Sanctuary Insurance to activate “Average Condition” clause
Staff Writer
HARARE, Sanctuary Insurance Company says in an event of loss, in light of market changes, the company will activate the Average Condition” clause, where the sum insured does not match prevailing market value.
In this regard, the company is urging clients to consider constantly reviewing insured values to ensure one is
Insurance industry set to overcome recession – Swiss Re Institute
By Ryan Smith
HARARE, The insurance industry is poised to overcome the COVID-19-induced global recession, according to a report by Swiss Re Institute.
The recession – the sharpest economic contraction since the 1930s – will lead to a slump in demand for insurance this year, especially for life products, Swiss Re Institute predicted.