PRODUCT REVIEW: Zimnat introduces courtesy car and new claims process

 Zimnat introduces courtesy car and new claims process

HARARE, Zimnat General Insurance recently launched a new motor claims process and a towing and courtesy car service to make life as easy and stress-free as possible for its comprehensive motor insurance policyholders if they are involved in a road accident.

“Being involved in an accident is quite traumatic. We want to help our clients and relieve

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CBZ Insurance to grow on new strategy

CBZ Insurance to grow on new strategy

Staff Reporter

CBZ Holdings says it sees growth in the group’s insurance business going forward hinging on new strategies the group is implementing, Insurance 24 has learnt.

The group board chairperson Marc Holtzman last week said the growth of insurance is positive leveraging on the fact that insurance penetration rate is only 2%.

“We have our insurance business

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First Mutual Health reviews contributions to cushion against shortfalls

First Mutual Health reviews contributions to cushion against shortfalls

HARARE, First Mutual Health — a subsidiary of First Mutual Holdings that offers medical aid insurance schemes has reviewed corporate member contributions upwards effective January 1, 2020.

The company offers medical insurance schemes through packages that range from general medical to more comprehensive private medical cover

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PRODUCT REVIEW: CBZ TRAVEL INSURANCE

CBZ reintroduces international travel insurance: PRODUCT REVIEW

HARARE, CBZ Insurance recently unveiled its international travel insurance set to benefit policy holders on matters of personal safety, baggage damage and other unforeseen financial losses going away for trips.

The programme covers business or recreational travellers.

Under the insurance initiative, CBZ Insurance undertakes to ensure those

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FMHL makes move at subsidiary level

FMHL makes move at subsidiary level

Staff Reporter

HARARE, Insurance group, First Mutual Holdings Limited has advised of a potential transaction through one of its subsidiary which may have an impact on the group’s share price.

In a statement, FMHL, said caution should be excised when dealing with the company’s share until a full announcement is made.

“Shareholders are advised that

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PRODUCT REVIEW: Zimnat brings relief to Zimbabweans living abroad and locally

Zimnat brings relief to Zimbabweans living abroad and locally

HARARE, Zimnat Life Assurance announced a funeral plan, Kwedu/Ngekhaya, for Zimbabweans living outside Zimbabwe that enables them to be buried back home in Zimbabwe, with pay‑outs guaranteed in United States dollars or South African rands.

Moreover they can include members of their family back in Zimbabwe on their policy, ensuring that

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Cassava’s insurtech business in growth trend

Fidelity Life Advert

Cassava’s insurtech business in growth trend

Staff Reporter

HARARE, Cassava’s insurtech business has been trading on an upward trend with a 17% growth recorded in life policies in the nine months to November 2019.

In a third quarter report, the group company also said the short-term insurance business recorded a significant growth at 5,050% compared to same period last year.

“The

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Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy

Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy

HARARE, SilverBridge has entered into a contract with The Hollard Life Company to implement the Exergy cloud-based policy administration system for the Hollard Partner Solutions business, a division of the well-known South African insurer.

“Our organisation has worked with the Hollard group for

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Old Mutual in talks to acquire Moonlight Funeral Assurance

Old Mutual in talks to acquire Moonlight Funeral Assurance

HARARE – Old Mutual is in talks to acquire Moonlight Funeral Assurance as part of its efforts towards forward integration, complementing its life business.

Old Mutual is the country’s largest life assurance company controlling about 38.71% of the market in June 2019 in terms of revenue and 79.71% in terms of assets. Old Mutual

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