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    About the Association

    Guiding Botswana’s life insurance industry with integrity since 2018. Advocating for professionalism, collaboration, and consumer education.

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    Consumer Education

    Empowering clients with life insurance knowledge. Demystifying complexities for informed decisions. Explore our consumer education resources for confidence.

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    Stay informed with ALUB’s latest updates, press releases, and industry insights. Explore our media center for valuable information.

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Driving Progress

The Industry in Numbers

HomeIndustry in Numbers

Discover key statistics and insights about the life insurance industry in Botswana, highlighting trends and important figures shaping the market.

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LICENSED UNDERWRITERS

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PULA

Total value of assets held by insurance institutions in Botswana (2022)

  • STATISTIC
As of 2022, total assets held by insurance institutions stood at P24,504 million, up from P23,699 million in 2021.
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Frequently Asked Questions
Glossary of Terms
Executive Members
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FACT

What does an underwriter actually do?

Modern-day underwriters play a variety of roles, depending on the industry in which they work. In general, underwriters are tasked with determining the level of risk involved in a transaction or other kind of business decision.
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Institutions

Number of Insurance institutions currently in Botswana (2023)

  • Underwriting in the financial world
Underwriters play a critical role in many industries in the financial world, including the mortgage industry, the insurance industry, equity markets, and some common types of debt securities trading. Investors need underwriters to determine if a business risk is worth investing in. In addition, underwriters also contribute to the success of sales activities.

STATISTICS

The Structure of the Botswana Financial System

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Institutions

Life Insurers

  • 2023
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Institutions

General Insurers

  • 2023
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Institutions

Re-insurers

  • 2023
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Institutions

Medical Aid
Funds

  • 2023
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Institutions

Others
Estimate

  • 2023
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Institutions

Total

  • 2023

STATISTICS

Total Asset Held in Insurance (2021)

P 0 M
BWP

Life Insurers

P 0 M
BWP

General Insurers

P 0 M
BWP

Re-insurers

P 0 M
BWP

Medical Aid Funds

P 0 M
BWP

Others (Estimate)

P 0 M
BWP

Total

STATISTICS

Total Asset Held in Insurance (2022)

P 0 M
BWP

Life Insurers

P 0 M
BWP

General Insurers

P 0 M
BWP

Re-insurers

P 0 M
BWP

Medical Aid Funds

P 0 M
BWP

Others (Estimate)

P 0 M
BWP

Total

STATISTICS

Total Asset Held in Insurance % (2022)

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Of Industry Assets

Life Insurers

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Of Industry Assets

General Insurers

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Of Industry Assets

Re-insurers

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Of Industry Assets

Medical Aid Funds

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Of Industry Assets

Others (Estimate)

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Of Industry Assets

Total

Gross Written Premiums

And Asset Distribution for Insurers (%)

Explore insights on gross written premiums and asset distribution, highlighting financial health and investment strategies of Botswana’s life insurers.
Glossary of Terms

Total Gross Written Premiums for Insurers

(Percentage)

No Data Found

Distribution of Insurers' Assets

(Percentage)

No Data Found

Financial Statements

Income for Life Insurers

Review the Abridged Statement of Comprehensive Income for Life Insurers to understand their financial performance and profitability in Botswana.

Abridged Statement of Comprehensive Income for Life Insurers

BWP Million

No Data Found

Financial Statements

Financial Position for Life Insurers

Examine the Abridged Statement of Financial Position for Life Insurers to assess their assets, liabilities, and overall financial health in Botswana.

Abridged Statement of Financial Position for Life Insurers

BWP Million

No Data Found

  • DID YOU KNOW?

The term “underwriter” first emerged in the early days of marine insurance. Shipowners sought insurance for a ship and its cargo to protect themselves if the boat and its contents were lost. Shipowners would prepare a document that described their ship and its contents, crew, and destination.

The bankers would physically write their names under the ships listed on the wall-to-wall covered blackboards which showed detailed information about the cargo, crew, destination, and weather. This is how the word “underwriting” came to be.

The History of the Word "Underwriter"

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