The insurance industry’s economic role — and untapped potential
The world economy has become less resilient, but the insurance industry is keeping pace with changes in the risk landscape. Nevertheless, the newly developed SRI Insurance Resilience Indices, based on measures of protection needed relative to that available, show a huge opportunity for the insurance sector to close a combined
Prove your worthy to breach the gender gap- Chinyuku
Moonlight director Masunda has died
Staff writer
Moonlight Group Assurance Director, Tichanzwana Masunda, has died.
While details around his death are still not clear, Moonlight announced his death.
“We are deeply saddened by the untimely death of Moonlight Assurance Director, Mr. T. Masunda. We extend our utmost condolences to the family, friends, and co-workers. May his soul rest in peace,” read
Next in insurance: Strategic industry trends in 2024
Hard realities highlight the need for insurers to reinvent themselves
The insurance industry is under pressure. Social, technological, environmental, economic and political risks that seemed abstract or improbable just 20 years ago have become increasingly severe and acute and are affecting the very nature of the business. What’s more, established
First Mutual Holdings disputes auditors forensic report
Staff writer
FIRST Mutual Holdings Limited (FMHL) says it is not in agreement with the findings in the BDO Chartered Accountants report and in the regulator’s Corrective Order and thus has instituted legal proceedings to protect its legal rights.
The Insurance and Pensions Commission (Ipec) last month issued an FML with an order for corrective
Risk anti-selection: A potential threat to reinsurance
FOR years, the insurance industry has faced various headwinds, most of them linked to economic performance given that the two are intertwined.
However, some of the challenges have been sector-specific, for example, the externalization of risk, which has turned out to be a continental challenge.As an establishment meant to minimize the adverse
ZHL records block trading in Wednesday’s trading session
Staff Writer
Zimre Holdings Limited (ZHL) led the activity on the Zimbabwe Stock Exchange (ZSE) yesterday, with 25.51 million shares traded for $3.91 billion.
This comes as the Mutapa sovereign wealth fund has been given permission by the competition authorities to acquire businessman Hamish Rudland’s majority share in ZimRe.
Mutapa acquired
Insurance companies directed to make timely claims settlements
Staff Writer
The Insurance and Pensions Commission (Ipec) has directed all insurance companies to timely settle claims after an increasing number of policyholders sought the Commissioners intervention due to protracted claims settlement.
Ipec, in a circular, said the situation necessitates urgent attention and action from all insurers.
“In
IPEC flags insufficient disclosures in 2009 compensation actuarial reports
Staff Writer
The Insurance and Pensions Commission (Ipec) says it has noted inadequate disclosures in actuarial reports submitted as part of the 2009 compensation schemes.
Ipec, in a circular seen by Inusrance24, said the inadequate disclosures are inhibiting the Commission from making an informed decision on the compensation
Call for contribution in the Q1 2024 magazine
Dear Subscriber
Insurance24 will on 28 MARCH 2024 publish the First Quarter 2024 (Q1 2024) Insurance and Pensions E-Magazine under the theme “Innovation, stronger client relationships in insurance and pensions”.
The magazine will offer an outlook for the insurance and pensions through latest industry news, analysis and special features.
The magazine