Editor,

RE: "BNR cracks the whip as unethical conduct threatens insurance sector” (The New Times, October 18).

I wonder why the regulator would say the sector is not growing while they posted 11.6%, 9% and 16% in assets, capital and premiums, respectively, in 2015. This is a healthy growth trend.

Market penetration is another issue which does not have to do with selling policies on credit. The sector players should look beyond current products portfolio, innovate and market their products.

Competition is healthy and is absolute game changer for companies' growth and diversification. Market interventions by the regulator only increase the existing bargaining power of business owners at the expense of the customer.

Let them compete, it will be the Rwandan citizen to benefit.

David Rugamba Muhizi