Nicoz Diamond consolidates following FML takeover
By Insurance24
HARARE- Short term insurers Nicoz Diamond and Tristar today published a notice of the proposed transfer of Tristar Insurance to Nicoz Diamond in line with the FML takeover plans.
In 2017, FML Holdings, one of the largest insurance groups in Zimbabwe, acquired a controlling stake in Nicoz Diamond which by then was a standalone entity offering
Old Mutual opens one-stop-shop in Mutare – Press release
By Insurance24
HARARE, Old Mutual, one of Zimbabwe’s largest integrated financial services companies has opened a new one-stop-shop branch offering their mainfinancial and banking services under their Greenzone branded shop concept as well as the refurbished CABS Branch.
Commenting on the opening of the new branch, Jonas Mushosho, Old Mutual
Zimnat launches innovative billboard campaign – Press release
By Insurance24
HARARE, Zimnat has launched an innovative advertising campaign to let people know some of the ways in which it can make their life better, through the customer friendly insurance and finance services it offers.
The campaign, which has also been promoted through television, print media has now added billboards. The emphasis
FMHL to consolidate risk business…moves to re-locate reinsurance business to Botswana.
By Insurance24
First Mutual Holdings Limited says it will looking at consolidating its risk business by romping in cotton famers after tobacco farmers brought in an excess of US$1 million in the interim period.
Gross premiums written in the 6 months to June 30 2018 increased 15% to US$8,3 million from US$ 7,2
The Group, which in 2018 celebrates 100 years since it was established in 1918 and 20 years since it was listed on the Johannesburg and Namibian Stock Exchanges, attributed the performance to its well-diversified profile across geographies, market segments and client offerings.
Investment market volatility, a stronger average Rand exchange rate and weak South African and Namibian economies, however,
Compiled by Insurance24
HARARE, Working for oil and gas producer Noble Energy, with operations in a number of volatile, possibly hostile regions, Dave Gresko oversees a pretty unique risk strategy. Aside from location, the industry itself has inherent risk, and exploration brings with it the potential for a major catastrophe, he says.
“As an oil and gas company, we have operations in West Africa,
Pension’s regulator proposes maximum limit on expense ratios…Opens up industry to competition
By Insurance24
HARARE, The Insurance and Pensions Commission is proposing setting maximum expense ratios, which the industry should comply with, in bid to cap costs of running pension funds.
The expense caps are being proposed at maximum of 5% expense to contribution ratio, Maximum of 1% expense
Funeral Assurers seek to unite and advance sector interests at 4th conference
Dorcas Chigodho
Staff Reporter
HARARE, AT least 200 delegates are expected at the 4th conference of the Zimbabwe Association of Funeral Assurers (Zafa) to be held in Bulawayo next week as it seeks to unite and advance the interests of the funeral sector in Zimbabwe and abroad.
To date the association says it has received confirmations
IPEC proposes three tier pension system
Owen Kurewa
HARARE, In view of challenges facing Zimbabwe’s pension industry, the Insurance and Pensions Commission has taken an initiative to propose holistic reforms for the country’s pension sector in order to come up with an efficient pension system.
Three Tier Pension System
The regulator is proposing that Zimbabwe adopts an integrated three tier
Texas Mutual explains open strategy on fraud busting
Compiled by Insurance24
HARARE, Texas Mutual Insurance Company is well and truly clamping down on insurance fraud. In 2017, the insurer’s internal fraud department identified more than $6 million in workers’ compensation fraud and made a number of convictions.
The fraud busters have remained hard at work through the first half of