ZSE Insurance companies monitor
HARARE, The Zimbabwe Stock Exchange (ZSE) Monitor debuts as a daily tracker on the performance of insurance companies listed on the local bourse. It is a product that is relied upon by industry professionals, investors and many other stakeholders for its insight and market intelligence on Zimbabwe’s insurance markets.
Key trends are identified and analysed, the industry’s
NSSA exits insurance’ and other investee companies
HARARE, The National Social Security Authority (NSSA) Board Chair Robin Vela will step down from the board of directors of all its investee companies that include several insurance companies as part of removing perception that some of NSSA’s investee companies were not treated fairly and equitably.
NSSA has interest in companies that include FBC
Theresa May to spend aid money on insurance against disasters in Africa
Theresa May is planning to spend tens of millions of pounds of aid funding on buying premiums with British insurance companies to help cover the costs of natural disasters in African countries, such as severe drought.
The prime minister believes that buying up private insurance policies in the UK, in a break from more traditional
Eagle insurance to re-brand to FBC Insurance Company
HARARE, Eagle Insurance, a unit of financial services group FBC Holdings will be re-branded to FBC Insurance Company to reflect the Group’s flagship,a company official has said.
Several insurance companies have in the recent past mooted re-branding some their subsidiaries to identify with holding companies.
In particular, Zimre Holdings is in the
Investors rate regulators in perception survey, Ipec found to have no overall effect
HARARE, The Insurance and pension Commission (IPEC) is among a few regulatory institutions in Zimbabwe found to have no overall effect on business operations by investors, an Investor Perception Survey (IPS) report shows.
The IPS report for 2016 was commissioned by Government through the National Economic Consultative
Risk profile based premium contributions will sink more banks: DPC
HARARE, Zimbabwe bank depositors’ insurer, the Deposit Protection Corporation (DPC) says while the risk based premium contribution is fair, if implemented under the current economic environment more banks will go under.
At the moment contribution to the Depositors Protection Fund by deposit taking financial institution is at a
IPEC warns on deceiving unsuspecting potential insurance consumers
HARARE, The Insurance and Pension Commission say it frowns upon insurance companies or insurance agents/brokers who deceive unsuspecting potential insurance consumers all in the name of making money at the expense of policyholders.
Ipec Commissioner Tendai Karonga said it is important that insurance companies uphold the highest standards
Aviation insurance sector analysis: Allianz exec
The aviation insurance industry, like other sectors, is facing a number of challenges – but some of those could be become positives for the right markets.
Mike Hansen, who was recently promoted from heading North American aviation to the global head of aviation for Allianz Global
Restructuring, improved collections and premiums lifts NSSA in 2016
HARARE, The National Social Security Authority’s (NSSA) contributions and premiums income increased 12% to $327,7mln in 2016 compared to $292,9mln in 2015 largely driven by improved collections and a marginal increase in premiums.
During the year, contributions alone were14% up at $276.5mln from $242,8mln in prior year while premiums
About 77% of Zimbabwe’s adult population uninsured, as hyperinflation period still haunts them
HARARE, At least 77% of Zimbabwe’s adult population do not have any form of insurance cover with majority still stuck in the aftermath of the hyper-inflationary period where they lost value in their savings and cover.
This has culminated into the current state of the low insurance penetration ratio which