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
FBC Holdings insurance units marginally below budget in five months to May 2017
HARARE, FBC Holdings insurance subsidiaries were marginally below budget as at May 2017 although ahead of last year. The Group’s insurance units are FBC Reinsurance Limited and Eagle Insurance Company Limited.
Group chief executive officer John Mushayavanhu in a trading update for the five months to May at the company’s
Depositors’ insurer, the Deposit Protection Corporation partners Zimpost
HARARE – The Deposit Protection Corporation (DPC) has partnered postal and courier services provider Zimpost in an effort to enhance service delivery and provide convenience to its clients.
The Deposit Protection Corporation is an independent statutory body established by the government of Zimbabwe in terms of the Deposit
International speakers headline the Zimbabwe Association of Funeral Assurers (ZAFA)
Harare – Several international speakers headline this year’s Zimbabwe Association of Funeral Assurers (ZAFA) conference which will be held from 31 July to 01 August 2017 in Bulawayo.
Notably among them are Teresa Saavedra who is FIAT IFTA President from Bolivia, Alex Granger from South Africa and Emerson De Luca
Compliance Society of Zimbabwe officially launches, as IPEC urges corporate compliance
HARARE, The Compliance Society of Zimbabwe (CoSoZ) an umbrella body for Compliance Professionals across all economic sectors in Zimbabwe was launched yesterday and seeks to ensure that corporate compliance is a continuous process.
TENDAI KARONGA, the Insurance and Pension Commission (IPEC), Commissioner of Insurance,
Insurance broker gets long custodial sentence after fraud
Source: Insurance Business
A Colorado insurance broker was sentenced to 12 years in state prison on Monday after he pleaded guilty to several counts of forgery, insurance fraud, and theft.
James Ahlin of Grand Junction pocketed some $130,000 in workers’ compensation premiums that he wrote while his license was revoked, The Daily Sentinel
Baobab Re granted Composite operating licence
HARARE, The Insurance and Pensions Commissions (IPEC) have granted Baobab Re a composite operating licence which will allow parent company Zimre Holdings to amalgamate its Short term reinsurance and Life and Health Reassurance units.
Currently there are two IPEC registered Composite Reinsures which are First Mutual Reinsurance Company and Grand Reinsurance
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