Insurance agencies aren’t doing enough to attract millennials
Compiled by Insurance24
HARARE, Work-life balance, opportunities for advancement, and a stable career path – who wouldn’t want to land a job with these qualities? And yet, millennials are still not entering the insurance industry in the numbers needed to replace a retiring workforce.
“It’s a great field, but I really don’t
Brainworks exits Get Sure Life Assurance in a $7 mln transaction
By Insurance24
HARARE, Brainworks capital management has entered into a share sale and purchase agreement with Nhaka Life Assurance Company Private Limited, in terms of which Brainworks will dispose 100% equity investment in
Get Sure Life Assurance private limited comprising 200 million ordinary shares to Nhaka for a total
Insurers must tighten up cyber exclusions: Horgan
Compiled by Insurance24
HARARE, The underwriting community needs to do more due diligence on policy wordings to make sure cyber exclusions in property and other lines of business will actually apply when an event occurs, according to Paul Horgan, head of North America commercial insurance at Zurich NA.
In an interview, the executive told The Insurance
Pension Funds should improve on disclosures to gain more trust: Govt
By Insurance24
Vic Falls..Government wants Pension funds to improve their disclosure of information to both trustees and members to reduce complaints against their activities.
Speaking at the 43 annual congress of the Zimbabwe Association of Pension Funds (ZAPF) Vic Falls, Minister, Local Government, Public Works and National Housing,
Boost sets reinsurance panel to cover InsurTech partners
Compiled by Insurance24
HARARE, Boost Insurance has set in place a reinsurance facility led by Nephila Capital and backed by Markel Digital and RenaissanceRe to support the InsurTech launch platform it has created, The Insurance Insider understands.
The arrangement secures a key element needed by New York-based Boost to begin helping InsurTech
Insurers share activity remain low…Ipec commissioner reportedly suspended
By Insurance24
HARARE, Insures listed on the Zimbabwe Stock Exchange (ZSE) continue to witness none or minimal activity on their shares except for Old Mutual which registers activity almost every trading day.
On Thursday, of all the insurance stocks, OM was the only one in activity. Others, ZHL, Fidelity, who released their
Three critical components of a cyber policy
Compiled by Insurance24
HARARE, Modern cyber policies provide coverage against a vast array of digital hazards. As hackers change tactics, insurance companies are forced to evolve in order to make sure insureds are protected against emerging risks.
Although cyber criminals seem to be one step ahead of the authorities, leading cyber insurance companies are
Zimpost targets insurance business growth as it unveils insurance products
By Insurance24
HARARE, Postal services giant, Zimpost is set to unveil insurance products under the banner Post Insurance as the company seeks to diversify its product portfolio and take advantage of the thriving insurance sector.
In an interview acting managing director, Sifundo Moyo confirmed the development saying that Post
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