FMHL moves to acquire 100% stake in Nicozdiamond as NDI also moves closer to ZSE de-listing
By Insurance24
FMHL moves to acquire 100% stake in Nicozdiamond as NDI also moves closer to ZSE de-listing
By Insurance24
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
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
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
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
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
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
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
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
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