Tele- Marketing in Zimbabwe an Insurance viewpoint: Striking a balance.
By Hillary Mtandwa
A common misconception around tele-marketing is that it is there to replace the traditional way of selling insurance which is through brokers and agents. This misconception is far from the truth, on actual the two approaches to selling complement each other. It is the job of the astute marketer to ensure that
By Insurance24
HARARE, Even though the market has become more competitive in Africa, many insurers still rely on traditional methods to reach customers. While other industries have been pro-active in their adoption of mobile technology due to its convenience and reach, insurance has generally been slower to adapt. Ashok Shah, Group CEO of APA Apollo, examines this.
“Mobile technology can have
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
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
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
(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
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
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)
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
Aviation insurance sector analysis: Allianz exec
The aviation insurance industry, like other sectors, is facing a number of challenges – but some of those could be become positives for the right markets.
Mike Hansen, who was recently promoted from heading North American aviation to the global head of aviation for Allianz Global