Insurance Institute testing exposes huge car safety concern

Insurance Institute testing exposes huge car safety concern

Compiled by insurance24

HARARE, Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns.

The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing

Read more

Big data a $2.4 billion opportunity for insurance industry – report…Constantia Life and Health Assurance Company Limited chooses SilverBridge as solutions provider

Big data a $2.4 billion opportunity for insurance industry – report

Compiled by Insurance24

Big data investments in the insurance industry are expected to account for more than $2.4 billion by the end of 2018, according to new data from market research and consulting firm SNS Telecom & IT.

Originally used to describe data sets whose size was beyond the ability of traditional databases, “big

Read more

NSSA revenue in marginal decline in 2017, but profit in massive jump

NSSA revenue in marginal decline in 2017, but profit in massive jump

By Insurance24

HARARE, The National Social Security Authority (NSSA) revenue for 2017 declined a marginal one percent to $349 mln largeley as a result of declining contributions and premiums as registered employers number declined due to company closures.

Despite that, NSSA, profit for the year significantly went up to $149 million

Read more

Marsh & McLennan Companies reveals second quarter financial results…Data could help insurers patch premium leakage at scale

 

Marsh & McLennan Companies reveals second quarter financial results

By Insurance24

HARARE, Marsh & McLennan Companies has announced its second quarter financial results, reporting an underlying revenue increase of 3%, boosted by a strong performance in Risk & Insurance Services, which achieved 5% underlying growth in the quarter.

Consolidated revenue in Q2 of 2018 was US$3.7 billion, an increase of 7% compared with the second quarter of 2017. Total net income

Read more

Nyaradzo Life Assurance acquires specified hearses…..News Release

Nyaradzo Life Assurance acquires specified hearses…..News Release

By Insurance24

HARARE, Nyaradzo Life Assurance’s funeral services division has acquired three hearses which are on standard Toyota bodies modified to Nyaradzo’s specifications.

The three Toyota 2.4 L 4×4 GD6 engine hearses were delivered yesterday

Reasons for the Design of the Vehicles

Nyaradzo Group has clients who are spread

Read more

How brokers can clinch client referrals….What are you doing to gain those top-quality professional referrals?

How brokers can clinch client referrals

By Insurance24

HARARE,  Client referrals are a key part of growing any business yet some brokers still aren’t sure how to approach their customers for contacts or recommendations – now, one industry expert is offering his advice.

“Your existing client base is one of your most valuable assets and top performers generate the majority of their new business from referrals,” says Clifton Warren,

Read more

Positive investment returns drives Mining Industries Pension Fund (MIPF) funding level to 77.5% in 2017

Positive investment returns drives Mining Industries Pension Fund (MIPF) funding level to 77.5% in 2017

By Insurance24

HARARE, Funding level for the Mining Industries Pension Funds’ (Miff) improved to 77.5% in 2017 compared to 58.1% in 2016 with the growth largely attributed to a positive investment  returns achieved on the assets of the fund during the year.

The Pension fund in a circular to

Read more

5 Top Trends In Accident Insurance….Without A Succession Plan, A Merger May Be The Best Option

5 Top Trends In Accident Insurance

By Insurance24

HARARE,  If I asked you to name a billion-dollar-selling employee benefit, accident insurance might not be the first to jump to mind.

But it is: $1.1 billion in premium last year, to be exact. Eastbridge Consulting Group reports voluntary accident insurance is an increasingly popular employee benefit, with sales surging nearly 40 percent between 2013

Read more

Fewer Severe Natural Disasters In 2018; Overall Losses Below Average…Liberty Mutual, other insurers start dropping risky clients

Fewer Severe Natural Disasters In 2018; Overall Losses Below Average

Compiled by Insurance24

HARARE,  Munich Reinsurance released new data showing that worldwide natural disasters are way down so far in 2018.

Here is an overview of natural catastrophe figures for the first half of 2018:

– The overall losses of US $33 billion were roughly half those of the previous year and of the price-adjusted

Read more