Cassava’s insurtech business in growth trend
Staff Reporter
HARARE, Cassava’s insurtech business has been trading on an upward trend with a 17% growth recorded in life policies in the nine months to November 2019.
In a third quarter report, the group company also said the short-term insurance business recorded a significant growth at 5,050% compared to same period last year.
“The
HARARE, Given the migration of insurers to digital channels and the large amount of sensitive personal information they store, it should come as no surprise that cyberattacks are becoming increasingly prevalent. Yunus Scheepers, CTO at SilverBridge Holdings, examines the importance of cyber security.
“Providing some element of protection in the policies themselves as
Life assurers flex muscles
PHIL MHLANGA
HARARE-ZIMBABWE’S funeral assurance companies find themselves in a precarious position following mounting threats from life assurance firms who are now writing 90% of funeral business in the country.
The strong presence of life assurers in the funeral market appear to be stoking the situation, making it difficult for dedicated funeral assurers to stay afloat
Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy
HARARE, SilverBridge has entered into a contract with The Hollard Life Company to implement the Exergy cloud-based policy administration system for the Hollard Partner Solutions business, a division of the well-known South African insurer.
“Our organisation has worked with the Hollard group for
Poor underwriting methods threat to insurers
Staff writer
Poor underwriting methods have been identified as one of the threats to the survival of insurance companies and have serious hindrance to service delivery.
Delivering her keynote speech at the ongoing workshop hosted by Insurance Council of Zimbabwe (ICZ) and Association of Insurers and Reinsurers of Developing Countries, Elizabeth Wyns-Dogde,(
Arrear pension benefits rise 100% in Q3, 2019
Staff Writer
The Insurance and Pensions Commission (Ipec) says the arrear pension benefits have shot up 100% to $87, 07 million in Q3 2019 from $77,77 million in half year 20 19 while unclaimed benefit liabilities marginally declined $32,44 million in the comparable period.
In its Q3 pension’s industry report, Ipec said the increase in the arrear pension
Old Mutual in talks to acquire Moonlight Funeral Assurance
HARARE – Old Mutual is in talks to acquire Moonlight Funeral Assurance as part of its efforts towards forward integration, complementing its life business.
Old Mutual is the country’s largest life assurance company controlling about 38.71% of the market in June 2019 in terms of revenue and 79.71% in terms of assets. Old Mutual
ZIMRE HOLDINGS awarded: A PEEP into ZHL’s operations
HARARE, On 21 November 2019, ZimRe Holdings Limited (“ZHL”) was selected by the Institute of Chartered Secretaries and Administrators (“ICSAZ”) as the First Runner Up in the Insurance Category, in the 2019 Excellence in Corporate Governance Awards. The Awards were instituted by ICSAZ with the main intention and objective of promoting
Insurance brokers’ role being underplayed.
HARARE, Insurance service seekers haves over the years relied on insurance brokers for advice on insurance products and risks among others.However there has been an emergency of such services a banc assurance and insurance agents that are cutting the role of the brokers. In the past brokers have accused them of conditional selling of insurance saying