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
First Mutual Holdings Limited eyes controlling stake in Nicoz Diamond Insurance
HARARE, First Mutual Holdings Limited is contemplating the acquisition of a controlling stake in a company in the insurance sector, according to a cautionary statement published this morning.
On other hand, Nicoz Diamond Insurance Limited also published a cautionary advising that its major shareholder the National Social
Insurers prepare for personal cyber insurance demand
Insurers are preparing for a surge in demand for cyber cover in personal lines as the awareness of the risk grows in the population and cybercrime cases jump.
While traditional crime has been falling steadily in the past 20 years in the UK, cybercrime cases have shot up in recent years, surpassing the total number of cases of traditional crimes,
Insurance penetration ratio targeted at 20% in the next two years
Harare – The Insurance and Pensions Commission (IPEC) is targeting to increase insurance penetration ratio to 20% in the next two years from the current 3, 6 % through micro insurance which is largely affordable to low income earners.
Launching the micro insurance regulatory framework, Ipec Commissioner Tendai Karonga said micro