2018 could be ‘most dangerous’ year ever – WEF report
Insurance24
An evolving web of complex global risks is pushing humanity towards the brink – and it’s up to insurers and other socio-political leaders to ensure the consequences of these risks don’t reach catastrophic levels.
Risks are growing ever more interconnected and systemic in nature, which is causing concern for business, political
ZB suspends plans for offshore insurance unit in anticipation of improved nostro and foreign currency situation.
Insurance24 Reporter
HARARE, ZB Financial Holdings says has in the meantime put on hold plans to set up offshore insurance services in order to monitor how the new country administration will address nostro and foreign currency issues.
Chief executive officer Roy Mutandagayi told Insurance24
Old Mutual saves day for insurers as ZSE close in the red
Insurance24
Harare, The Zimbabwe Stock Exchange (ZSE) closed in the red as sellers continued to dominate. In today’s session, foreign buys amounted to $705,675 while foreign sales were at $396,874. Turnover was decent at $2.1 mln with notable trades in Delta, Old Mutual and Seedco.
The Industrial Index lost 4.16 points on the back of marked
ZHL and Old Mutual trade for insurers as turnover increases to $2.4 mln
Insurance24
Trading on the Zimbabwe Stock Exchange (ZSE) improved as investors continued to lock funds mostly in the blue chip category.
IPEC projects insurance penetration ratio at 4% in 2018 riding on new socio-political dispensation
Insurance24 Reporter
HARARE, The Insurance and Pensions Commission (IPEC) is targeting the insurance penetration ratio to at least 4% by end of 2018 from the current 3.6% largely on the back of new socio-political dispensation driven economic growth.
IPEC Commissioner Tendai Karonga told Insurance24 that
Insurance industry suffers $136 billion in natural disasters losses in 2017
Insurance24
Globally, the insurance industry suffered $136 billion in losses from natural disasters in 2017 and longer-term risks of climate change are envisaged for the insurance sector.
Coal power plants with a capacity of more than 800 Gigawatt are currently under construction or in the pipeline worldwide and a recent UNEP
CRAIR discusses Zimbabwe’s new economic trajectory, as ZSE opened week depressed
Insurance24
HARARE, The Centre for Risk Analytics and Insurance Research (CRAIR) will this Wednesday conduct a meeting whose guest speaker is Finance and Economic development Minister Patrick Chinamasa.
The breakfast meeting whose topic is “Zimbabwe’s New Economic Trajectory: Renaissance and Growth also have
Agile insurtechs driving change in car insurance ecosystem
Innovation in auto insurance has come a long way in the past few years, in part due to the founding and growth of “agile” and “tech-savvy” insurtech start-ups.
Competing in the car
IPEC commends Zim-Selector’s journalists insurance reporting mentoring programme
Insurance24
HARARE, The Insurance and Pensions Commission (IPEC) says the insurance sector has for long been ignored an mystified because its a specialised discipline that has not been adequately explained to the public.
At a inaugural graduation ceremony of journalists who undergone the Zimselctor.com insurance reporting
Insurance sector has potential to revive economy: Expert
Insurance24 Reporter
HARARE, An insurance expert has said Zimbabwe’s insurance industry has potential to boost low savings appetite as well as local investments, which will counter over reliance on foreign investments.
Zimselector.com, an insurance training institution founder Luke Ngwerume during the institution’s inaugural Insurance Journalist