Group restructuring lifts Zimre Holdings in first six months of 2017
Insurance24 Reporter
HARARE, Zimre Holdings Limited gross written premium for the six months ended 30 June 2017 at $15.79 mln was lower than $16.32 mln recorded in 2016 same period. Despite the decline GWP, the group achieved a 113% increase in profit for the period to $2.72 mln compared to $220 649 in 2016 largely as a result of
Reuben Java appointed Fidelity Life Group CEO, as profit jumps 100% in half year 2017
Insurance24 Reporter
HARARE, Fidelity Life Assurance Zimbabwe Limited net premiums for the interim six months ended 30 June 2017 declined 28% to $6.06 mln compared to $8.44 mln same period in 2016.
This was largely due to non- remittance of premiums by some policyholders and the discontinuance of some product lines
Medical aid societies call for inclusion on regulatory board
Insurance 24 Reporter.
Harare- Health Funders in Zimbabwe want Medical aid societies represented on the board of the proposed regulatory authority since the draft bill has since excluded them.
During the Bill’s consultative meeting held during the week by the Ministry of Health and Child Care, the Association of Healthcare Funders of Zimbabwe
(Wheels24) – So often vehicle insurance, life policies or even educational policies are taken out to secure our future. Yet, so many customers do not read the fine print. It is absolutely imperative that those long-paged documents are actually read and understood.
It’s a situation many of us are all too familiar with. You choose to upgrade your car and pass on your existing one to a child
FML targets becoming largest short term insurer by market share
Insurance24 Reporter
HARARE, First Mutual Holdings Limited (FML) will become the largest player by market share in the short term insurance industry through merging NicozDiamond and Tristarinsurance, chief executive Doug Hoto has said.
NicozDiamond is currently within the top three short term insurers, where Old Mutual dominates while
Indian insurance and finance expert to share fundamentals of micro insurance and micro pension
Insurance24 Reporter
Harare – Indian Insurance and Finance expert Ayandev Saha will next month headline the fundamentals of micro insurance and micro pension workshop that will be co-hosted by the Insurance and Pension Commission (Ipec) and the Insurance Institute of Zimbabwe.
The workshop schedule
Investment profit lifts First Mutual Holdings in six months to June 2017
Insurance24 Reporter
HARARE, First Mutual Holdings after tax profit for the six month period ended 30 June 2017 increased 63% to $4.3 mln compared to $2.6 mln same period in 2016 largely driven by increased investment income.
Group chief executive officer Doug Hoto told an analyst briefing that FML had an investment profit of
Sitting trustees who fail to attain the mandatory Certificate of Proficiency (C.O.P) face disqualification
HARARE, The Insurance and Pensions Commission (Ipec) through Statutory Instrument 80 of 2017 is mandated to oversee and control pension funds in order to avert poor corporate governance and malpractices in the sector.
Gazeting of the Pension and Provident Funds (Amendment) Regulation S.I 80/17
Grand Reinsurance and Botswana Insurance Company achieve increased profitability in H1 2017, as Zimnat decline
Insurance24 Reporter
ZHL / NSSA still engaged on NicozDiamond’s stake
Insurance24 Reporter
HARARE, Zimre Holdings Limited (ZHL) says negotiations over the disposal of certain assets, that include a 30.03% stake in short term insurer Nicoz Diamond are ongoing.
Information is that the National Social Security’s Authority (NSSA) is the prospective buyer of the ZHL shares in order to increase its majority stake to 80.92%