Insu24 E-newsletter e-Newsletter_02 July 2021
Author: Insurance24
30Jun
FMHL gross premium firm in five months
FMHL gross premium firm in five months
Staff Reporter
First Mutual Holdings Limited (FMHL) Gross Premium Written (GPW) rose 494% to ZWL$3.92 billion during the five months to May 2021.
Douglas Hoto, the group chief executive, in a trading update said an estimated 40% of the revenue was US$ premium translated at the interbank rate.
In the Zimbabwe market, the forex premiums were US$9.2 million compared
29Jun
Are REITs the Solution to Direct Property Holding Challenges for Pension Funds?
Are REITs the Solution to Direct Property Holding Challenges for Pension Funds?
After years of relentless advocacy by the investment management community for the enactment of required legislation, finally there is now in place the regulatory framework that governs the creation of REITs.
Modeled along fund structures, REITs (Real Estate Investment Trusts) are a special type of professionally managed
29Jun
Old Mutual seek to unbundle portion of Nedbank stake
Old Mutual seek to unbundle portion of Nedbank stake
Staff Reporter
OLD Mutual Limited has said it will unbundle a portion of its stake in Nedbank subject to relevant approvals.
According to a circular to shareholders, Old Mutual will unbundle all the Nedbank ordinary shares currently held by Old Mutual Emerging Markets Limited being 62,131,692 Nedbank ordinary shares and comprising 12,2 percent of
29Jun
NicozDiamond GPW in massive growth
NicozDiamond GPW in massive growth
Staff Reporter
HARARE, Short term insurer, NicozDiamond says gross premium written (GPW) in 2020 grew by 669 percent to $2,07 billion driven by new business and revaluation of insurance portfolios in response to inflationary pressure, resulting in net earned premium growth of 680 percent.
Chairman Elisha Moyo said the group had an investment profit of $13,3 million
29Jun
Considerations when choosing a life policy nominated beneficiary
Considerations when choosing a life policy nominated beneficiary
By Farai Francis Zhara
Choosing a life policy nominated beneficiary is a field many people are tempted to overlook when filling the proposal form but this is an important decision. You buy insurance because you have a reason for the payout, maybe to provide funds for your family to pay bills or to pay for children’s school fees and
29Jun
Insurance24 newsletter
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23Jun
Dear: Valued ZAPF Member, CALL FOR ARTICLES AND ADVERTS
Dear: Valued ZAPF Member,
The Zimbabwe Association of Pension Funds (ZAPF) in partnership with Insurance24 will on the 16th of July 2021 publish the 6th ZAPF Quarterly Pension Magazine.
The magazine will offer latest news on pensions, investments, law and regulation, informed comment and analysis and special features.
It will be distributed by ZAPF via its mailing list to ZAPF members and non-members
22Jun
Life assurance underwriting profit declines in Q1, 2021
Life assurance underwriting profit declines in Q1, 2021
Staff Writer
INCREASE in claims and transfer to technical reserves caused underwriting profit for the life assurance sector to decrease to ZW$741, 27 million from ZW$104, 76 million the quarter ended 31 March 2020 to negative ZW$741,27 million.
During the period Gross Premium Written (GPW) by direct life assurance companies stood at ZW$3.42 billion,
21Jun
ICSAZ president urges members to contribute to NDS1
ICSAZ president urges members to contribute to NDS1
Staff Reporter
HARARE, FORMER chief executive of the Grain Marketing Board Pension Fund, Taona Munzvandi, who is managing director of Daxilon Security, has been re-elected president of the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ).
Munzvandi in his acceptance speech said the country’s economic situation was showing