The Mozambican Insurance Company (EMOSE) is going to set up a fund to finance small and medium-sized enterprises (SMEs) next year, according to the Chairman of the Board of Directors, Janfar Abdulai.
The fund, with initial capital of 500 million dollars, will be set up with a strategic partner of EMOSE, and should invest in companies dedicated to innovation and transformation.
Speaking about EMOSE's digitalization process, the PCA said that it was an ongoing issue, aimed at making the insurer's services more flexible.
"Digitalization has enormous power in that it allows us to reduce the geographical space and time between the insurer and its client," he said, quoted today by RM.
However, he noted the relativity of opinions on the time in which the insurer must respond to customer concerns, even to prevent fraud.
"Some argue for more or less time. However, we, as EMOSE, have set an average time of no more than 22 days for settling claims. That's the time we've been chasing," he said.
Janfar Abdulai was speaking at the opening of EMOSE's Annual Meeting of Managers and Executives.
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