Agriculture insurance slowly re-evolving…Insurers should do more on transparency

Agriculture insurance slowly re-evolving…Insurers should do more on transparency

By Insurance24

HARARE, Agriculture is as risky as any business.  The sector is prone to losses from natural disasters, thus as a result, farmers and insurance companies should co-exist in order to minimize the risk of losses.

In Zimbabwe, uptake of insurance services by farmer is generally low as farmers largely view

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Global Bancassurance: captive and joint venture models are thriving in spite of regulatory impact

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

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Big data analytics – the future of insurance

Insurance24

As the insurance industry seeks to adapt to the technology-driven landscape, it must learn to harness the large amounts of data it naturally holds. However, that is a daunting task where many insurers tend to struggle.

To gain more insight on how insurance industry members can navigate the tricky space of big data analytics, Insurance Business spoke with Vikram Mengi, co-founder and CEO

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Vehicle insurance: Who’s the regular driver of your car and why it matters

 Vehicle insurance: Who’s the regular driver of your car and why it matters

 

(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

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5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It

5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It

By  | August 18, 2017  (Insurance Journal) 

Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation.

“We have a lot of money going into trying to address this problem,” David Garrett, founder of Tensyl Security, a San Mateo, Calf. -based security consulting firm, told executives at

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Nicoz Diamond (Zim) Results Analysis FY2016 (syndication Equity Axis/ Insurance24

Nicoz Diamond (Zim) Results Analysis FY2016

Key Highlights 

o   Gross premium written up 2% from $28.9m in 2015 to $29.6m in 2016

o   Earned Premium up 9% from $17.7m in 2015 to $19.3m in 2016

o   Claims up 13% from $11.2m in 2015 to $12.7m in 2016

o   Total costs up 3% from $17.2m in 2015 to $17.8m 2016

o   PAT up 1.3% from $0.1m in 2015 to $1.7m in 2016

Operating Income Composition ($m)

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The ZSE Insurance Monitor: Old Mutual saves insurers in subdued mid-week trading

The ZSE Insurance Monitor: Old Mutual saves insurers in subdued mid-week trading

 Insurance24

HARARE, In a mid-week trading session on which the Zimbabwe Stock Exchange (ZSE) entered a consecutive second day to close in the red, for insurers only Old Mutual traded positive although in a marginal gain of $0.0003 to close at $3.93.

The diversified insurance and financial services group’s marginal

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