Compiled by Insurance24
HARARE, Insurers must adapt to the new digital environment and provide customers with the same degree of customisation they receive in other industries. This requires the traditional insurance model to make way for strategies that incorporate a lifestyle-centric approach, says Stuart Blyth, director at SilverBridge.
With pressure coming from more agile insurtechs, insurers
Restructuring and cost realignment pays off for ZHL in 2017
Insurance24
Harare, In 2016, Zimre Holdings embarked upon a restructuring exercise and adopted various cost re-alignment initiatives, resultantly that mirrors Group a strong performance achieved for the year ended 31 December 2017.
As part of the restructuring, the Group realigned assets to focus of the reinsurance and property business and
Willis and Marsh brokers to launch M&A intermediary
Compiled by Insurance24
HARARE, Three London market M&A insurance brokers have resigned from their respective firms to establish a boutique brokerage specialising in transactional risk, this publication has learned.
Alan Hands, placement leader at Marsh’s UK transactional risk team, and two Willis Towers Watson brokers, Clemens Kueppers
Fidelity Life Assurance premiums dip as new business drives Vanguard Life Assurance
By Insurance24
HARARE, Fidelity Life Assurance of Zimbabwe group gross insurance premiums for 2017 at $14.24 mln were 7% lower than $15.38 mln in 2016 largely on shrinkage of the business by the anchor company.
Fidelity’s 2017 financial year was characterized by a restructuring exercise that was aimed at re-positioning
Insurance Bill still awaits promulgation into law….Insurer Old Mutual led risers on Thursday’s session
By Insurance24
HARARE, Insurance and Pensions Commission says the proposed Insurance Bill is still awaiting promulgation into law upon which the Commission will commence enforcing some of the new regulations.
The proposed Insurance Bill is set to harmonize the Insurance and Pensions Commission
Compiled by Insurance24
HARARE, A new report based on US Bureau of Labor statistics has found that most motor vehicle accidents involving company cars occur during the personal time of employee drivers.
Specifically, the report said that 60% of company car accidents happen during an employee’s personal time, while the remaining 40% of collisions were work-related.
CarData Consultants, a provider
Compiled by Insurance24
HARARE, The retreat of US leadership. Growing geopolitical competition between major powers. Decaying liberal democratic governance. The world order is turning on its side – and businesses have much to lose in the limbo.
Political violence risks are on the rise worldwide, according to Aon‘s 2018 Risk Maps for Political Risk, Terrorism, and Political Violence. One-fifth
ZSE closes week positive ahead of workers day holiday
By Insurance24
HARARE, The last trading day for April closed on the front foot with the All Share Index adding 1.45 points on the back of widespread gains across the bourse. Ahead of the Workers Day holiday tomorrow, Old Mutual was the only insurer to trade. The group picked up $0.0147 to settle at $5.7341. Other insurers were inactive.
The Industrial
By Insurance24
HARARE, Even though the market has become more competitive in Africa, many insurers still rely on traditional methods to reach customers. While other industries have been pro-active in their adoption of mobile technology due to its convenience and reach, insurance has generally been slower to adapt. Ashok Shah, Group CEO of APA Apollo, examines this.
“Mobile technology can have
Agriculture insurance slowly re-evolving…Insurers should do more on transparency
By Insurance24
HARARE, Agriculture is as risky as any business. The sector is prone to losses from natural disasters, thus as a result, farmers and insurance companies should co-exist in order to minimize the risk of losses.
In Zimbabwe, uptake of insurance services by farmer is generally low as farmers largely view