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
Toyota will be watching you drive – and may adjust your premiums accordingly
Compled by Insurance24
HARARE, Toyota Motor Corp. said it plans to save big fleet operators money by expanding its data analytics, telematics and network security platform into Europe.
The London-based unit is starting with US$6.3 million (£4.5 million) in seed money from Toyota and plans to hire as many as
Old Mutual completes feasibility for power projects….Market ends week on front foot
By Insurance24
HARARE, Old Mutual says is close to completing feasibility studies of its $12 million solar and mini-hydro power projects upon which construction works would commence.
Old Mutual Investment Group Managing Director Marjorie Mayida in an interview said the projects include two 50 megawatt solar projects
Transafrica expand product offering for Zimbabweans living and working in South Africa
By Insurance24
HARARE, South Africa’s funeral services company, TransAfrica is set to introduce an new life product, the Zimlife Plus beginning next month largely targeted for Zimbabweans living and working in that country.
The new product is largely an extension of a funeral cover product known as Zim Transafrica