Life assurance underwriting profit declines in Q1, 2021

Staff Writer

INCREASE in claims and transfer to technical reserves caused underwriting profit for the life assurance sector to decrease to ZW$741, 27 million from ZW$104, 76 million the quarter ended 31 March 2020 to negative ZW$741,27 million.

During the period Gross Premium Written (GPW) by direct life assurance companies stood at ZW$3.42 billion,