Short term insurers urged to abide by investment guidelines…..as GWP and investment income drive massive profitability in 2017
By Insurance24
HARARE, The Insurance and Pensions Commission of Zimbabwe (Ipec) says insurers should abide by the investment guidelines in order to sustain their capacity to liquidate their contractual obligations on time.
As reported in the Ipec’s Non-Life quarterly
New Chubb cyber policy protects ‘the online you’
Compiled by Insurance24
HARARE, Everyone is vulnerable in today’s digital world. As technology progresses with considerable verve, developed communities are favoring fast and efficient online capabilities. But as we delve further into cyber space, we’re also exposing ourselves to a matrix of emerging risks.
Global insurer Chubb has launched
ZAFA targets increased uptake of funeral assurance products
By Insurance24
HARARE, The Zimbabwe Association of Funeral Assurers (ZAFA) says most funeral assurance products are micro-products which are affordable even to the vulnerable groups of society, but due to lack of educational campaigns, the products end up with the wrong people.
ZAFA General Manager Taka Svosve told Insurance24 on the
Compiled by Insurance24
HARARE, PricewaterhouseCoopers LLP, a global insurance and financial services provider, was ordered to pay the Federal Deposit Insurance Corp. more than US$625 million for negligence in the audit of Colonial BancGroup Inc., an Alabama bank holding company that failed during the financial crisis.
US District Judge Barbara Jacobs Rothstein issued the ruling Monday granting the
Zimpost launch low cost cash funeral plan…underwritten by First Mutual Life Assurance Company
By Insurance24
HARARE, Zimbabwe Posta (Zimpost) has unveiled a low cost funeral product known as PostLife Funeral Cash Plan which offers a cash benefit upon death of an insured person. The product is underwritten by First Mutual Life Assurance Company.
At the launch, Zimpost acting managing director
90% of insurers’ investment strategies don’t meet global climate goals
Compiled by Insurance24
HARARE, In spite of the risks stemming from climate change, a new report finds that nine out of 10 American insurance companies’ investment strategies fail to align with goals set out by the Paris Agreement.
“Despite looking at and considering this question over a number of years, they have
ZB Holdings insurance units in contrasting profit positions during five months 2018
By Insurance24
HARARE, ZB Financial Holdings life assurance business ZB Life Assurance premiums for the five months to May 2018 increased 22% to $5.3 mln compared to $4.3 mln same period in 2017, which resulted in improved profitability.
Group chief executive officer Ron Mutandagayi in a trading update
Incentivising for insurance change
Combied by Insurance24
HARARE, Combining the intelligent management of data with behavioural economics can assist insurers in providing customers with more sustainable solutions, says Kelly Preston, data analytics manager at SilverBridge.
Merely having access to data is no longer good enough to be competitive in the insurance market. The data must be combined with
IPEC/Industry players take insurance awareness to Gweru as Zimbabwe joins rest of world in commemorating Insurance awareness day
By Insurance24 – Statement by Lloyd Gumbo- IPEC Public Relations Officer
HARARE, As the Insurance and Pensions Commission and the insurance industry in Zimbabwe, we join the rest of the world in commemorating the Insurance Awareness Day.
Insurance Awareness Day is observed
Moving towards real-time claims processing
By Insurance24
HARARE, The insurance claims process is the bane of many people’s existence with some companies taking anything from 15 days up to a month, if not longer, to settle. In the fast-paced digital environment, this is an antiquated approach and must change if insurers are to remain competitive, according to Annalie Terblanche, Exergy Product