Most Burundians have no fire insurance policy
A significant number of Burundians show reluctance in subscribing to a fire insurance policy, despite the country's vulnerability to this type of risk.
This is due to the lack of insurance culture, low purchasing power, lack of awareness among insurers and the delays in settling claims.
Industry experts are calling on citizens, especially shopkeepers and property owners, to cover themselves against fire risk.
In order to develop this sector, the supervisory authorities suggest several solutions, namely launching awareness campaigns, paying claims within the legal deadlines and introducing a mandatory fire insurance system.
Read also | Burundi insurance market
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Mon, 28/02/2022 - 14:59
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