Broker’s premium income in massive growth
Staff Reporter
HARARE, Premium income for the quarter ended September 30, 2020 for the insurance brokers increased by 785% in nominal terms to $2,4 billion from $268.68 million recorded during the comparative period driven by gradual premium increases in line with inflationary trends.
Net
“It’s really scary. You don’t know what you’re going to face everyday,” Lizzy tells Newsbeat.
She’s a student nurse and is on placement at the moment. Like many others working in a hospital right now, she’s finding it tough.
But the difference for Lizzy and other student nurses and midwives is they’ve not been getting paid.
This means they don’t
Tens of thousands of small businesses will receive insurance payouts covering losses from the first national lockdown, following a court ruling.
The Supreme Court found largely in favour of small firms receiving payments from business interruption insurance policies.
For some businesses it could provide a lifeline, allowing them to trade beyond the coronavirus crisis.
The ruling could cost the insurance
NSSA refocuses investment strategy
Staff Writer
HARARE, The National Social Security Authority (NSSA) says it is currently implementing a refocus strategy that involves divesture, consolidation, and optimisation of its investments to unlock value for the benefit of its members who include pensioners and contributors.
Arthur Manase, NSSA’s General Manager, in a statement said the authority will
IPEC applauds funeral assurance sector for dignified send-offs
Staff Writer
HARARE, INSURANCE industry regulator, IPEC has applauded the funeral assurance sector for the role they are playing in giving dignified send-offs loved ones even under difficult circumstances brought about by the Covid 19 pandemic.
Grace Muradzikwa, the Commissioner Insurance, Pension & Provident Funds, said the Commission,
FHML lifts ZSE turnover
HARARE, Insurer, First Mutual Holdings was among Wednesday’s top performers on the Zimbabwe Stock Exchange (ZSE), after trading $35,9 million worth of shares. This saw turnover for the day reaching
$88,7 million from 8,1 million shares, supported also by a good trade values in Delta which traded $24,6 million. The All Share Index was down 0,88 percent to close at 2,451,05
ZSE firmer today
HARARE, The ZSE traded firmer today with most indices reducing the losses from previous sessions. The Mining Index gained 19.30 points, the Top Ten Index added 2.47 points and the benchmark All Share Index was up by 15.49 points. First Mutual Properties and Getbucks were the biggest gainers adding 20% whilst Dawn Properties was the biggest loser after easing 11.53%. The market breadth
How are insurance regulators in sub-Saharan Africa being affected by, and responding to, COVID-19?
HARARE, The COVID-19 pandemic and the measures governments have imposed to curb its spread continues to have far-reaching consequences for insurance industries across sub-Saharan Africa (SSA). In the midst of increasing uncertainty, insurance regulators have had to explore a range of options to ensure
The Ultimate Guide to Life Insurance
The topic of life insurance can be somewhat confusing and downright scary to think about.There comes a point in everyone’s life where we have to remember that we aren’t going to be around forever. We’re hoping someone will discover the fountain of youth in the next few years, but for now, you probably have lots of questions about how to support your loved
Life Reassures GPW respond to premium increases
Staff Writer
HARARE, The volume of life reassurance business written, in terms of Gross Premium Written (GPW), increased by 528,70% from ZWL$12.54 million reported for the nine months-ended 30 September 2019 to ZWL$78.84 million as at September 30, 2020.
Ipec, in its 9 months report on Life Reassurers, said the growth in GPW was attributable to an increase