Masawara winds up on AIM market
Insurance24
HARARE, Masawara PLc last day of dealings in its Ordinary Shares on the London Stock Exchange (AIM) will be 6 February 2018 and this follows approval of all resolutions on the proposed de-listing at a GM meeting held last Friday as the investment group seeks to pursue private equity funds to grow its various businesses.
Masawara whose current investments
Domestic Credit Insurance can boost credit sales: ECGC
Insurance24
HARARE, Local manufacturing companies have potential to boost sales locally through the Domestic Credit Insurance offered by the Export Credit Guarantee Corporation (PVT) Ltd, (ECGC) which enables companies to sell on credit.
As a result of increased defaults, several companies adopted cash selling models, restricting credit facilities
Errant insurers reap off unsuspecting tobacco farmers
Insurance24
HARARE, Some Insurance companies are shortchanging tobacco farmers by entering into informal agreements with sales floor workers to sign them up without their consent, Insurance 24 has learnt.
A survey done by insurance 24 shows that over the years a number of tobacco farmers have been paying for insurance services which they did not
Hope for pensioners as inquiry report is tabled before Cabinet
Insurance24
HARARE, Ministry of Finance and Economic Development will soon table before Cabinet a report that was prepared in a bid to compensate pensioners whose pensions were eroded during the conversion from Zim dollar to US dollars.
In 2015 government set up a commission of inquiry to probe the conversion process used to convert pensions
Activity improves on ZSE, as Old Mutual goes it alone for insurers
Insurance24
HARARE, Market activity was decent with turnover closing at USD 1.6m. Trades of note were posted in Delta, Econet, PPC, OM and Seedco. The market recovered marginally with the All Share Index closing the day 0.28 points firmer.
The Industrial Index was up 0.94 points while the Mining Index closed flat with no activity in
Mbada Diamonds Pension Fund goes into liquidation
Insurance24
HARARE, Insurance regulator, the Insurance and Pensions Commission (IPEC) has approved the liquidation of Mbada Diamonds Pension Fund and David Mureriwa, an independent consulting actuary has been appointed the liquidator of the fund.
In 2015, government moved to consolidate the diamond mining industry and ceased operations for the other
Hope for pensioners and as inquiry report is tabled before Cabinet
Insurance24
HARARE, Ministry of Finance and Economic Development will soon table before Cabinet a report that was prepared in a bid to compensate pensioners whose pensions were eroded during the conversion from Zim dollar to US dollars.
In 2015 government set up a commission of inquiry to probe the conversion process used to convert
Market weakness persist in mid week trading, Only Old Mutual trade for insurers
Insurance24: Insurance Monitor
HARARE, The market weakness persisted in mid-week trading led by a 10.0% drop in Old Mutual despite a decent traded volume of 50,669 shares. On this day, all other insurance companies Fidelity, First Mutual Holdings Limited, Nicozdiamond and ZHL did not trade.
The market is still pessimistic
Insurance: lessons to learn from banking
Insurance24
HARARE, The insurance industry can learn lessons from the successes and failures of the banking sector and the challenges it has faced with the rise of technology, an expert has said.
Banking has encountered much of the disruption that is currently at play in the insurance industry with many new competitors rising in different areas of the industry
NMB Bancassurance unit registers strong growth since inception: CEO
Insurance24
HARARE, NMB Bank,s Bancassurance unit launched in 2013, has according to Chief Executive Officer Ben Washaya seen strong growth over the years also buoyed by a suite of life assurance products introduced in 2017.
The bank launched a Bancassurance unit in 2013, predominantly selling short term insurance products underwritten