CellMed Health Medical Fund partners Hollard Cigna Health in new product
Staff Reporter
HARARE, CellMed Health Medical Fund is set to launch a new medical aid product in partnership with the Hollard Cigna Health Product.
The product, according to CellMed, enable members to access international medical treatment.
“We have partnered with Hollard (who are innovating across Africa) and Cigna (a global
Foreign currency for selected insurance products: IPEC
Noah Kupeta
HARARE, The Insurance and Pension Commission (IPEC) has announced that the Reserve Bank of Zimbabwe (RBZ) has approved denominated policies on selected products in line with industry market demands.
The development has been hailed by various stakeholders as positive considering the current hyperinflationary environment in Zimbabwe as
Time for African insurance industry to digitalise
Noah Kupeta
ZimSelector.Com Business Development Director Zelina Francis explaining the significance of digitalising insurance in Africa.
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.
Ghost of 2008-2009 haunts Pensions industry as viability and relevance is questioned
Staff Reporter
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,
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
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
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
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,