Old Mutual announces half year operating profit growth of 27% to hit $34.3 million
Harare– Old Mutual Zimbabwe’s Group CEO has announced, during the company’s half-year analyst briefing, an operating profit of $34.3 million representing growth of 27% for the first half of 2018.
Speaking to analysts during the briefing session held today, Mr Jonas Mushosho, Old Mutual Zimbabwe CEO and
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Short-Term Health Plans Have Growth Potential For Some Insurers: Analyst
Compiled by Insurance24
OLDWICK, N.J.–(BUSINESS WIRE)– The U.S. Department of Health & Human Services’ final rule on short-term, limited-duration medical products should have a positive impact on insurers that offer these policies, as these carriers will likely see top-line growth
Global catastrophe losses hit US$36 billion in first half of 2018
HARARE, Global economic losses from natural catastrophes and man-made disasters reached US$36 billion in the first half of 2018, according to new data from the Swiss Re Institute.
Global insured losses from disasters were US$20 billion in the first half of the year, according to the institute’s sigma estimates. That’s down
Insurers’ quest for simplifying the IT of policy administration is increasingly moving towards the cloud has seen insurers rethink their approach to not only solution development but also policy administration. Increasingly, ‘as a service’ is becoming pervasive in the industry. Claudette Steynberg, product manager at SilverBridge, takes a closer look.
“Despite initial scepticism around the
Compiled by Insurance24
HARARE, Gamification provides insurers with an ideal platform to enhance customer engagement. With apps like MEGA MEDS, that turns medicine management into a fun experience, and the likes of the
ZB Holdings insurance units revenue flat at $4.9 mln in first half 2018
By Insurance24
HARARE, ZB financial holdings says its net revenues from its insurance activities remained flat at $4.9 million, with gross premiums having increased by 6% in the half year ended June 30 2018.
Gross premiums increased to $16, 5 million in H1 2018 from $15,5 million same period last year.
In the
Insurance Institute testing exposes huge car safety concern
Compiled by insurance24
HARARE, Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns.
The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing
Big data a $2.4 billion opportunity for insurance industry – report
Compiled by Insurance24
Big data investments in the insurance industry are expected to account for more than $2.4 billion by the end of 2018, according to new data from market research and consulting firm SNS Telecom & IT.
Originally used to describe data sets whose size was beyond the ability of traditional databases, “big
NSSA revenue in marginal decline in 2017, but profit in massive jump
By Insurance24
HARARE, The National Social Security Authority (NSSA) revenue for 2017 declined a marginal one percent to $349 mln largeley as a result of declining contributions and premiums as registered employers number declined due to company closures.
Despite that, NSSA, profit for the year significantly went up to $149 million
Why insurers should embrace the cloud
By Insurance24
HARARE, Even though global insurers are embarking on digital migration projects to cloud environments, it is not happening quickly enough with independent brokerages sitting at an average adoption rate of 44 percent. Patrick Ashton, managing executive