Baobab Re and FML accounts for 85% of Reinsurers premium income in Q1 2017

Insurance24 Reporter

HARARE, Reinsurers reported a negative growth of 23% during the first quarter to 31 March 2017 following a decline in business written to $1.12 mln compared to $1.44 mln same period in 2016.

The decline according to IPEC’s Q1 Life Assurance report is attributable to the continued predominance of non-risk

Insurance brokers record declining profitability in Q1 2017

Insurance24 Reporter

HARARE, Insurance brokers wrote $24.09 million in business for the quarter ended 31 March 2017, accounting for 35.31% of the total Gross Premium Written (GPW) for non-life insurers, however, was 2.02% lower than 24.59 mln written for the same period in 2016.

According to the Insurance and Pensions Commission (IPEC) first