Insurance uptake surge
Noah Kupeta
HARARE, The uptake of life insurance policies in Zimbabwe has significantly increased due to comprehensive digital communication efforts by most insurance companies.
Several insurance companies revealed that the uptake of life insurance products has surged by more than 90%, despite the recent upward revision of premiums. Life insurance involves the pooling of resources
Zim in hyperinflationary: Old Mutual Limited…. to manage capital from Zim business on ring fence basis
Staff Writer
HARARE, OLD Mutual Limited (OML) says its Zimbabwean business will be managed on a ring fenced basis until such a time the group will be able to access capital by way of dividends.
The diversified group has a primary listing in South Africa and in Zimbabwe. Old Mutual has a diversified
Sanlam says new business growth potential will remain under pressure, despite satisfactory performance in Four-month
HARARE, Sanlam, whose presence in Zimbabwe is through Zimnat, reported a satisfactory operational performance in the four months to 30 April 2019, despite persisting headwinds in South Africa, the Group’s largest market, and international political and economic turmoil affecting
Ron Mutandagayi, ZB Holdings chief executive
ZB Holdings still keen on regional expansion…as net insurance income increase in H1
Staff Writer
HARARE, ZB Holdings net business income from insurance operations for the half year 2019 increased 44% to ZW$7 mln from ZW$4,9mln for the half year ended 30 June 2018 with growth in reinsurance premiums reflecting a partial restoration of covers against rising
ZHL still pursuing the elusive USD… in Botswana
ZIMRE Holdings says it is still pursuing the Emeritus International transaction to raise at least $10 million in Botswana to support regional operations.
This is part of the group’s restructuring exercise which commenced in 2016, where the group is targeting to raise a total $30 million through a phased approach.
“Further to the cautionary announcement
Clients of Allan Gray increases stake in Old Mutual Limited
Staff Reporter
HARARE, Old Mutual Limited says clients of Allan Gray now holds 10.0018% of the JSE listed total issued ordinary shares of the company.
In a notice to its shareholders, Old Mutual said the acquisition was done within the confines of the JSE Limited Listing Requirements, among other regulatory requirements.
“….. in accordance
Grace Muradzikwa: IPEC commissioner
Only 52,29% of insured funds administered active: IPEC
HARARE, OF the total 897 pension’s funds under administration, only 469 are active, representing 52,29% of the total insured funds administered.
According to the Insurance and Pensions Commission (Ipec) report for the quarter ended 31 March 2019, the high number of inactive funds was mainly due to some sponsoring
Pension industry posts $48.72 million surplus for Q1 2019
HARARE, The Insurance and Pensions Commission (IPEC) released its 2019 first quarter report on the pensions industry. The sector faces growing challenges in value erosion prompted by the currency devaluation and the effects of the adverse economic environment.
The inflationary impact on disposable income looks to be affecting the uptake from
Funeral assurers struggle to comply with minimum Prescribed Asset ratio
…as profit before tax fall 70.63%
HARARE – The Funeral Assurance sector’s profit before tax in the first quarter of 2019 declined by 70.63% from $1.97 million recorded in the comparable period last year to $580 000 due to an increase in operating expenses as the environment is characterised by inflationary pressures.
During
Minister hopes for fresh approach at NSSA
HARARE, The Minister of Public Service, Labour and Social Welfare, Sekai Nzenza has said the new NSSA board comprise personnel of diverse skills who has ability to bring a fresh approach to the Authority.
“This is a new board with a diversity of skills and expertise bringing a refreshing approach to good corporate governance in order to ensure an effective,