Over the past few months, the Minet Botswana team has been working tirelessly on increasing its brand exposure through several initiatives, offering high-level service to customers, and tapping into untapped market solutions. Several events throughout the organization have shown that there is room to achieve greater heights in Botswana, whether it’s in increasing customer knowledge of the product offerings, reaching out to untapped markets, procuring potential clients in mining and energy, as well as growing the risk management and consultancy business. There has been a good stretch toward building and maintaining the Minet brand as a whole.
Podcast Featuring Minet Botswana Group CEO
On the 03rd of August 2022 Minet Botswana’s former Group CEO, Mr. Barnabas Mavuma was featured on the Podcast “Mogobe Nuggets of Wisdom: Aon to Minet Botswana – A Journey within the Insurance Industry”. The podcast features Mr. Mavuma’s 20 years’ journey in the insurance industry, moving from being an Account Executive to ultimately being Group CEO. It furthermore highlighted the different subsidiaries under Minet Botswana, being:
- Minet Botswana (MB)- offering short- and long-term insurance solutions to corporate clients, small businesses, households, and individuals.
- Minet Botswana Retirement Solutions (MBRS)- offering Pension Administering, Umbrella funds, and Retirement Consulting to organizations, firms, small businesses, and individuals.
- Minet Risk Management and Consulting (MRMC)- offering asset valuations - including plant and machinery - as well as motor insurance and training to large organizations and individuals.
During the podcast, Mr. Mavuma explained where the business stands and how it is the one-stop solution for clients looking into tailor-made solutions that will help achieve and protect business and individual insurance goals. The podcast allowed clients and prospects to have an in-depth view of product offerings and obtain a better understanding of the business.
Mining Coal Forum
On the 27th of October 2022, Minet hosted the Mining and Energy Coal Forum in partnership with AON-Re (SA). The event was held at the Minet Botswana offices and was hosted by our Mining and Energy Director Mr. Tirelo Dikeme. The forum’s opening remarks stated the financial outlook of the coal ecosystem. This 2022-specific forum was not a new initiative and was mainly a follow-up to the same forum conducted in 2019 at Aon in Johannesburg. The forum was held with the aim of assisting clients and prospects with their respective business planning going forth, especially around risk management strategies and ultimately insurance optimization.
The forum provided an update on where the African insurance markets are with regards to “going green”, expectations from the markets on our clients, and how - during these uncertain times - clients can navigate the challenges faced for the betterment of the communities within which they operate.
Some specific topics covered during the forum were:
- Engineering Underwriters View presented by Tyrelle Correa (Mirabilis Engineering)
- Renewable Energy- Cradle to the Grave presented by Michaelson Chonyera (Managing Director MB)
- Re-Insurance Markets Overview presented by Lee Mcallister (Aon- Re South Africa)
- Coal- Loss Adjusting presented by Albert De Bondt (Loyd Warwick South Africa)
- Property Underwriters View presented by Vincente Da Silva (South Africa)
- ESG presented by Gabrielle Karidza (Managing Director MRMC)
Minet Delivers New Product for SMMEs
Minet in partnership with Hollard Insurance Botswana officially signed a new SMME product offering, aimed at reaching small, medium, and micro-enterprise businesses which have long been underserved in the financial services sector. Mr. Gavin Classen (MD Hollard – Short Term) and Mr. Michaelson Chonyera (MD Minet Botswana) signed the agreement and shook hands to finalize the agreement of the business opportunity that this product will bring to both entities and to confirm the commitment both parties have jointly undertaken to deliver value to small businesses. The new offering is expected to generate an additional income stream for Minet and represents a measure of independence by allowing the Minet team to load policies in-house which will make the process of new business closing and renewals more efficient. The initiative will also benefit Hollard by reducing business processes. All is set to go as the regulator officially approved the plan, and the relevant teams have been trained and empowered to competently load business.
The SMME product offers solutions for business insurance (e.g., assets, buildings, motor vehicles and liabilities, staff welfare, workman’s compensation) as well as personal insurance (residential, motor vehicle, house contents, and personal effects).
We thank the Minet Botswana team for its continuous hard work and drive toward reaching greater heights and success. The effort shown in making us the number one brokering, pension administration, and risk management consulting services provider in Botswana is commended and highly appreciated.
Khumo Badisang ǀ Marketing Executive ǀ Minet Botswana
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