Zimbabwe Insurance Brokers (ZIB) develops ‘Pothole’ insurance cover

Insurance24 Reporter

HARARE, The Zimbabwe Insurance Brokers Limited (ZIB) has introduced a pothole insurance product that covers certain damages on vehicles as a result of potholes on the roads.

Most roads in Zimbabwe, particularly in the urban centers are characterized with potholes which has seen several vehicles getting damaged.

Softening insurance market sink FBC Holdings Insurance business in H1 2017

Insurance24 reporter

HARARE, FBC Insurance units recorded a 10% decline in premium revenues and a 16% decrease in net earned insurance premium during the six months period ended 30 June 2016 largely due to low economic activity and the shift in demand for some traditional insurance products.

Chief executive officer John Mushayavanhu