Global Bancassurance: captive and joint venture models are thriving in spite of regulatory impact
By Insurance24
HARARE, New research about global bancassurance strategies published by Finaccord has found that the ownership or co-ownership model in bancassurance is thriving, so much so that the total value of premiums written by captive and joint venture underwriters belonging to
ZSE closes in red despite good trade values, but most insurers miss in action
Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) was solid with good trade values across the counters, as a result, turnover edged up to close at $4.5mln buoyed by block trades in BATZ, Econet, Hippo, OM and Seedco.
Econet was the largest trader of the with a total 2,302,249 shares exchanging hands. Econet’s
FMHL targets 81% shareholding in Nicozdiamond by year end.. to launch micro-insurance products
By Insurance24
HARARE, First Mutual Holdings Limited (FMHL) says is optimistic of having 81% controlling stake of short term insurer NicozDiamond.
Group chief executive officer Doug Hoto in an interview said the acquisition transaction is on course and going through a pace it should.
“Its currently underway,
Why cyber insurance is being forced to get innovative
Insurance24
HARARE, While the wide scale adoption of digital tools and services has helped businesses of all size up their value proposition, it has also increased their risk. Cyber criminals are using increasingly sophisticated methods to hack systems and steal data, and more companies than ever before are being targeted. As risks evolve, the
Deposit Insurance Payments reaches $3.2 mln as at December 2017: MPS
By Insurance24
HARARE, Deposit Insurance Payments for failed contributory banks stood at $3.2 mln as at December 2017, which represents 50% of the total exposure of $6.4 mln.
According to the Monetary Policy Statement by the Reserve Bank Governor John Mangudya, a total 11,744 out of 54,909 depositors by n umber had been compensated
Peace of mind for NSSA pensioners
By Insurance24
HARARE, The National Social Security Authority (NSSA)’s monthly contributions are pegged equally at 3.5% for employee and employer with the maximum pensionable income set at $700.
This according to NSSA implies that the maximum amount an individual can pay to NSSA is currently $24.50 per month.
“We appreciated the role employees and employers play
ZSE closes in red amid improved activity
Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) market continued to trade southwards on Tuesday amid improved activity. As a result, turnover was solid at $2.8mln on the back of block trades in Delta, OM and Seedco.
The All Share Index retreated 0.09 points on the back of a 0.32 points loss in the Industrial Index. The Mining Index closed flat with RioZim
Nyaradzo Funeral Assurance partners SilverBridge partners – Press Release
Insurance24
HARARE, The Nyaradzo Life Assurance Company has contracted SilverBridge to provide it with a cloud-based system for managing various product portfolios including life and pension policies as the Zimbabwean insurer looks to expand on its existing service offering in the market.
“Following an extensive tender process
Nyaradzo Funeral Assurance partners SilverBridge partners – Press Release
Insurance24
HARARE, The Nyaradzo Life Assurance Company has contracted SilverBridge to provide it with a cloud-based system for managing various product portfolios including life and pension policies as the Zimbabwean insurer looks to expand on its existing service offering in the market.
“Following an extensive tender process
Can insurance step in on social risks?
Insurance24
HARARE, A recent paper from the Actuaries Institute found that financial services businesses are failing when it comes to managing their social risks.
The paper, entitled Social Risks – for a financial services business, states that they face a host of risks which could damage not only reputations but also the businesses themselves.
So, is there