Boost sets reinsurance panel to cover InsurTech partners
Compiled by Insurance24
HARARE, Boost Insurance has set in place a reinsurance facility led by Nephila Capital and backed by Markel Digital and RenaissanceRe to support the InsurTech launch platform it has created, The Insurance Insider understands.
The arrangement secures a key element needed by New York-based Boost to begin helping InsurTech
Insurers share activity remain low…Ipec commissioner reportedly suspended
By Insurance24
HARARE, Insures listed on the Zimbabwe Stock Exchange (ZSE) continue to witness none or minimal activity on their shares except for Old Mutual which registers activity almost every trading day.
On Thursday, of all the insurance stocks, OM was the only one in activity. Others, ZHL, Fidelity, who released their
Three critical components of a cyber policy
Compiled by Insurance24
HARARE, Modern cyber policies provide coverage against a vast array of digital hazards. As hackers change tactics, insurance companies are forced to evolve in order to make sure insureds are protected against emerging risks.
Although cyber criminals seem to be one step ahead of the authorities, leading cyber insurance companies are
Zimpost targets insurance business growth as it unveils insurance products
By Insurance24
HARARE, Postal services giant, Zimpost is set to unveil insurance products under the banner Post Insurance as the company seeks to diversify its product portfolio and take advantage of the thriving insurance sector.
In an interview acting managing director, Sifundo Moyo confirmed the development saying that Post
Compiled by Insurance24
HARARE, Insurers must adapt to the new digital environment and provide customers with the same degree of customisation they receive in other industries. This requires the traditional insurance model to make way for strategies that incorporate a lifestyle-centric approach, says Stuart Blyth, director at SilverBridge.
With pressure coming from more agile insurtechs, insurers
Restructuring and cost realignment pays off for ZHL in 2017
Insurance24
Harare, In 2016, Zimre Holdings embarked upon a restructuring exercise and adopted various cost re-alignment initiatives, resultantly that mirrors Group a strong performance achieved for the year ended 31 December 2017.
As part of the restructuring, the Group realigned assets to focus of the reinsurance and property business and
Willis and Marsh brokers to launch M&A intermediary
Compiled by Insurance24
HARARE, Three London market M&A insurance brokers have resigned from their respective firms to establish a boutique brokerage specialising in transactional risk, this publication has learned.
Alan Hands, placement leader at Marsh’s UK transactional risk team, and two Willis Towers Watson brokers, Clemens Kueppers
Fidelity Life Assurance premiums dip as new business drives Vanguard Life Assurance
By Insurance24
HARARE, Fidelity Life Assurance of Zimbabwe group gross insurance premiums for 2017 at $14.24 mln were 7% lower than $15.38 mln in 2016 largely on shrinkage of the business by the anchor company.
Fidelity’s 2017 financial year was characterized by a restructuring exercise that was aimed at re-positioning
Insurance Bill still awaits promulgation into law….Insurer Old Mutual led risers on Thursday’s session
By Insurance24
HARARE, Insurance and Pensions Commission says the proposed Insurance Bill is still awaiting promulgation into law upon which the Commission will commence enforcing some of the new regulations.
The proposed Insurance Bill is set to harmonize the Insurance and Pensions Commission
Compiled by Insurance24
HARARE, A new report based on US Bureau of Labor statistics has found that most motor vehicle accidents involving company cars occur during the personal time of employee drivers.
Specifically, the report said that 60% of company car accidents happen during an employee’s personal time, while the remaining 40% of collisions were work-related.
CarData Consultants, a provider