Research follow-up
25 October 2026 · Published scores retain the 14 October evidence cutoff.
Botswana
BIHL’s 2024 audited group reporting was freshly inspected. It supports group-level implementation, but does not close the separately audited local-insurer gap. The full 2025 accounts remained inaccessible. NBFIRA’s 2025 report is listed officially; its substantive contents were not obtained. The Continental Re prospectus provides a useful distinction between licensed entities, not standalone audit proof. Botswana remains unrated.
Newly checked material
- Integrated Annual Report 2024 — Printed pp.104–107 (PDF pp.104–107): opinion, IFRS 17 KAM and auditor date; printed pp.108–110 (PDF pp.108–110): Group versus Company columns; printed p.131: insurance accounting policy. Holding-group audit; separate Company statements are not Botswana Life legal-entity insurer statements.
- Continental Re prospectus — Printed pp.16 and 20 (PDF pp.16 and 20): apex entity and separately licensed Botswana operation; printed p.104 (PDF p.104): Botswana subsidiary. Entity-perimeter discovery lead. Prospectus forecasts and group disclosures are not a verified standalone local insurer audit.
These are staged findings, not a newly reviewed rating. Read the published Botswana assessment.
Published assessments
All eight passed file-level arithmetic, source/claim join, recorded approval and report-existence checks. Primary evidence was not freshly re-verified across all eight.
| Country | Score | Next evidence task |
|---|---|---|
| Ghana | 4/5 | Direct life-insurer audit coverage and evidence of supervisory enforcement. |
| Kenya | 4/5 | Standalone general-insurer audits and current legal carve-outs. |
| Nigeria | 4/5 | Domestic reinsurer audits and supervisory review outcomes. |
| Rwanda | 4/5 | Measured market coverage and BNR operational review evidence. |
| Seychelles | 3/5 · provisional | Second mandatory reporting cycle, standalone audits and operational supervisory returns. |
| South Africa | 4/5 | Branch and Lloyd’s perimeter, quantified insurer coverage and current JSE/PA outcomes. |
| United Republic of Tanzania | 4/5 | Life-insurer audited sample and regulatory reconciliation outcomes. |
| Zimbabwe | 4/5 · provisional | Qualified-audit remediation, life-insurer coverage and supervisory follow-through. |
AI-assisted file audit and research follow-up; no new independent review or external assurance.