Insurer First Mutual Holdings exits RTG
Insurance24 Reporter
HARARE, First Mutual Holdings Limited has reached an agreement with the National Social Security Authority (NSSA for disposal of 19.957% shareholding in hotelier Rainbow Tourism Group (RTG) to NSSA.
NSSA is already a major shareholder in FMHL and the deal reached in August 2016.
“FMHL is advising its shareholders that an agreement has been
Can tech help insurance stop being a ‘grudge’ purchase?
Insurance24
Insurers are using new technology to move insurance from a “grudge” purchase – where customers only interact with the industry when something goes wrong – to a “nudge” purchase – the kind that encourages safer behavior.
Insurers are investing hundreds of millions of dollars in insurtech. The technology can help insurers
Central Bank issues RBZ 7% Savings Bond, individuals, insurers invited
Insurance24 reporter
HARARE, Zimbabwe’s Central Bank has issued a 7% RBZ Savings Bond which it earlier announced in the Mid-Term Monetary Policy Statement Review.
“The Reserve Bank of Zimbabwe hereby invites investors, individuals, companies, pension funds and provident funds, insurance companies, life mutuals, financial institutions
Doves Funeral’s exciting executive Lifestyle package.
Insurance24
HARARE, The Dove Lifestyle Package, comes in with holiday provision for the policy holder, top of the range caskets and executive vehicles to provide comfort at the time of bereavement. The product is an addition to the existing conventional funeral policies to cater for the high end market.
Apart from being the preferred funeral
Nyaradzo Funeral expands into South Africa
Insurance24 Reporter
Harare, Nyaradzo Funeral Assurance Company now has its presence in South Africa as part of an expansion drive into the region. The company obtained a service licence in South Africa in 2015 and has now moved to set up structures in that regard to oversee the service provision.
According to a source close to the developments, Nyaradzo’s
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