ZB Holdings insurance earnings surge

ZB Holdings insurance earnings surge

Staff writer

ZB Holdings Limited Net insurance related earnings rose from ZW$0.116bn in 2020 to ZW$0.239 billion in 2021, on the back of a favourable claims experience.

This was despite a 29.8% decline in total income to $2,9 billion from ZW$4.128 billion for the period to 30 June 2020.

ZB group CE Shepherd Fungura said gross premiums increased by 18.4% from ZW$0.592

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FMHL to leverage on diverse business portfolio

FMHL to leverage on diverse business portfolio

Staff writer

First Mutual Holdings limited says it will continue to leverage on its diverse business portfolio, strategic partnerships, as well as its regional footprint to sustain a positive growth trajectory in the future.

This is coming at a time  the group  capacitated its insurance subsidiary in Mozambique, Diamond Seguros, to meet regulatory capital

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Insurance modernisation critical for business success

Insurance modernisation critical for business success

HARARE, Even prior to the onset of the COVID-19 pandemic last year, insurers were under pressure to modernise their legacy systems as customers started expecting more agile solutions capable of benefitting from advances in digitalisation, the cloud, and even machine learning technologies. Global events over the past 17 months have accelerated

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Zimnat launches Motor Vehicle Assessment Centre

Zimnat launches Motor Vehicle Assessment Centre

Staff Writer

HARARE, Zimnat General Insurance last Thursday launched its first Motor Vehicle Assessment Centre with a head turning simulation of an accident along Leopold Takawira Street in Harare, opposite Parirenyatwa Hospital.

The centre has been established so that its clients no longer have to look for quotations when submitting a motor vehicle insurance

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FBC Insurance focuses on product development

FBC Insurance focuses on product development

Staff Writer

FBC Holdings Limited says its insurance business has remained focused on product development and penetrating new market segment despite the operating environment which has negatively affected the uptake of insurance products.

In its HY2021 results the group said it had accorded special focus on micro insurance.FBC group chairperson

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Pension Funds Infrastructure Investments – Who Benefits?

Pension Funds Infrastructure Investments – Who Benefits?

The contentious issue surrounding infrastructure development investing for pension funds is the question – is it the role of the private sector, pension funds in particular, to develop infrastructure? Is this not instead the sole responsibility of the government of the day? Further, is it not that pension funds’ first responsibility

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Ipec directs pension industry to cushion pensioners

Ipec directs pension industry to cushion pensioners

Staff Writer

The Insurance and Pension Commission (Ipec) has immediate directed the pension industry to apply ZW$36 000 in the determination of

commutation and preservation amounts for pensioners as it seeks to cushion pensioners from the ever deterioration pension benefits.

The monthly pension applicable for commutation and preservation purposes

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ZB Life Assurance launches enhanced cash funeral plan 

ZB Life Assurance launches enhanced cash funeral plan 

ZB Life Assurance, a subsidiary of ZB Financial Holdings, has launched an enhanced ZB Cash Funeral Plan to provide post-burial benefits to the policyholder, in addition to the cash benefits that assist with the financing of funeral and burial costs.

The enhanced product will help bereaved families to cope with post-burial expenses that are often

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Insurers embrace disruption with reskilling of talent

Insurers embrace disruption with reskilling of talent

HARARE, Over the past 16 months, the ways people work and live have been fundamentally impacted. The expectations are that even following the COVID-19 pandemic, organisations across industry sectors can no longer revert to their traditional approaches. Insurers have already taken this to heart and have redoubled efforts to modernise and digitalise

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ICZ makes timely Covid-19 donations

ICZ makes timely Covid-19 donations

Staff Writer

HARARE, The Insurance Council of Zimbabwe (ICZ) donated 40,000 litres of diesel to the Civil Protection Unit which will be used through the Ministry of Health and Child Care and 270 grocery hampers worth $925,000.

The fuel donation was presented to President Emmerson Mnangagwa by the Chairman of ICZ, Patrick Kusikwenyu.

Kusikwenyu said that the third

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