HARARE ; Research shows that insurance executives are recognising the opportunities associated with big data. Of course, they are no stranger to the importance of data analysis given how the industry is built around understanding market requirements and developing solutions accordingly. With the help
Zimbabwe’s insurance industry to suffer low product demand
Staff Reporter
ZIMBABWE’s insurance industry is expected to endure low demand for a broad range of insurance lines owing to a tough economic environment, a research report has revealed.
BMI Research, which is part of Fitch Solutions, in a report, Zimbabwe Insurance Report, (summary) said similar to other sectors of the country’s
FMHL makes move at subsidiary level
Staff Reporter
HARARE, Insurance group, First Mutual Holdings Limited has advised of a potential transaction through one of its subsidiary which may have an impact on the group’s share price.
In a statement, FMHL, said caution should be excised when dealing with the company’s share until a full announcement is made.
“Shareholders are advised that
Fidelity Life still pursuing capital restructure
Staff Writer
HARARE, Fidelity Life Assurance has negotiations to restructure its capital structure through issuance of shares by way of a rights offer are still ongoing.
The company in a statement said, “further to the cautionary announcement dated 22 July 2019, and
subsequent updates on 27 August, 23 September, 14 October, 04 November, 25
FBC Insurance unveils instant third party insurance product Yako
Staff Reporter
HARARE – FBC Insurance has launched “Yako” an innovative, game changing and fully digital third party insurance service which is poised to change the face of insurance in the country.
The innovative and world-class service, which is now available on the market, allows vehicle owners to purchase a secure and affordable
Claims in aviation are skyrocketing, in spite of better safety records
HARARE, Passengers can take a deep breath – the global airline industry has had some of its safest years in recent times when it comes to fatalities. This news comes despite a number of crashes, according to a new study from Allianz Global Corporate & Specialty (AGCS), though the report also notes that the long-term improvement
Zimnat brings relief to Zimbabweans living abroad and locally
HARARE, Zimnat Life Assurance announced a funeral plan, Kwedu/Ngekhaya, for Zimbabweans living outside Zimbabwe that enables them to be buried back home in Zimbabwe, with pay‑outs guaranteed in United States dollars or South African rands.
Moreover they can include members of their family back in Zimbabwe on their policy, ensuring that
IPEC seeks to restore confidence in insurance pensions industry
Staff Reporter
HARARE- GRACE Muradzikwa, the IPEC Commissioner, has said one of the commission’s 2020 strategic objective was to restore and build confidence in the insurance and pensions industry following loss of value by consumers.
She was speaking at a graduation ceremony for the 2019 class of the IPEC Journalism Mentorship
The state of digital transformation for insurers
HARARE, Some consider financial services firms to be at the forefront of innovation when it comes to digital transformation initiatives. Although the emergence of fintechs have resulted in incumbents transitioning into a technology-centric environment even faster than before, the challenge many of these incumbents face is to identify the
Global Risks Report 2020: The key takeaways
If there was a predominant takeaway from the Global Risks Report 2020, published by the World Economic Forum in collaboration with Marsh & McLennan and Zurich Insurance Group, it was that: “The world cannot wait for the fog of geopolitical and geo-economic uncertainty to lift.”
For the first time in the 15 year history of this annual risk report,