ZSE opened week lower, insurers Old Mutual and FMHL among today’s losers
By Insurance24
HARARE, The All Share Index retreated a marginal 0.21% to close at 1.5.05 on the back of losses in FMHL, Hippo and PPC. The week however opened with turnover decent at $1.5 mln with notable trades in Barclays, Econet, FMHL and OKZim.
Insurer, First Mutual Holdings closed 0.05 c lower at 14.95 while Old Mutual
Life Assurers profitability lowers in 2017 on increased claims…..Gross Premium up 6%… Old Mutual Life and Nyaradzo account for 72% of total net premium income
By Insurance24
HARARE, The life sector’s profitability in 2017 decreased 56% from $127.33 million in 2016 to $55.9 million by 31 December 2017 largely as a result of total costs which went up 42% from $219.38 million prior year 2016
Brace yourself for big insurance hikes says official
Compiled by Insurance24
HARARE, An insurance industry leader believes that Obamacare premiums will see “substantial” increases next year.
Blue Cross Blue Shield Association vice-president Kris Haltmeyer said that the premium increases are a result of the GOP’s tax bill last December, which repealed Obamacare’s individual mandate. He also