By Insurance24
HARARE, Even though the market has become more competitive in Africa, many insurers still rely on traditional methods to reach customers. While other industries have been pro-active in their adoption of mobile technology due to its convenience and reach, insurance has generally been slower to adapt. Ashok Shah, Group CEO of APA Apollo, examines this.
“Mobile technology can have
Agriculture insurance slowly re-evolving…Insurers should do more on transparency
By Insurance24
HARARE, Agriculture is as risky as any business. The sector is prone to losses from natural disasters, thus as a result, farmers and insurance companies should co-exist in order to minimize the risk of losses.
In Zimbabwe, uptake of insurance services by farmer is generally low as farmers largely view
Toyota will be watching you drive – and may adjust your premiums accordingly
Compled by Insurance24
HARARE, Toyota Motor Corp. said it plans to save big fleet operators money by expanding its data analytics, telematics and network security platform into Europe.
The London-based unit is starting with US$6.3 million (£4.5 million) in seed money from Toyota and plans to hire as many as
Old Mutual completes feasibility for power projects….Market ends week on front foot
By Insurance24
HARARE, Old Mutual says is close to completing feasibility studies of its $12 million solar and mini-hydro power projects upon which construction works would commence.
Old Mutual Investment Group Managing Director Marjorie Mayida in an interview said the projects include two 50 megawatt solar projects
Transafrica expand product offering for Zimbabweans living and working in South Africa
By Insurance24
HARARE, South Africa’s funeral services company, TransAfrica is set to introduce an new life product, the Zimlife Plus beginning next month largely targeted for Zimbabweans living and working in that country.
The new product is largely an extension of a funeral cover product known as Zim Transafrica
Marsh Q1 growth slows as GC accelerates
Compiled by insurance24
HARARE, Marsh & McLennan Companies’ (MMC) primary broking business reported slowing underlying revenue growth in the first quarter within a set of group results which exceeded expectations.
The pace of underlying growth at Marsh declined to 2 percent for the first quarter, slowing from a growth rate of 5 percent in the same
Not a good outing for insurers on Thursday
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) was characterized by thin volumes as activity remained low. Old Mutual which was the only insurer to trade was flat at 571c ahead of its annual general meeting this afternoon.
Only 300 Old Mutual shares exchanged hands. Other insurers ZHL, FMHL, Fidelity and Nicozdiamond shares witnessed
Is Insurance industry doing enough to curb fraudulent claims? as Zimbabwe Insurance Crimes Bureau comes into effect.
By Insurance24
HARARE, Fraudulent insurance claims are not peculiar to Zimbabwe alone, but has become a Global phenomenon. But is the Insurance Industry doing enough to curtail this?. In Zimbabwe alone, fraud claims constitute estimated 30 to 40 percent of claims paid annually.
These
Insurers urged to take the lead as terrorism risks surge
Compiled by Insurance24
HARARE, The deadly van attack in Toronto on Tuesday (April 23) serves as a horrific reminder that “we live in uncertain times.” While the incident, which left 10 dead
Falling behind with cyber risk could be catastrophic
Compiled by Insurance24
HARARE, Dollars and cents. The more businesses read about cyberattacks burning deep financial holes into the pockets of innocents, the more attention they turn towards their cyber security and insurance needs.
Cyber criminals are almost always one step ahead of the game. While companies react and respond to current threats,