Predictive analytics vital for personalised insurance
By Insurance24
HARARE, Having access to sophisticated predictive analytics has become a business priority for insurers. Being able to factor in historical and real-time data to analyse patterns, determine risk, and identify trends is now fundamental to insurance success. Kelly Preston, data analytics manager at SilverBridge, discusses its importance
Pensions industry total income surges to $722m in2017
HARARE – The pensions industry’s total income for the year ended 31 December 2017 totalled $722.47 million; with contributions and fair values gains in equity amounting to $398.76 million and $139.08 million, respectively, a report released by the Insurance and Pensions Commission (Ipec) shows.
In its pensions report for the period under
EcoSure Moovah set to disrupt the short-term insurance industry for the good of motorists: Econet Cassava CEO
By Insurance24
HARARE, Econet through its recently licensed Econet Insurance (Private) Limited has unveiled a short-term motor vehicle insurance service EcoSure Moovah, which it said is set to disrupt the short-term insurance industry for the good of motorists through its attractive value
By Insurance24
HARARE, Private placement life insurance and annuity programs, commonly referred to as PPLI, have quickly become a favorite strategy among ultra-wealthy investors seeking greater tax efficiency within investment vehicles.
ZEP-RE underwrites $950 mln in premiums since inception…private sector shareholding grows to $225 mln
By Insurance24
HARARE, The COMESA reinsurance company, ZEP-RE (PTA Reinsurance Company) which commenced writing business in 1993 says has cumulatively to date underwritten over $950 million in premiums and paid out over $450 million in claims.
ZEP-RE was created by an agreement of Heads of State
Blockchain in insurance market expected to skyrocket
By Insurance24
HARARE, The global blockchain in insurance market is projected to grow from 2018’s US$64.5 million to US$1.393.8 million by 2023, a compound annual growth rate of 84.9%, according to a new study from ReportLinker.
A growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and a focus
How a possible IPO could impact the insurance industry
By Insurance24
HARARE, R3, a blockchain-software company that works with more than 200 heavyweights such as Intel Corp., Microsoft Corp., US Bancorp and Wells Fargo & Co., is considering going public, a decision that could have a diverse array of implications for insurance firms and other companies in the finance sector.
The company is speaking
By Insurance24
HARARE, Cryptocurrencies like bitcoin have become all the rage with people viewing them either as an investment opportunity or a bubble waiting to burst. However, the technology on which these are built, the blockchain, holds significant promise for insurance. Jonathan Jardim, senior software developer at SilverBridge Holdings, takes a closer look.
The blockchain is a digitised, decentralised,
Econet enters the Short term (non-life) insurance space…urged to play fair with competitors
By Insurance24
HARARE, As at 31 December 2017, there were 20 Short Term (Non-Life) companies registered by the regulator, the Insurance and Pensions Commission (Ipec). Business was dominated by companies who had strong capital positions. For instance, during 2017, Old Mutual Insurance Company, Nicoz Diamond
IPEC warns public on engaging unregistered individuals and organizations
By Insurance24
HARARE, Insurance and pensions regulator, The Insurance and Pensions Commission (Ipec) has warned the public against engaging individuals and organisations purporting to be insurance or pensions experts as most of these people are not qualified and registered as financial advisers.
In a statement Ipec said the