June 16, 2017 – Insurance24

16Jun

Insurers prepare for personal cyber insurance demand

16 Jun 2017 Insurance24

Insurers prepare for personal cyber insurance demand

Insurers are preparing for a surge in demand for cyber cover in personal lines as the awareness of the risk grows in the population and cybercrime cases jump.

While traditional crime has been falling steadily in the past 20 years in the UK, cybercrime cases have shot up in recent years, surpassing the total number of cases of traditional crimes,

16Jun

Insurance penetration ratio targeted at 20% in the next two years

16 Jun 2017 Insurance24

Insurance penetration ratio targeted at 20% in the next two years

Harare – The Insurance and Pensions Commission (IPEC) is targeting to increase insurance penetration ratio to 20% in the next two years from the current 3, 6 % through micro insurance which is largely affordable to low income earners.

Launching the micro insurance regulatory framework, Ipec Commissioner Tendai Karonga said micro