12Sep

Sanlam delivers satisfactory performance in first half of 2018 in challenging operating environment

12 Sep 2018 Insurance24

Sanlam delivers satisfactory performance in first half of 2018 in challenging operating environment

HARARE, Sanlam today announced satisfactory operational results for the six months ended 30 June 2018 amid challenging operating conditions across several markets where the Group operates.

The Group, which in 2018 celebrates 100 years since it was established in 1918 and 20 years since it was listed on the Johannesburg and Namibian Stock Exchanges, attributed the performance to its well-diversified profile across geographies, market segments and client offerings.

Investment market volatility, a stronger average Rand exchange rate and weak South African and Namibian economies, however,

12Sep

Risk managers – what do you want from a broker?…PartnerRe: The future of reinsurance looks bright

12 Sep 2018 Insurance24

Risk managers – what do you want from a broker?

Compiled by Insurance24

HARARE, Working for oil and gas producer Noble Energy, with operations in a number of volatile, possibly hostile regions, Dave Gresko oversees a pretty unique risk strategy. Aside from location, the industry itself has inherent risk, and exploration brings with it the potential for a major catastrophe, he says.

“As an oil and gas company, we have operations in West Africa,

11Sep

Pension’s regulator proposes maximum limit on expense ratios…Opens up industry to competition

11 Sep 2018 Insurance24

Pension’s regulator proposes maximum limit on expense ratios…Opens up industry to competition

By Insurance24

HARARE, The Insurance and Pensions Commission is proposing setting maximum expense ratios, which the industry should comply with, in bid to cap costs of running pension funds.

The expense caps are being proposed at maximum of 5% expense to contribution ratio, Maximum of 1% expense

11Sep

Funeral Assurers seek to unite and advance sector interests at 4th conference

11 Sep 2018 Insurance24

Funeral Assurers seek to unite and advance sector interests at 4th conference

Dorcas Chigodho

Staff Reporter

HARARE, AT least 200 delegates are expected at the 4th conference of the Zimbabwe Association of Funeral Assurers (Zafa) to be held in Bulawayo next week as it seeks to unite and advance the interests of the funeral sector in Zimbabwe and abroad.

To date the association says it has received confirmations

10Sep

IPEC proposes three tier pension system

10 Sep 2018 Insurance24

IPEC proposes three tier pension system

Owen Kurewa

HARARE, In view of challenges facing Zimbabwe’s pension industry, the Insurance and Pensions Commission has taken an initiative to propose holistic reforms for the country’s pension sector in order to come up with an efficient pension system.

Three Tier Pension System

The regulator is proposing that Zimbabwe adopts an integrated three tier

10Sep

Texas Mutual explains open strategy on fraud busting… “More money or less money”: Keeping producers accountable to achieve higher growth

10 Sep 2018 Insurance24

Texas Mutual explains open strategy on fraud busting

Compiled by Insurance24

HARARE, Texas Mutual Insurance Company is well and truly clamping down on insurance fraud. In 2017, the insurer’s internal fraud department identified more than $6 million in workers’ compensation fraud and made a number of convictions.

The fraud busters have remained hard at work through the first half of

7Sep

Technological revolution threat/opportunity to traditional insurance industry. But Ipec ready to provide enabling environment

7 Sep 2018 Insurance24

Technological revolution threat/opportunity to traditional insurance industry. But Ipec ready to provide enabling environment

W Mapfumo

Insurance24

HARARE, The Insurance and Pensions Commission (Ipec) says is ready to engage with the industry in providing an enabling regulatory framework that facilitates ease of doing business through digital transformation of the insurance industry.

Speaking at a Breakfast

6Sep

INSURERS MUST DELIGHT THEIR BROKERS, AS WELL AS THEIR CUSTOMERS!

6 Sep 2018 Insurance24

INSURERS MUST DELIGHT THEIR BROKERS, AS WELL AS THEIR CUSTOMERS!

Compiled by Insurance24

HARARE, Insurance providers should bolster the digital experience they deliver to intermediaries as well as to their direct customers.

Customer expectations and behavior are changing dramatically because of digital disruption and rising consumer clout. Customers want service providers to offer them enticing

6Sep

IPEC moves to equip industry on the inevitable impact of block chain technology in insurance

6 Sep 2018 Insurance24

http://www.cbzinsurance.co.zw

IPEC moves to equip industry on the inevitable impact of block chain technology in insurance

Walter Mapfumo

Staff Reporter

HARARE, The Insurance and Pensions Commission (Ipec) has moved to equip the insurance industry with an appreciation of the inevitable impact of block chain technology in transforming existing business models.

The regulator will tomorrow host a breakfast

5Sep

Zimbabwe Operational Risk Report : FitchSolutions

5 Sep 2018 Insurance24

http://www.cbzinsurance.co.zw

Zimbabwe Operational Risk Report : FitchSolutions

Portia Zimbizi

Staff Reporter

HARARE, The amalgamation of pervasive corruption, weak rule of law and policy uncertainty underscored by shifting positions on the country’s local ownership and foreign participation regulations have made Zimbabwe an unattractive investment environment for the past two decades .

Corruption