Economy

  • Brokers struggle to meet minimum capital thresholds
    Brokers struggle to meet minimum capital thresholds Dorcas Chigodho HARARE, Zimbabwe’s RE/insurance brokers and funeral assurers are struggling to attain gazetted minimum capital thresholds with the regulator, Ipec, having already demanded their capitalization roadmaps. End of November 2020, FINANCE minister Mthuli Ncube reviewed minimum capital requirements for the insurance sector, indicating that Read more Share...FacebookTwitterLinkedinemail […]

Corporate

  • Ruling party recommends USD only trading platform for Old Mutual
    Ruling party recommends USD only trading platform for Old Mutual  Staff Reporter HARARE, The ruling party, Zanu Pf has reaffirmed its position of having Old Mutual delisted from  the Zimbabwe Stock Exchange (ZSE), saying  the bourse should create  a USD only trading platform for the diversified insurer and financial services giant. Under this arrangement, Old Mutual Limited can then be allowed Read more Share...FacebookTwitterLinkedinemail […]

Markets

  • Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector
    Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector By Insurance24 HARARE, Three Insurers, saw their shares trading on Tuesday with the market closing firm with the All Share Index closing 0.67% stronger at 112.88. Nicoz Diamond was flat at 0.03c while Zimre Holdings lost 0.433% to close at 230c while Old Mutual was also lower, closing at 69628c. For Read more Share...FacebookTwitterLinkedinemail […]

International

  • Insurance industry set to overcome recession – Swiss Re Institute
    Insurance industry set to overcome recession – Swiss Re Institute By Ryan Smith HARARE, The insurance industry is poised to overcome the COVID-19-induced global recession, according to a report by Swiss Re Institute. The recession – the sharpest economic contraction since the 1930s – will lead to a slump in demand for insurance this year, especially for life products, Swiss Re Institute predicted. Read more Share...FacebookTwitterLinkedinemail […]

Analysis

  • Insurance sales targets exerting pressure on agents
    Insurance sales targets exerting pressure on agents Paradzi Masvingise HARARE-“These days, the competitive environment is extremely challenging for most companies. The price, cost and innovation pressure is strong. At the same time, the expectations by the investors are very high: The return on the invested capital ought to be maximal. “Companies set ambitious targets, which are defined for different Read more Share...FacebookTwitterLinkedinemail […]