Life Assurers grow in half year despite challenging environment
HARARE, The Life Assurance sector showed sign of growth in premium income and asset base for the half year ended 30 June 2018, despite the challenging economic environment.
Latest IPEC report shows that Gross premium written (GPW) increased to $200 million, representing a 16% increase from $173.1 million reported in the comparative period
Zimnat launches online self-service portal
HARARE, Zimnat has as way of modernising the country’s insurance industry, established a self-service online portal that enables customers and potential customers to obtain quotations for short-term insurance policies and sign up for them as well as make claims.
Those wanting to obtain quotations for or purchase, for example, motor vehicle insurance, a
SHORT TERM (NON-LIFE) INSURANCE REPORT FOR THE QUARTER ENDED 30 JUNE 2018
Executive Summary
HARARE, Total Gross Premium Written (GPW) by non-life insurers amounted to $144.18 million for the half year ended 30 June 2018, reflecting a 15.44% increase from $124.90 million reported for the comparative period in 2017.
On the other hand, GPW reported by non-life reinsurers declined from $60.19 million for
Between a Rock and a Hard Place – Insurance in a New Dispensation
HARARE, Insurance companies in Zimbabwe are currently faced with two very unpalatable options.
The first option is to continue to accept insurance premiums without adjusting for inflation, but this would leave their insured customers facing a significant shortfall between their insurance payouts and the replacement costs of insured
Economic situation threaten IIZ college construction project
HARAR, Economic instability is threatening the completion of insurance college being constructed by the Insurance Institute of Zimbabwe (IIZ) within the stipulated timelines, Insurance24 has learnt.
Completion of the college had been earmarked for end of 2019 with in excess of US$500 million having been set aside for the project.
Cloud-based policy administration
HARARE, The imminent arrival of two Microsoft data centres in South Africa has put renewed focus on the importance of the cloud. But how can insurers benefit from this environment and embrace the opportunities it unlocks? Claudette Steynberg, product manager at SilverBridge takes a closer look.
“Digital transformation has become a key talking point in boardrooms
Tele- Marketing in Zimbabwe an Insurance viewpoint: Striking a balance.
By Hillary Mtandwa
A common misconception around tele-marketing is that it is there to replace the traditional way of selling insurance which is through brokers and agents. This misconception is far from the truth, on actual the two approaches to selling complement each other. It is the job of the astute marketer to ensure that
Cassava Smartech unveils education insurance cover
HARARE, IN another first, Cassava Smartech has launched an education insurance cover product called ‘Enda Education Cover’.
The product,’ which is underwritten by Econet Life, Cassava Smartech’s Insurtech arm, offers a school fees benefit for primary and secondary education in the event of the death of the parent or legal guardian of the
Government redirect 5% of Third Party Insurance Cover to an Accident Compensation Fund
HARARE, Government will effective December 01, 2018 redirect 5% of the third part insurance cover to an accident compensation fund whose modalities are yet to be announced.
This has been driven by the increase in the number of accidents on the country’s roads, which have resulted in serious injury and,
Subscribing to lower rates with autonomous vehicles – the future of car insurance
HARARE, Up until the first four-wheeled petrol-driven vehicle was introduced by Frederick Bremer in the late 1800s, travel within the UK had heavily depended on traditional methods, such as horse and carriage. But this was all turned upside-down just before the turn of the century – bringing with it the first auto