FBC Insurance seeks technology driven growth as it partners SSP Insurance
Insurance24 Reporter
HARARE, FBC Insurance in its quest for growth and lowering costs has partnered SSP Pure Insurance, a global provider of technology systems and solutions across the entire insurance industry.
According to the company’s website, SSP is a global provider of technology systems and solutions across the entire
Extreme weather casts cloud over insurers’ results
***Weather-related losses are hurting insurers’ bottom lines.
During the first half of 2017 alone, US insurers paid out $15.5 billion to cover the claims that resulted from severe weather. That makes the period the second-costliest half-year on record.
Those payouts are hitting insurers in the wallet. On Thursday, The Travelers Companies reported
The ZSE Monitor: FML among top movers, as Nicoz trade flat
HARARE, First Mutual Holdings Limited is among today’s top movers on the Zimbabwe Stock Exchange (ZSE) after adding $0.0020 to trade at $0.1140. Among the insurance companies, Nicoz Diamond also traded flat on $0.03 cents with 25 000 shares changing hands in a Monday session where no counter traded in the negative.
Old Mutual, Fidelity and
African Trade Insurance (ATI) membership changing Zimbabwe’s risk profile: BIMHA
Insurance24 Reporter
Harare, Industry Minister Mike Bimha says Zimbabwe’s membership to the continental insurance agency; African Trade Insurance (ATI) is slowly changing the country’s investment and trade risk profile.
The ATI is Africa’s export credit agency which provides political risk and trade credit
Bulk funeral companies defiant on minimum capital requirements
Insurance24 Reporter
HARARE, Only three funeral assurers Doves, First Funeral and Moonlight funeral companies were compliant with the $2.5 million minimum capital requirement as at March 2017.
Currently there are 9 funeral assurers with a total capital position of $38 530 000 as at March 2017, which is an improved position from $38 316
About 70% of ZSE stocks funded by insurance companies and pension funds: IPEC
Insurance24 Reporter
HARARE, The Insurance and Pension Commission (IPEC) says almost 70% of Zimbabwe Stock Exchange (ZSE) stocks is funded by insurance companies and pension funds as institutional investors and these are probably the strongest local investors.
Commissioner of Insurance, Pension and Provident Funds Tendai
Insurance and pension industry asset base at $4.4 billion as at March 2017: Chinamasa
Insurance24 reporter
Harare-The asset base for the insurance and pension industry totaled $4.4 billion as at 31 March 2017 with pension funds accounting for $2.28 bln of the total.
According to Finance Minister Patrick Chinamasa’s Annual Budget Review presented this afternoon, Non-life insurers asset base amounts
The ZSE Monitor: Insurance companies miss out on ZSE recovery
Harare, As the industrial index resumed the upward trend in mid-week trading session, only two insurance companies were active though with little contribution to the positive trajectory.
First Mutual Holdings traded flat at 11cents with a total 106 258 shares changing hands at a value of $11 688.33. On other hand, giant Old Mutual Plc was
Zimbabwe’s life insurance market projected double digit growth in next five years
Insurance24 reporter
HARARE, Growth of the Zimbabwean life insurance market is expected in double-digit figures over the next five years from 2017 with low inflation supporting real term increases although this will be from a low base and is vulnerable to economic shocks.
According to a summary Zimbabwe Insurance Report
The ZSE Monitor: Little appetite for insurance companies in Tuesday’s session
HARARE, There was little appetite for Insurance companies in Tuesday’s trading as witnessed by a small trade in Old Mutual Limited shares albeit on flat rate of $3.93.
All the other insurance companies muted on their previous closing prices did not trade in a session which also saw the Industrial Index retreating 0.33%