MVA FUND – Gaborone – Botswana

  • MVAFUND_001

Africa Business (Only African) Category: BUSINESS, FINANCIAL SERVICES & BANKING and INSURANCE & RELATEDAfrica Business (Only African) Tags: Botswana, Botswana Motor Vehicle Accident Fund, Financial, Gaborone, Insurance, MVA FUND and Private

  • Profile

    Botswana Motor Vehicle Accident Fund started operations on 1 January 1987. Its establishment was at short notice, born of necessity by the insurance industry’s announcement of intended increases of third party premiums by up to 600 per cent. The industry had cited escalating road traffic accidents as the root cause of the intended premium increase, but Government was concerned that the proposed escalations were out of reach for most motorists. The Fund was born with the ultimate aim of providing

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