Hope for pensioners and as inquiry report is tabled before Cabinet
Insurance24
HARARE, Ministry of Finance and Economic Development will soon table before Cabinet a report that was prepared in a bid to compensate pensioners whose pensions were eroded during the conversion from Zim dollar to US dollars.
In 2015 government set up a commission of inquiry to probe the conversion process used to convert
Market weakness persist in mid week trading, Only Old Mutual trade for insurers
Insurance24: Insurance Monitor
HARARE, The market weakness persisted in mid-week trading led by a 10.0% drop in Old Mutual despite a decent traded volume of 50,669 shares. On this day, all other insurance companies Fidelity, First Mutual Holdings Limited, Nicozdiamond and ZHL did not trade.
The market is still pessimistic
Insurance: lessons to learn from banking
Insurance24
HARARE, The insurance industry can learn lessons from the successes and failures of the banking sector and the challenges it has faced with the rise of technology, an expert has said.
Banking has encountered much of the disruption that is currently at play in the insurance industry with many new competitors rising in different areas of the industry
NMB Bancassurance unit registers strong growth since inception: CEO
Insurance24
HARARE, NMB Bank,s Bancassurance unit launched in 2013, has according to Chief Executive Officer Ben Washaya seen strong growth over the years also buoyed by a suite of life assurance products introduced in 2017.
The bank launched a Bancassurance unit in 2013, predominantly selling short term insurance products underwritten
Activity improves on ZSE in Tuesday’s session, as only Old Mutual trade for Insurers
Insurance24
Harare, Activity on the Zimbabwe Stock Exchange (ZSE) improved in Tuesday’s session on the back of decent buying in the blue chip category.
Turnover increased to close at $2.9mln from $1.7mln in the previous session. Decent trade values were posted in Delta, Econet and Seedco.
The All Share Index advanced
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2018 could be ‘most dangerous’ year ever – WEF report
Insurance24
An evolving web of complex global risks is pushing humanity towards the brink – and it’s up to insurers and other socio-political leaders to ensure the consequences of these risks don’t reach catastrophic levels.
Risks are growing ever more interconnected and systemic in nature, which is causing concern for business, political
ZB suspends plans for offshore insurance unit in anticipation of improved nostro and foreign currency situation.
Insurance24 Reporter
HARARE, ZB Financial Holdings says has in the meantime put on hold plans to set up offshore insurance services in order to monitor how the new country administration will address nostro and foreign currency issues.
Chief executive officer Roy Mutandagayi told Insurance24
Old Mutual saves day for insurers as ZSE close in the red
Insurance24
Harare, The Zimbabwe Stock Exchange (ZSE) closed in the red as sellers continued to dominate. In today’s session, foreign buys amounted to $705,675 while foreign sales were at $396,874. Turnover was decent at $2.1 mln with notable trades in Delta, Old Mutual and Seedco.
The Industrial Index lost 4.16 points on the back of marked
ZHL and Old Mutual trade for insurers as turnover increases to $2.4 mln
Insurance24
Trading on the Zimbabwe Stock Exchange (ZSE) improved as investors continued to lock funds mostly in the blue chip category.