Reinsurance CEOs confident they can fend off insurtech threat
Compiled by Insurance24
HARARE, CEOs of major reinsurance firms believe that while the digitalisation of insurance and the current technology wave is something they have to embrace, they can successfully fend off the threat from digital-only InsurTech start-ups.
Time for changeInsurance and reinsurance is an industry that has been besieged
IPEC crafts risk based capital framework
By Insurance24
HARARE, The Insurance and Pensions Commission (IPEC) is now a gear up towards the development of a Risk Based Capital Framework with the Commission seeking a consulting firm to assist in the process.
Ipec spokesperson Lloyd Gumbo told Insurance24 that the framework is intended to determine the capital that each insurance company should hold based
Altfin Life Assurance commence dividend payment to creditors
By Insurance24
HARARE, Altfin Life Assurance has commenced the payment of dividend to its creditors following its liquidation in 2016.
The company was placed under liquidation in 2016, a year after insurance regulator, the Insurance and Pensions Commission (IPEC) cancelled its operating license for failing to meet prescribed minimum
capital
Risk settlement market remains promising in 2018: Aon
By Insurance24
HARARE, Aon has reported that the risk settlement market presents many attractive opportunities for re/insurers in 2018, with the strong pricing seen in 2017 expected to continue throughout the coming year.
The projection was part of Aon’s ‘Risk Settlement Market 2018’ report, which analyzed 2017’s market trends and generated
Zimnat Life Assurance targets civil servant and private sector in low cost life cover
By Insurance24
HARARE, Insurer, Zimnat Life Assurance has unveiled a low cost cover, the Zimnat Security Plan targeted at government employees and private sector. Upon registering for the plan, the first month will be free.
“In the event of your passing on, your family will get a cash payout of $10 000,” says
Marsh combines Middle East and Africa businesses
HARARE, Global leader in insurance broking and innovative risk management solutions Marsh, which has also presence in Zimbabwe, has unified its operations in Africa and the Middle East under the leadership of a new regional CEO.
The restructure comes after recent reports that the global broker is planning to reduce layers of management in a bid to
Industrial index gains 1.14% in mid-week session…Insurer’s miss out
By insurance24
HARARE, Turnover on the Zimbabwe Stock Exchange (ZSE) stood at $1.86 mln at the close of mid-week session with the All Share Index up a marginal 0.99 points on the back of a 3.4 points gain in the Industrial Index.
Block trades in BATZ and Econet carried the day in a session that had strong bids that were left
Online services, a growth opportunity for brokerage in Africa
By Insurance24
HARARE, Electronic platforms today provide an opportunity for development for the sector of intermediation, according to a survey carried out by audit company, KPMG.
The profile and needs of the insured have changed. Insurance brokers and agents are, more than ever, required to follow those changes, rethink their products,
ZSE turnover closes at $1.94 mln as appetite for Insurers remain low
By Insurance24
HARARE, Trading activity on the Zimbabwe Stock Exchange (ZSE) improved on Tuesday largely on decent trades in Econet, NMBZ and Seedco. NMBZ saw a total 2.7 mln shares exchanging hands at 11c.
The Group recorded an after tax profit of $9.93 mln in 2017 compared to an after tax profit of $5.05 mln in 2016 according to
Businesses turning blind eye to severe weather-related risks
By Insurance24
HARARE, Brooding over storm-related business interruption losses won’t get you anywhere. But building business continuity plans to prevent those losses raining down will get your commercial clients a long way.
In its latest Risk Index survey, The Travelers Companies,