Insights From the Field: The Impact of COVID-19 on Insurance Companies

Insights From the Field: The Impact of COVID-19 on Insurance Companies

“Despite the difficulties, most insurers shared that they would retain an appetite for agriculture insurance”

HARARE,  (Global Index Insurance Facility) – To understand the impact of COVID-19 on agriculture insurance operations, GIIF conducted a survey with 11 of its implementing partners in Sub-Saharan Africa and

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Is this the insurance industry’s new normal

Is this the insurance industry’s new normal? (By Travys Wilkins)

Many insurance businesses have been forced to speed up their digital transformation efforts but could a hybrid business model be the industry’s future?

When government first announced a national lockdown back in March, countless businesses were left scrambling to make working from home, work. Sure, distributed work was probably on

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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.

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ZEP-RE urges insurers to fast-track digitization process following Covid-19 pandemic

ABOUT ZEP-RE

ZEP-RE (PTA Reinsurance Company) was created under the auspices of the then Preferential Trade Area (the precursor to COMESA).

The Company was to promote the trade in insurance and reinsurance trade through creation of capacity, training of the region’s insurance personnel, provision of technical services and the re-investment of premium funds within the region. When the Preferential

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Digitalising customer engagement vital for retail insurance growth

Digitalising customer engagement vital for retail insurance growth

HARARE, One of the realities of the current COVID-19 pandemic is the fact that it has made people realise the importance of having adequate life, disability, and funeral cover in place. And with clients considered the most disruptive force in the insurance industry, insurers would do well to ensure they provide innovative retail products

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COVID-19: SIX POST-PANDEMIC PRIORITIES FACING INSURERS

Insurers should prepare for a post-pandemic business environment that will be intensely digital and full of uncertainty

The sudden acceleration in the uptake of digital technologies by consumers and businesses during the COVID-19 pandemic is dramatically transforming how we live, work and engage with each other. Insurers need to ready themselves to meet the challenges and opportunities that lie ahead

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Sanlam takes full ownership of FBN Insurance in Nigeria

Sanlam takes full ownership of FBN Insurance in Nigeria

Sanlam is pleased to announce that it has acquired the remaining stake in the Nigerian insurance business FBN Insurance from its partner, FBN Holdings Plc (FBNH). This gives the Group 100% ownership of FBN Insurance Limited (FBNI) and its subsidiary, FBN General Insurance Limited.

The transaction, conducted through Sanlam’s business cluster

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Old Mutual approved first market maker for ETFs…….Embracing digitalised decision-making

Old Mutual approved first market maker for ETFs

Staff Reporter

INSURER, and diversified financial services group, Old Mutual Securities (Private) Limited has been approved as the first market maker for an Exchange Traded Fund (ETF) which is anticipated to list on the Zimbabwe Stock Exchange (ZSE) in due course.

The registration of OMSEC is in accordance with the ZSE Market Making Rules and is with

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Move to cloud crucial for business response to COVID-19

Move to cloud crucial for business response to COVID-19

The current lockdown is testing the ability of business to adapt quickly to changing market conditions. Companies that have embraced more digital ways of working have been far less impacted.

Several slower respondents are turning their focus away from only the cost benefits of cloud-based solutions to the agility and responsiveness that they

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