Time for African insurance industry to digitalise
Noah Kupeta
ZimSelector.Com Business Development Director Zelina Francis explaining the significance of digitalising insurance in Africa.
Category: Breaking news
7Oct
Cimas fears potential stock outs
Cimas fears potential stock outs
Staff Reporter.
Medical aid services provider Cimas says its facing imminent potential stock outs on critical medicines supplies and reagents due to soaring replacements costs.
4Oct
Ghost of 2008-2009 haunts Pensions industry as viability and relevance is questioned
Ghost of 2008-2009 haunts Pensions industry as viability and relevance is questioned
Staff Reporter
3Oct
ZHL terminates negotiations for $10 million capital raise
ZHL terminates negotiations for $10 million capital raise
Staff Reporter
ZIMRE Holdings has terminated negotiations for a proposed Emeritus International Reinsurance Company capital raise in Botswana.
The group which has been trading under a cautionary notified the withdrawal of the cautionary today.
“…….negotiations for the Emeritus International Reinsurance Company capital raise have been terminated….Accordingly,
2Oct
IPEC sets terms on forex denominated insurance policies
IPEC sets terms on forex denominated insurance policies
HARARE – The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confidence crisis in the recently formalised local currency.
The substance behind the statement (Circular 13 of 2019) appears to be aligning
2Oct
Property and equity investment portfolios gains boost Fidelity H1 turnover
Property and equity investment portfolios gains boost Fidelity H1 turnover
Staff Reporter
HARARE, Fidelity life Assurances’ (Fidelity Life) total revenue grew by 143%, closing the half year at ZW$62,5M, compared to ZW$25,8M same period last year driven by fair value gains on the Group’s property and equity investment portfolios.
The value gains of ZW$29,9M were recorded during the period
25Sep
GCR upgrades Zimnat General Insurance rating to A+
GCR upgrades Zimnat General Insurance rating to A+
Global Credit Rating (GCR) has revised Zimnat General Insurance’s national scale financial strength rating to A+(zw) Stable Outlook, from its previous rating of A-(zw).The financial strength rating (formerly claims paying ability) went up two notches.
GCR is the leading emerging market focused ratings agency, rating the full spectrum of security
24Sep
Credit rating upgrade to spur growth; Interview
Credit rating upgrade to spur growth
Emeritus got reinsurance credit rating to –A from BBB, 1. This comes a year after Zimre Holdings Limited (ZHL) consolidated its reinsurance operations under Emeritus Reinsurance International, as it sought to innovatively grow its market share and profitability. The rebranding,
20Sep
Asia-Pacific will bring in 42% of global insurance premiums by 2029
Asia-Pacific will bring in 42% of global insurance premiums by 2029
HARARE, Global insurance premium volumes reached a new benchmark high of US$5 trillion in 2018, according to the Swiss Re Institute’s report, World Insurance: The Great Pivot East Continues, but that doesn’t mean all is well for insurance sectors in every part of the world.
China and Asia-Pacific more broadly will continue
18Sep
Of fake claims, double claims, money laundering in the insurance sector
Of fake claims, double claims, money laundering in the insurance sector
Noah Kupeta
HARARE, The insurance and pension industry is sometimes faced with serious problems such as fake claims, double claims and sometimes money laundering. But why do people commit themselves to such crimes? Does the insurance and pension industry have control mechanisms of transparency and accountability?