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%
Sanlam, Zimnat’s parent company banks growth prospects on outside South Africa operations
Insurance24 Reporter
South African insurer, Sanlam, who are the largest shareholder in local insurer Zimnat says growth prospects outside of South Africa remain more positive with the improvement in economic conditions likely to persist in the medium term across most regions where it operate.
Sanlam, a financial
Accurate data is the key to a viable insurance sector
For insurers to remain competitive and viable, they require accurate data to move their business forward into the digital age.
Data has always played an important role when making informed decisions in the insurance industry. In the past, data was gathered through face-to-face interactions with clients. Brokers and insurers shaped their understanding
LOA takes initiative to de-mystify insurance as it stimulate national debate
Insurance24 Reporter
HARARE, According to the Insurance and Pension Commission (IPEC), almost 70% of Zimbabwe Stock Exchange (ZSE) listed companies are funded by insurance companies and pension funds as institutional investors.
On other hand, at least 77% of Zimbabwe’s adult population are believed do not have any form
Healthcare funders discuss economy and industry regulation’s impact on industry
Insurance24 Reporter
Harare- Healthcare funder’s stakeholders will this week gather in Victoria Falls for their annual conference which will among other things deliberate on the country’s economic outlook and regulatory issues impact on the sector.
The Association of Healthcare Funders of Zimbabwe (AHFoZ), the convener,
Insurers predicting growth in staff and revenue
The insurance industry is bullish about growth in the next 12 months, with three-quarters of personal lines companies expecting to increase staff.
The majority of insurance (81%) companies are also expecting to grow their revenue in the next 12 months.
The stats are the results of an “Insurance Labor Market Study”, a joint effort conducted by The
FML shareholders approve acquisition of NicozDiamond, as changes in management looms
Insurance24 Reporter
HARARE, Management changes are now visibly looming at NicozDiamond and Tristarinsurance after shareholders of First Mutual Holdings (FML) approved at an EGM the acquisition of 80.92% the entire issued share capital of Nicoz which will result in merging of the two short term insurers.
FML group