FBC Holdings Limited says its insurance businesses are continuously adapting to industry developments as the insurance industry faced mixed fortunes in 2024, Insurance 24 reports
Category: Breaking news
3Apr
New business drives ZB Financial Holdings gross written premiums
Staff Writer
HARARE: ZB Financial Holdings says an increase in new business as well as in sum assured was key in driving growth in gross premium for the group in 2024, closing the year at ZWG 0.16 billion and ZWG 0.33 billion in reinsurance gross premium.
The Group says this was also buoyed by an increase in the share participation,
2Apr
Old Mutual plays a key role in promoting financial inclusion
Old Mutual Zimbabwe has invested in various initiatives aimed at promoting financial inclusion as part of the group’s efforts to support the economy.
2Apr
Lack of sufficient disclosures derailing compensation exercise
The Insurance and Pensions Commission says it has not approved any of the currency conversion reports submitted by the industry, as they compromised the credibility of the currency conversion exercise, extending the deadline for submitting audited financial statements of pension and provident funds to 31 May 2025.
1Apr
CBZ Holdings insurance cluster secures key partnerships
Staff Writer
CBZ Holdings says its insurance cluster secured key partnerships and affinities in 2024 and increased dollarisation of the book to 83 per cent.
The group’s insurance units include CBZ Life, CBZ Insurance and CBZ Risk Advisory. This is in addition to the group’s other subsidiaries in banking, investments, wealth management, mortgages and retail finance.
In the year to December 31, 2024,
26Mar
IPEC Strengthens Commitment to Integrity with Pledge Signing Ceremony
IPEC Strengthens Commitment to Integrity with Pledge Signing Ceremony
Harare: The Insurance and Pensions Commission (IPEC) on Monday held the Board and Management Integrity Sensitisation and Integrity Pledge Signing Ceremony, reinforcing its unwavering commitment to ethical governance and transparency.
The Zimbabwe Anti-Corruption Commission (ZACC) facilitated the ceremony held in Harare for the IPEC
11Mar
Market swing into red on Tuesday
HARARE: The market swung into the red in Tuesday trading with the All Share Index shedding a marginal 0.11% and settling at 206.6511pts.
A total of 16,420,436 shares traded on the day buoyed a block trade in SACL of 12.9m shares representing 79% of the market’s aggregate.
Value of trades came in at ZWG 15.2m as top trades were registered in ECO, DLTA and TSL.
Trades in SIM highlighted the VFEX boosting
11Mar
Banks can leverage on insurance
Staff Writer
HARARE, By embracing insurance, Zimbabwean banks can enhance their services, drive growth, and improve financial inclusion.
As the industry continues to evolve, innovative partnerships and customer-centric approaches will be crucial to success.
Integrating insurance into banking services offers numerous benefits
>Increased Customer Loyalty: By providing insurance products, banks can
6Mar
Insurance industry advised to think about optionality
Staff writer
Insurance industry players have been advised to think about optionality when considering deals at a time. 2025 is promising to reflect an increase in transactions compared to prior years, Insurance24 reports.
This comes as an expert has warned that deals do not always work out, thus a need to have the capacity to deal with the aftermath.
Presenting on mergers, acquisitions, and strategic
5Mar
Pre-2009 pension compensation closure key to restoring confidence in insurance and pensions
The Insurance and Pensions Commission (IPEC) and the Zimbabwe Association of Pension Funds (ZAPF) have underscored the importance of finalising the pre-2009 pension compensation matter, which would help in restoring confidence in insurance and pensions.