July 25, 2021
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Shaping Life Insurance
United in underwriting
Join us in shaping a sustainable, resilient future for the insurance industry. Explore, Learn, Collaborate with ALUB today.
ALUB, Your Partner in Life Insurance Excellence
Empowering Lives, Securing Futures
Botswana’s Leading Life Underwriters Association for Professionalism, Education, and Innovation Since 2018
With a strong focus on collaboration, the association serves as a vital link between life insurers and regulatory bodies, ensuring the industry’s standards are both met and maintained. ALUB’s strategic vision, articulated in its 2024-2027 Strategic Plan, is aimed at fostering a sustainable, resilient, and confident future for the life insurance sector.
With a strong focus on collaboration, the association serves as a vital link between life insurers and regulatory bodies, ensuring the industry’s standards are both met and maintained. ALUB’s strategic vision, articulated in its 2024-2027 Strategic Plan, is aimed at fostering a sustainable, resilient, and confident future for the life insurance sector.
The Industry in Numbers
Highlights of the Industry
Explore key life insurance industry statistics, offering insights into market trends and performance, essential for informed decision-making and strategic planning.
0
Institutions
Total insurance institutions in Botswana
- 2023
This statistic consists of Life insurers, General insurers, Re-insurers, Medical aid funds and others such as Brokers.
0
B
PULA
Total value of underwritten assets in Botswana
- 2022
As of 2022, total assets held by insurance institutions stood at P24,504 million, up from P23,699 million in 2021.
Frequently Asked Questions
Answers to Questions
Find answers to common questions about life insurance, helping you understand policies, benefits, and processes with ease and confidence.
What is a life insurance policy?
- FAQ
A contract between an insurer and a policyholder where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.
What is the difference between term and whole life insurance?
- FAQ
Term life insurance provides coverage for a specific period, while whole life insurance lasts for the insured’s lifetime and typically includes a cash value component.
Glossary of Terms
Explaining The Industry
Discover answers to common life insurance questions, helping you make informed decisions and navigate your policy with confidence.
Pension Fund
- Term
A fund established by an employer to facilitate and organize the investment of employees’ retirement funds contributed by the employer and employees.
Death Benefit
- Term
The untaxed lump sum paid to the beneficiary upon the policyholder’s death, also known as the policy’s face value.
Latest News
Informing The Industry
Stay updated with the latest news in the life insurance industry, covering key developments, trends, and important announcements.
Total Gross Written Premiums for Insurers
(Percentage)
No Data Found
Gross Written Premiums
Gross written premiums represent the total revenue from insurance policies before deductions, reflecting the industry’s financial health and market size.
Empowering Underwriters
The Association of Life Underwriters Botswana
The Association of Life Underwriters Botswana (ALUB) plays a crucial role in guiding the life insurance industry towards professional growth and adherence to best practices in Botswana. Since its inception on May 28, 2018, ALUB has dedicated itself to upholding the integrity of the industry and ensuring the interests of clients are prioritised.
With a strong focus on collaboration, the association serves as a vital link between life insurers and regulatory bodies, ensuring the industry’s standards are both met and maintained. ALUB’s strategic vision, articulated in its 2024-2027 Strategic Plan, is aimed at fostering a sustainable, resilient, and confident future for the life insurance sector.
This involves embracing innovative technologies, enhancing consumer education, and advocating for the industry’s collective interests. By aligning its activities with its foundational vision, mission, and values, ALUB is set to make significant contributions to the industry’s growth, while also enhancing the value it provides to its members and the broader community.
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%
Insurance
Total insurance purchased in Botswana is Life insurance
Eighty-one percent of all insurance purchased in Botswana consists of life insurance, highlighting its importance in financial planning.
Empowering Excellence
Our Association Members
ALUB’s members are the cornerstone of Botswana’s life insurance sector, comprising dedicated professionals committed to excellence. With diverse expertise and unwavering integrity, they collectively drive innovation, advocate for consumer welfare, and uphold the highest standards of professionalism, ensuring a secure future for all stakeholders.
