Nyaradzo dominates life assurance sector

Staff Writer

Nyaradzo Life Assurance Company continued to dominate the life sector in terms of insurance revenue with 40,1% of the market share, driven by funeral assurance business as the major source of revenue.

The Life company also had a market share of 33 percent of the total foreign currency denominated business written by the life assurance sector, thus indicating the dominance of funeral products

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Life assurers warned on high risk jurisdictions

Staff Writer

Insurance industry regulator, Ipec says life assurers should take appropriate measures to safeguard their products from possible abuse in high-risk jurisdictions where they are offering services.

In its life assurance report for the March 2024 quarter, Ipec said six life assurances indicated the existence of branches in areas considered to be domestic high-risk areas, such as artisanal

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