Positive investment returns drives Mining Industries Pension Fund (MIPF) funding level to 77.5% in 2017
By Insurance24
HARARE, Funding level for the Mining Industries Pension Funds’ (Miff) improved to 77.5% in 2017 compared to 58.1% in 2016 with the growth largely attributed to a positive investment returns achieved on the assets of the fund during the year.
The Pension fund in a circular to
5 Top Trends In Accident Insurance
By Insurance24
HARARE, If I asked you to name a billion-dollar-selling employee benefit, accident insurance might not be the first to jump to mind.
But it is: $1.1 billion in premium last year, to be exact. Eastbridge Consulting Group reports voluntary accident insurance is an increasingly popular employee benefit, with sales surging nearly 40 percent between 2013
Fewer Severe Natural Disasters In 2018; Overall Losses Below Average
Compiled by Insurance24
HARARE, Munich Reinsurance released new data showing that worldwide natural disasters are way down so far in 2018.
Here is an overview of natural catastrophe figures for the first half of 2018:
– The overall losses of US $33 billion were roughly half those of the previous year and of the price-adjusted
Zimbabwe Pension and Insurance Tights Trust (ZImPirt) differs on IPEC’s as it also pokes registered entities
By Insurance24
HARARE, The Zimbabwe Pension and Insurance Rights Trust (ZImPirt) says the recent warning for the public not to engage organizations purporting to be insurance or pension’s experts indirectly takes away the public’s freedom to associate, which is unconstitutional.
Insurance
Predictive analytics vital for personalised insurance
By Insurance24
HARARE, Having access to sophisticated predictive analytics has become a business priority for insurers. Being able to factor in historical and real-time data to analyse patterns, determine risk, and identify trends is now fundamental to insurance success. Kelly Preston, data analytics manager at SilverBridge, discusses its importance
Pensions industry total income surges to $722m in2017
HARARE – The pensions industry’s total income for the year ended 31 December 2017 totalled $722.47 million; with contributions and fair values gains in equity amounting to $398.76 million and $139.08 million, respectively, a report released by the Insurance and Pensions Commission (Ipec) shows.
In its pensions report for the period under
EcoSure Moovah set to disrupt the short-term insurance industry for the good of motorists: Econet Cassava CEO
By Insurance24
HARARE, Econet through its recently licensed Econet Insurance (Private) Limited has unveiled a short-term motor vehicle insurance service EcoSure Moovah, which it said is set to disrupt the short-term insurance industry for the good of motorists through its attractive value
By Insurance24
HARARE, Private placement life insurance and annuity programs, commonly referred to as PPLI, have quickly become a favorite strategy among ultra-wealthy investors seeking greater tax efficiency within investment vehicles.
ZEP-RE underwrites $950 mln in premiums since inception…private sector shareholding grows to $225 mln
By Insurance24
HARARE, The COMESA reinsurance company, ZEP-RE (PTA Reinsurance Company) which commenced writing business in 1993 says has cumulatively to date underwritten over $950 million in premiums and paid out over $450 million in claims.
ZEP-RE was created by an agreement of Heads of State
Blockchain in insurance market expected to skyrocket
By Insurance24
HARARE, The global blockchain in insurance market is projected to grow from 2018’s US$64.5 million to US$1.393.8 million by 2023, a compound annual growth rate of 84.9%, according to a new study from ReportLinker.
A growing number of fraudulent insurance claims, increasing need to have transparent and trustworthy systems, and a focus