SONARWA to increase its branch network

Rwanda’s leading insurance company, SONARWA, is set to increase branch network across the country in a bid to reach more clients, according to the insurer’s acting Managing Director, Olusegun Durojaiye. In an interview with The New Times, Durojaiye said that despite the major investments the company has undertaken, there was need to increase on outlets to maintain its lead position on the market.

Rwanda’s leading insurance company, SONARWA, is set to increase branch network across the country in a bid to reach more clients, according to the insurer’s acting Managing Director, Olusegun Durojaiye.

In an interview with The New Times, Durojaiye said that despite the major investments the company has undertaken, there was need to increase on outlets to maintain its lead position on the market.

He said that the company is going to create more marketing outlets and branches in the country. So far, the company has over 20 branches countrywide.

He emphasized that SONARWA is trying all means to stay ahead of the competition by improving its operating system and on the working conditions of the employees.

“Sonarwa has surpassed the government’s minimum share capital of Rwf2bn to 2.2bn and this will enable us expand and finance our programmes,” said Durojaiye.

He further noted SONARWA has total assets of Rwf 1.5 billion and that its net premium has moved from Rwf4.6 billion to 5.5 billion.

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