How can the insurance industry prepare for Amazon’s arrival?
By now, you’ve more than likely heard the rumours that Amazon is looking to enter the insurance space. Late last year, the e-commerce giant was seen to be recruiting for London-based insurance professionals – cue much speculation over its plans.
It looks as though Amazon is wasting no time in 2018 either, with reports suggesting
Block trades in Delta, Old Mutual and Seedco drives activity as ZSE turnover spikes to $3 mln
Insurance24
HARARE, Activity on the Zimbabwe Stock Exchange (ZSE) on Tuesday improved strongly on the back of block trades in Delta, Old Mutual and SeedCo.
Turnover spiked to close at USD 3,924,929 with other notable trades being recorded in Econet and Hippo. The All Share Index recovered marginally, closing
Insurance companies stutter in Monday’s ZSE trading session
Insurance24
HARARE, The week opened with improved activity as turnover edged up to close at USD 1,082,998 compared to USD 400,000 in the previous session.
Trades in Delta, Hippo and Old Mutual carried the day as the rest of the bourse was dominated by very thin trades.
The All Share Index retreated 0.18 points on the back of weaknesses in
Masawara Plc to de-list from AIM
Insurance24 Reporter
HARARE, Masawara PLc is set to de-list from the AIM (London Stock Exchange) following a transaction in which principal shareholder Shingai Mutasa and others now control 90.4% of the Company’s issued share capital.
The transaction is that on 27 December 2017, Oxford Holdings Limited (“OHL“) acquired 50,760,456 ordinary
Zimbabwe’s insurance sector to grow on positive sentiment by new Government, Research.
Premiums projected a 4.8% year on year growth in next 5 years.
Insrance24 Reporter
HARARE, Zimbabwe’s insurance markets will depend heavily on the post-Mugabe regime making good on promises to open up the economy, re-engage meaningfully with creditors and crackdown on corruption but premium growth is expected
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Old Mutual offers Free Funeral Cover this Festive Season
Insurance24
HARARE, Old Mutual Zimbabwe is offering free Funeral cover this Festive Season in a promotion running until 31 January 2018 for which the Funeral Plan has immediate cover for accidental death and three month waiting period for natural deaths.
Terms of the plan are that individuals or Groups that take up the Old Mutual Funeral Plan
AfrAsia Bank Zimbabwe Limited in liquidation pays $2.95 mln to insured preferred creditors
Insurance24
HARARE, Defunct AfrAsia Bank Zimbabwe Limited has to date paid its preferred creditors $2.95 mln through two interim dividend payments and anticipate a third dividend payment during Q1 2018.
The Reserve Bank of Zimbabwe cancelled AfrAsia Bank Zimbabwe Limited (formerly Kingdom Bank)’s licence in
Sanlam posts solid performance in ten months to October 2017
The Sanlam Group announced a solid operational performance for the 10 months to 31 October2016, with total new business volumes of R195 billion, up 11 per cent on the first 10 months of the 2015 financial year.
Sanlam Personal Finance achieved 3 per cent growth in new business sales, with pressure on discretionary single premium savings
2018 Budget roundup: Chinamasa underscores political will for new economic order
Key highlights
HARARE- The 2018 national budget presented by Finance and Economic Planning Minister Patrick Chinamasa Thursday afternoon has underscored the importance of political will to ensure that the country’s economy moves