Marsh Q1 growth slows as GC accelerates
Compiled by insurance24
HARARE, Marsh & McLennan Companies’ (MMC) primary broking business reported slowing underlying revenue growth in the first quarter within a set of group results which exceeded expectations.
The pace of underlying growth at Marsh declined to 2 percent for the first quarter, slowing from a growth rate of 5 percent in the same
Not a good outing for insurers on Thursday
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) was characterized by thin volumes as activity remained low. Old Mutual which was the only insurer to trade was flat at 571c ahead of its annual general meeting this afternoon.
Only 300 Old Mutual shares exchanged hands. Other insurers ZHL, FMHL, Fidelity and Nicozdiamond shares witnessed
Is Insurance industry doing enough to curb fraudulent claims? as Zimbabwe Insurance Crimes Bureau comes into effect.
By Insurance24
HARARE, Fraudulent insurance claims are not peculiar to Zimbabwe alone, but has become a Global phenomenon. But is the Insurance Industry doing enough to curtail this?. In Zimbabwe alone, fraud claims constitute estimated 30 to 40 percent of claims paid annually.
These
Insurers urged to take the lead as terrorism risks surge
Compiled by Insurance24
HARARE, The deadly van attack in Toronto on Tuesday (April 23) serves as a horrific reminder that “we live in uncertain times.” While the incident, which left 10 dead
Falling behind with cyber risk could be catastrophic
Compiled by Insurance24
HARARE, Dollars and cents. The more businesses read about cyberattacks burning deep financial holes into the pockets of innocents, the more attention they turn towards their cyber security and insurance needs.
Cyber criminals are almost always one step ahead of the game. While companies react and respond to current threats,
ZSE All Share Index firm after a day’s break
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) resumed on Thursday after a day’s break yesterday owing to an Independence day holiday. The All Share Index gained 1.48% to close at 94.61 on the back of gains in Delta, Econet and Padenga. The industrial index surged 1.49% to close at 316.85.
Market turnover was reasonable at $1.78
NSSA on-boards CSD as Business Partner….Insurer, First Mutual Dematerialization Ratio at 91%
By Insurance24
HARARE, The National Social Security Authority (NSSA) has became the first self-administered pension fund to be on-boarded as a Central Securities Depository (CSD) Business Partner.
The CSD Business Partner product is targeted at self-administered pension funds and other qualifying organizations
What to expect from a modern cyber policy
Compiled by Insurance24
HARARE, With hacking incidents continuing to occur with increased regularity, cyber is one of the hottest topics in the insurance industry. High profile breaches have helped boost an already burgeoning market space and insurers are scrambling to launch modern policies that have the potential to be scaled up.
As a result of the growth
ZSE firmer ahead of 38th Independence anniversary….Insurers inactive
By Insurance24
HARARE, Ahead of the 38th Zimbabwe’s independence anniversary tomorrow, the All Share index gained a further 2.81% to close at 93.23 buoyed by gains in three heavy weight counters Old Mutual, Delta and Econet.
As a result, turnover was at $1.81 mln as the market traded on a form note amid strong demand.
The market
Brokers say some Banc assures and agents shortchanging consumers on rights to choice
Nelson Gahadza
HARARE, The Insurance Brokers Association of Zimbabwe (IBAZ) says conditional selling of insurance being practiced by some banks goes against consumer rights to choice, as clients should be given an option to choose insurance brokers of their choice when they are being given loans.
IBAZ in a statement