ZIMRE Holdings Q1 2017 profit up 48% despite declining revenues
HARARE, Zimre Holdings Limited recorded a 48% increase in profitability in the first quarter of 2017 to $1.35mln compared to $0.92mln in 2016 despite revenue declining 13% to $6.52mln.
Group chief executive officer Stan Kudenga told a shareholders meeting that profitability was driven mainly on the continued recovery at Baobab Re, focus
Senate GOP Obamacare replacement would lead to 22 million more uninsured in 2026, CBO estimates
Source: CNBC
The Senate’s Obamacare replacement bill would lead to 22 million more Americans uninsured in 2026, while average premiums are expected to fall after climbing at first, according to a Monday report from the nonpartisan Congressional Budget Office.
The CBO’s estimate of
Leaving the EU without a deal not acceptable, warns ABI
Source: Insuranceage
Trade association says that if no Brexit deal is in place insurers may not be able to continue to meet the needs of millions customers and remain legally compliant.
The Association of British Insurers (ABI) has warned that leaving the EU with no deal in place is “not acceptable if insurers are to continue to meet the needs
ICZ new head office in Harare commissioned, as Finance Minister urges more investment into infrastructure projects
HARARE, Finance Minister Patrick Chinamasa says the insurance industry must use its tactical position in the economy to mobilize resources for strategic public and private infrastructure development.
He was speaking at the commissioning of the Insurance Council of Zimbabwe (ICZ) new head
Air Zimbabwe seeks provision of insurance cover for assets
Fidelity Life total cumulative income below budget in five months, eyes recovery in H2
HARARE, Fidelity Life Assurance of Zimbabwe says despite missing budgeted income during the first five months of the year, the company remains profitable and sees recovery during the second half on anticipated increased insurance uptake in 2017.
The company held its 38th annual general meeting this afternoon where
Electronic insurance cover reduces fraud next to Zero: Zinara
Harare – The Zimbabwe National Road Administration (Zinara) says it has managed to reduce insurance fraud next to Zero since introduction of electronic insurance cover on which firms are linked to Zinara and the Central Vehicle Registry.
The electronic insurance cover enables firms to link to Zinara and the Central Vehicle Registry
ZIMNAT in slow start in 2017
HARARE, Zimbabwe’s insurance group, Zimnat is among the Sanlam’s’ group operations in Africa who had slow starts to the year hence failing to make contribution towards growth during the four months to April 2017.
Sanlam, a South African financial and insurance group acquired a 40% shareholding in Zimnat in a deal worth $11,5 million. The balance of shareholding
Insurance sector key to driving economic transformation: World Bank
HARARE, The World Bank (WB) says Zimbabwe’s insurance industry remains a key sector that has potential for growth, contributing towards the transformation of the country’s economy.
WB Zimbabwe senior economist Johannes Herderschee told Insurance24 at the side-lines of the WB Zimbabwe Economic Update (ZEU) launch that the growth
Drought insurance ‘an experiment that failed’ in Malawi – report
By Adela Suliman (Reuters)
LONDON, May 24 (Thomson Reuters Foundation) – Taking out insurance to protect against climate risks is the “wrong model” for improving countries’ ability to cope and may even be worsening inequality and vulnerability, a leading development charity said on Wednesday.
A policy