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
How a possible IPO could impact the insurance industry
By Insurance24
HARARE, R3, a blockchain-software company that works with more than 200 heavyweights such as Intel Corp., Microsoft Corp., US Bancorp and Wells Fargo & Co., is considering going public, a decision that could have a diverse array of implications for insurance firms and other companies in the finance sector.
The company is speaking
By Insurance24
HARARE, Cryptocurrencies like bitcoin have become all the rage with people viewing them either as an investment opportunity or a bubble waiting to burst. However, the technology on which these are built, the blockchain, holds significant promise for insurance. Jonathan Jardim, senior software developer at SilverBridge Holdings, takes a closer look.
The blockchain is a digitised, decentralised,
Econet enters the Short term (non-life) insurance space…urged to play fair with competitors
By Insurance24
HARARE, As at 31 December 2017, there were 20 Short Term (Non-Life) companies registered by the regulator, the Insurance and Pensions Commission (Ipec). Business was dominated by companies who had strong capital positions. For instance, during 2017, Old Mutual Insurance Company, Nicoz Diamond
IPEC warns public on engaging unregistered individuals and organizations
By Insurance24
HARARE, Insurance and pensions regulator, The Insurance and Pensions Commission (Ipec) has warned the public against engaging individuals and organisations purporting to be insurance or pensions experts as most of these people are not qualified and registered as financial advisers.
In a statement Ipec said the
By Insurance24
HARARE, Businesses are struggling to make progress with their digital transformation process – and insurance is playing catch-up with other industries, according to a new report.
New research from global consulting firm Capgemini has found that only a minority of businesses feel they have the digital and leadership capabilities to make digital transformation a success. Just 39% of
Life Assurance not only about death…But are investments and pensions too: ZIMNAT COO
By Insurance24
HARARE, Life assurance is largely associated with death and benefit accrued thereof. However, one is bound to think so, as a life insurance contract is defined as a contract in which: benefit may be payable on or following the death of the policyholder; or benefit(s) may be payable provided the
By Insurance24
HARARE, One of the primary pain points in daily operations for agencies and carriers is password management. In the past, an independent agent writing business with 15 different carrier partners had to obtain and manage 15 different usernames or passwords in order to connect with those carrier sites.
The ID Federation believes the time agencies spend managing credentials for carriers,
Nyaradzo Life Assurance unveils Sahwira International Plan (SIP), set up Service Centre in the United Kingdom
By Insurance24
HARARE, Diversified insurance group, Nyaradzo Life Assurance Company has unveiled a pioneer product, the Sahwira International Plan (SIP) targeted at Zimbabweans living in the diaspora.
Currently, more than 3 million Zimbabweans are in the diaspora with bulk of them in South
Is this the perfect modern-age insurance model?
Compiled by Insurance24
HARARE, In the heart of London’s historic insurance district and nestled in the shade of the iconic Lloyd’s building lies the office of CFC Underwriting – a bright and busy space home to more than 200 staff selling commercial insuranceproducts to thousands of businesses in over 75 countries.
Backed by Lloyd’s,