, Mr. Daniel Matlhagela congratulated Botswana Savings Bank (BSB) on its milestone and highlighted the strong partnership between the two companies. He also emphasized the importance of insurance as a promise of protection and security and pledged to work with BSB to bring innovative and flexible insurance solutions to more people across Botswana.

The launch of the Botswana Savings Bank (BSB) Insurance Agency is a significant achievement for BSB, as it marks the addition of a new service to its product offering. The agency will not only provide valuable insurance services to customers but also enhance BSB's social responsibility efforts by offering services and facilities where they are needed. The partnership with Old Mutual Life will enable BSB to distribute insurance products exclusively throughout its branch network, further strengthening the relationship between the two companies. BSB CEO, Mr. Nixon Marumoloa, stated that financial inclusion is a key priority for BSB, and the addition of an insurance agency to its product offering is a step towards ensuring that everyone has access to financial services. The partnership between BSB and Old Mutual Life is a testament to the importance of collaboration in driving innovation and growth in the industry.