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Category: Breaking news
15Jul
Nyaradzo CEO and Founder…Tracks roots
Nyaradzo CEO and Founder…Tracks roots
By Phillip Mataranyika CEO Nyaradzo
By the time I left Old Mutual, on the 28th of February 2001 to begin a new chapter in my life as CEO of a fledgling company, Nyaradzo, I was the most successful Old Mutual sales agent and financial advisor of all time. I had won all the awards there were to win, travelled many parts of the country and some of the countries
15Jul
ZHL seek to strengthen Credsure
ZHL seek to strengthen Credsure
Staff Reporter
ZIMRE Holdings says it is targeting to grow Credsure market share and business through onboarding more underwriting management agency (UMA) with dynamic impact and strategies to acquire business that complements innovative customer propositions.
The group, after losing NicozDiamond to First Mutual Holdings is seeking to return to short term insurance through
15Jul
Intelligent automation drives operational insurance improvements
Intelligent automation drives operational insurance improvements
HARARE, Insurers looking toward digital innovations to drive operational improvements in their processes would do well to consider the benefits of intelligent automation (IA). For example, the recent partnership between SilverBridge and Astute Financial Services Exchange which delivers a fully automated intelligent claims processing solution that provides maximum risk oversight while enabling claims
5Jul
Insu24 e-newsletter
Insu24 E-newsletter e-Newsletter_02 July 2021
30Jun
FMHL gross premium firm in five months
FMHL gross premium firm in five months
Staff Reporter
First Mutual Holdings Limited (FMHL) Gross Premium Written (GPW) rose 494% to ZWL$3.92 billion during the five months to May 2021.
Douglas Hoto, the group chief executive, in a trading update said an estimated 40% of the revenue was US$ premium translated at the interbank rate.
In the Zimbabwe market, the forex premiums were US$9.2 million compared
29Jun
Are REITs the Solution to Direct Property Holding Challenges for Pension Funds?
Are REITs the Solution to Direct Property Holding Challenges for Pension Funds?
After years of relentless advocacy by the investment management community for the enactment of required legislation, finally there is now in place the regulatory framework that governs the creation of REITs.
Modeled along fund structures, REITs (Real Estate Investment Trusts) are a special type of professionally managed
29Jun
Old Mutual seek to unbundle portion of Nedbank stake
Old Mutual seek to unbundle portion of Nedbank stake
Staff Reporter
OLD Mutual Limited has said it will unbundle a portion of its stake in Nedbank subject to relevant approvals.
According to a circular to shareholders, Old Mutual will unbundle all the Nedbank ordinary shares currently held by Old Mutual Emerging Markets Limited being 62,131,692 Nedbank ordinary shares and comprising 12,2 percent of
29Jun
NicozDiamond GPW in massive growth
NicozDiamond GPW in massive growth
Staff Reporter
HARARE, Short term insurer, NicozDiamond says gross premium written (GPW) in 2020 grew by 669 percent to $2,07 billion driven by new business and revaluation of insurance portfolios in response to inflationary pressure, resulting in net earned premium growth of 680 percent.
Chairman Elisha Moyo said the group had an investment profit of $13,3 million
29Jun
Considerations when choosing a life policy nominated beneficiary
Considerations when choosing a life policy nominated beneficiary
By Farai Francis Zhara
Choosing a life policy nominated beneficiary is a field many people are tempted to overlook when filling the proposal form but this is an important decision. You buy insurance because you have a reason for the payout, maybe to provide funds for your family to pay bills or to pay for children’s school fees and