16 Oct 2017

Liberty Life Insurance is committed to hosting an annual insurance and breakfast seminar that will be a platform for insurance companies to live up to what they see as their responsibility to share knowledge.

Speaking during an insurance and breakfast seminar, the managing director of Liberty Life Botswana, Ms Lulu Rasebotsa said the advantage of knowing was anchored around the belief that if people put together their heads to share knowledge and to put that knowledge into use to unearth solutions, there was little that could not be achieved.
Ms Rasebotsa further said the annual insurance and breakfast seminar would be a platform for the insurance industry to live up to its responsibility and to share knowledge with a family of experts.

“This forum would and has subsequently become a vehicle through which we sit with the various players in our business ecosystem to discuss key local, regional and international trends, insights and policies regarding the insurance industry and the associated business landscape,” she said.

She noted that this year they had chosen to have a conversation around “digital disruption and the impact of technology on insurance in underwriting,” because it was an agenda that any entity that took itself seriously would be prioritising as part of their business strategy with varying degrees of necessity and investment.
She highlighted that retail music, the likes of itunes, tidal and Google music play, book store, ibooks and kindles, travel and lodging and media with most media portals now transitioning to online were some of the high-profile sectors that had already felt its force, transforming their economies and sometimes toppling what were once industry heavyweights.
Ms Rasebotsa noted that along with the rest of the world, Liberty Life was under no illusion about the technological future of insurance and as part of their 2020 strategy.

She said they strive to be a market leader in technology by continuing to launch more innovative, market leading insurance products and increasing the quality and quantity of our omni-channel touch points.
For his part, Mr Oupa Mothibatsela, who is a board member of Liberty Life Botswana, said the use of technology led to remarkable business growth, and that the digital world was not all about the use of devices, but it was also about cultural change. ENDS