Nothing much will change in terms of strategic direction at Botswana Insurance Holdings Limited (BIHL) under the stewardship of newly appointed Group Chief Executive Officer (CEO), Catherine Lesetedi-Letegele.
In an interview with The Telegraph, Lesetedi ÔÇôLetegele said she will continue with the twin strategy of growth and profitability, which has worked well for the financial services group so far. She affirmed her conviction that BIHL is a reputable organization that comprises of equally strong subsidiary businesses.
“We will continue to leverage our existing strength in numbers. My vision is very much attuned to the current strategy; to continue to grow BIHL into an even stronger financial services provider that drives sustainable impact across the board and has a real impact on people’s lives,” she said.
She expressed optimism that BIHL’s recent acquisition of Nico Holdings and Botswana Insurance Company (BIC) will further enhance its value proposition. She also stated her commitment to BIHL’s human capital, saying people are core the of BIHL’s success both from an internal and external perspective.
“Internally, we will continue to improve the technical skills of our people. Externally, we will continue to deliver innovative, sustainable products that enhance our clients’ lives,” she said.
To overcome the tough operating environment and unfavorable economic landscape expected in 2016, Lesetedi-Letegele intends to prioritize looking for opportunities and investing in people to improve technical expertise and promote innovative solutions. BIHL will also strengthen its existing businesses by broadening client offering and access points, harnessing group synergies and leveraging cost efficiency and group capabilities.
“Our target is to be a regional financial services provider through optimization of the Group’s collective strength. We must thank Sanlam for the support,” she said.
Lesetedi-Letegele was appointed BIHL Group CEO effective 1st March 2016. She is well respected in financial circles and is said to possess a vast set of skills from her experiences across the financial services sector. Her career spans over two decades, most of which were within the BIHL Group. Lesetedi-Letegele is well known as a transformative leader. One of her notable achievements at BIHL include introduction of the BLIL Life Rewards Card, which is said to be reinventing the entire insurance sector.