Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector

Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector

By Insurance24

HARARE, Three Insurers, saw their shares trading on Tuesday with the market closing firm with the All Share Index closing 0.67% stronger at 112.88. Nicoz Diamond was flat at 0.03c while Zimre Holdings lost 0.433% to close at 230c while Old Mutual was also lower, closing at 69628c. For

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The complexities of cyber liability in the hotel industry..Marsh subsidiary enters into strategic alliance with global hospitality advisory firm

The complexities of cyber liability in the hotel industry…

Complied by Insurance24

HARARE, Hotels and resorts hold significant cyber liabilities because of the nature of their business. They handle huge amounts of personal identifiable and other sensitive information, including: names, dates of birth, passport details, occupations, as well as debit or credit card details – and that’s just

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IPEC takes insurance and pensions to communities ahead of Insurance Awareness Day

IPEC takes insurance and pensions to communities ahead of Insurance Awareness Day

By Insurance24

HARARE, There’s something that most people don’t talk about, don’t think about, and when the end comes it snaps right around and hits them square in the face. Their homes and cars remain unprotected, and there’s nothing to save them when the hammers comes down. Insurance Awareness Day reminds you

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New ISO Program Targets Home Healthcare Insurance Market…Reinsurance giant AXIS Re announces major overhaul

New ISO Program Targets Home Healthcare Insurance Market

Compiled by Insurance24

Harare, ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business.

The aging population is one factor in the significant expansion of home healthcare in the United States. The U.S. Census Bureau projects that the over-65

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Econet set sight into Vehicle and Education insurance…Over 2 mln Zimbabweans on Ecosure funeral

Econet set sight into Vehicle and Education insurance…Over 2 mln Zimbabweans on Ecosure funeral

By Insurance24

HARARE, Econet Wireless Zimbabwe says under its Fin-Tech segment, through the Ecosure brand, Insurer-tech is now the fastest growing segment with over 2 million Zimbabweans accessing funeral insurance.

The company in its financial statements for the year ended 28 February 2018, noted

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Life Reasurers net premium up 13% in 2017….Emeritus Re and FM Re account for 77% of total gross premiums

Life Reasurers net premium up 13% in 2017…Emeritus Re and FM Re account for 77% of total gross premiums

By Insurance24

HARARE,  Emeritus Re, which is still referred as Baobab Re in the IPEC reports accounted for 49% of the $7.7 mln gross premium income for the reinsurance industry in 2017 which increased 4% from $7.4 mln during prior year.

Combined with First Mutual Re, the two reinsures accounted

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European Commission proposes changes to insurance rules…Managing predictive behaviour in insurance

European Commission proposes changes to insurance rules

Compiled by Insurance24

HARARE, The Motor Insurance Directive may be set for an overhaul, if changes proposed by the European Commission pass through.
The Commission, which is the executive of the European Union, has put forward a proposal aimed at strengthening EU rules on motor insurance.
Announcing the proposed changes and signaling

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ZSE opened week lower, insurers Old Mutual and FMHL among today’s losers

ZSE opened week lower, insurers Old Mutual and FMHL among today’s losers

By Insurance24

HARARE, The All Share Index retreated a marginal 0.21% to close at 1.5.05 on the back of losses in FMHL, Hippo and PPC. The week however opened with turnover decent at $1.5 mln with notable trades in Barclays, Econet, FMHL and OKZim.

Insurer, First Mutual Holdings closed 0.05 c lower at 14.95 while Old Mutual

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Life Assurers profitability lowers in 2017 on increased claims…..Gross Premium up 6%… Old Mutual Life and Nyaradzo account for 72% of total net premium income

Life Assurers profitability lowers in 2017 on increased claims…..Gross Premium up 6%… Old Mutual Life and Nyaradzo account for 72% of total net premium income

By Insurance24

HARARE, The life sector’s profitability in 2017 decreased 56% from $127.33 million in 2016 to $55.9 million by 31 December 2017 largely as a result of total costs which went up 42% from $219.38 million prior year 2016

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