Government urges pensions industry to increase uptake of prescribed assets Staff Writer Harare, Government says it is keen to see the pension’s industry redirect resources that deepen the financial services sector as it urged the sector to increase uptake in prescribed assets. The insurance and pensions industry has been saddled by investing in prescribed assets pushing to the fore the narrative Read more Share...FacebookTwitterLinkedinemail […]

    Old Mutual Insurance’s financial strength upgraded Staff Writer Old Mutual Insurance Company (OMICO) financial strength rating has been upgraded to an AA, symbolizing its ability to pay claims and maintain a strong market position, Insurance 24 reports. In a statement, OMICO said the rating symbolised the strength in its financial profile and ability to pay claims and strong market position Read more Share...FacebookTwitterLinkedinemail […]

ZSE firmer today HARARE, The ZSE traded firmer today with most indices reducing the losses from previous sessions. The Mining Index gained 19.30 points, the Top Ten Index added 2.47 points and the benchmark All Share Index was up by 15.49 points. First Mutual Properties and Getbucks were the biggest gainers adding 20% whilst Dawn Properties was the biggest loser after easing 11.53%. The market breadth Read more Share...FacebookTwitterLinkedinemail […]

How can insurance businesses build their “resilience muscle”? Resilience has been the order of the day for the insurance industry since its inception but never has that been more apparent than during the last 18 months. COVID-19 has turned up the heat on insurance businesses of every shape and size. At Insurance Business UK’s recent Women in Insurance conference, a panel of esteemed Read more Share...FacebookTwitterLinkedinemail […]

Life insurance is one of the important pillars of personal finance. In the COVID-19 era, this has assumed greater significance. In case of the death of the insured individual during the policy term, the death benefit (a lump-sum amount) is paid by the insurance company to the beneficiaries named by the individual. If the person survives the tenure of the policy, he/she doesn’t get anything back. The Read more Share...FacebookTwitterLinkedinemail […]