Insurance sales targets exerting pressure on agents
Paradzi Masvingise
HARARE-“These days, the competitive environment is extremely challenging for most companies. The price, cost and innovation pressure is strong. At the same time, the expectations by the investors are very high: The return on the invested capital ought to be maximal.
“Companies set ambitious targets, which are defined for different
INSURING THE INTANGIBLE: DEVELOPING INTELLECTUAL PROPERTY INSURANCE IN ZIMBABWE
HARARE, Intellectual property (IP) is an intangible asset that is created or acquired by a company. Unlike tangible assets, such as plant equipment and goods; IP assets are not physical in nature. The difference between tangible and intangible assets does not end there, as tangible assets are vigorously
THE MICRO-INSURANCE REGULATORY FRAMEWORK IN ZIMBABWE
Nobert Musa Phiri: Partner Muvingi and Mugadza Legal Practitioners
Summary
The Insurance regulator in Zimbabwe, Insurance and Pensions Commission (IPEC) in June 2017 introduced a micro-insurance framework whose primary objective is to promote the development of micro-insurance in Zimbabwe by establishing a basis for
Between a Rock and a Hard Place – Insurance in a New Dispensation
HARARE, Insurance companies in Zimbabwe are currently faced with two very unpalatable options.
The first option is to continue to accept insurance premiums without adjusting for inflation, but this would leave their insured customers facing a significant shortfall between their insurance payouts and the replacement costs of insured
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