Insurers also prone to price hikes
By Insurance24
HARARE, The Insurance Brokers Association of Zimababwe (IBAZ) says the current seed hikes which is likely to result in low production will not spare the insurance sector as it will translate in low insurance uptake.
Zimbabwe is struggling with price hikes in all sectors but seed prices are threatening the viability of the sector.
Government
Gvmnt demands finality to pension values conversion issue
HARARE, Government has challenged insurance regulator, Ipec and pensions industry players to bring finality on question of transparency regarding the conversion of values from the ZW$ to the US$.
Finance and Economic Development, Secretary George Guvamatanga, in a speech read on his behalf at an inaugural Ipec Insurance and Pensions media awards
Insurance industry set for pricing shake-up? Fitch says ‘yes‘
HARARE, With the recent announcement of a review on how insurers set their prices, is a change in pricing on the cards?
Yesterday, the Financial Conduct Authority (FCA) launched a study that will examine claims that general insurance (GI) firms have been overcharging loyal policyholders. The final report will be published
Zimnat holds charity half-marathon to assist Bulawayo man
HARARE, Zimnat is to hold a charity half-marathon on November 10 to raise money to assist a 30-year-old Bulawayo man, Cebisani Ndlovu, who needs spinal cord surgery.
Mr Ndlovu, who holds a Bachelor of Commerce (B.Com.) Honours degree in Risk Management and Insurance, is finding it increasingly difficult to walk, even with the aid of crutches,
Ipec pensions reforms long overdue: ZAPF
HARARE, Zimbabwe Association of Pension Funds (ZAPF) says the proposed Ipec reforms were long overdue and embrace the spirit behind the proposals as insuring the remains relevant.
Ipec is set to introduce some solid measures aimed at improving the country’s pension industry in line with international standards.
This has come at a time when the country’s
Compiled by Insurance24
HARARE, Ed Broking Group will soon have a new owner.
The company has just announced that it has reached an agreement to be acquired by BGC Partners, Inc – a global brokerage and financial technology company. The acquisition is subject to a number of conditions and regulatory approvals.
As part of the agreement, a subsidiary of BGC will acquire 100% of Ed – that includes
Construction Industry Pension Fund records $3,2 mln surplus in 2017
HARARE, Construction Industry Pension Fund which recorded a surplus of $3,2 mln in 2017, says will increase pensions payouts backdated 1 January 2018 by 10% while declaring interest of 9% p.a. and a bonus of 4% for 2017.
According to a recent actuarial valuation for the fund prepared by Pentact Private limited for the year
Insurtech ‘is a long-term bet’
HARARE, The impact of insurtech on the reinsuran industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today.
He stressed that SCOR has been very active in the
Zimbabwean appointed Swiss Re, UK & Ireland CEO
HARARE, Swiss Re has appointed Tavaziva Madzinga as new chief executive officer (CEO) of UK & Ireland (UKI), succeeding Frank O’Neill who left the reinsurer in September.
Madzinga, currently market executive for the Middle East & Africa (MEA) across both property/casualty and life/health, will be based in London and remain a member
Marsh confirms partnership with insurtech
HARARE, Brokerage titan Marsh has tapped a London-based insurtech to drive new insights and placement strategies for customers in the area of marine cover.
Announcing the multi-year deal, Concirrus said Marsh will be adopting the insurtech’s “Quest Marine” platform. Central to the partnership is behavioural data, which will also help in identifying