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
Category: Breaking news
20Apr
Falling behind with cyber risk could be catastrophic
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,
19Apr
ZSE All Share Index firm after a day’s break
ZSE All Share Index firm after a day’s break
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) resumed on Thursday after a day’s break yesterday owing to an Independence day holiday. The All Share Index gained 1.48% to close at 94.61 on the back of gains in Delta, Econet and Padenga. The industrial index surged 1.49% to close at 316.85.
Market turnover was reasonable at $1.78
19Apr
NSSA on-boards CSD as Business Partner….Insurer, First Mutual Dematerialization Ratio at 91%
NSSA on-boards CSD as Business Partner….Insurer, First Mutual Dematerialization Ratio at 91%
By Insurance24
HARARE, The National Social Security Authority (NSSA) has became the first self-administered pension fund to be on-boarded as a Central Securities Depository (CSD) Business Partner.
The CSD Business Partner product is targeted at self-administered pension funds and other qualifying organizations
19Apr
What to expect from a modern cyber policy…Nigeria ranks low in insurance penetration in Africa
What to expect from a modern cyber policy
Compiled by Insurance24
HARARE, With hacking incidents continuing to occur with increased regularity, cyber is one of the hottest topics in the insurance industry. High profile breaches have helped boost an already burgeoning market space and insurers are scrambling to launch modern policies that have the potential to be scaled up.
As a result of the growth
17Apr
ZSE firmer ahead of 38th Independence anniversary….Reinsurance capital continues to creep upwards
ZSE firmer ahead of 38th Independence anniversary….Insurers inactive
By Insurance24
HARARE, Ahead of the 38th Zimbabwe’s independence anniversary tomorrow, the All Share index gained a further 2.81% to close at 93.23 buoyed by gains in three heavy weight counters Old Mutual, Delta and Econet.
As a result, turnover was at $1.81 mln as the market traded on a form note amid strong demand.
The market
17Apr
Brokers say some Banc assures and agents shortchanging consumers on rights to choice
Brokers say some Banc assures and agents shortchanging consumers on rights to choice
Nelson Gahadza
HARARE, The Insurance Brokers Association of Zimbabwe (IBAZ) says conditional selling of insurance being practiced by some banks goes against consumer rights to choice, as clients should be given an option to choose insurance brokers of their choice when they are being given loans.
IBAZ in a statement
17Apr
Marsh Develops Commercial Blockchain Solution for Proof of Insurance
Marsh Develops Commercial Blockchain Solution for Proof of Insurance
Compiled by Insurance24
HARARE, Marsh announced it is collaborating with IBM, ACORD and its client, ISN, to develop a commercial blockchain solution for proof of insurance.
By using block chain, or distributed ledger technology, Marsh said the certificate of insurance process will be transformed “from complicated and manual to streamlined
16Apr
Only three counters trade on Monday as Govt gazettes pension and health scheme for informal sector
Only three counters trade on Monday as Govt gazettes pension and health scheme for informal sector
By Insurance24
HARARE, Insurer, Old Mutual was among the only three counters that traded on Monday as the week opened on a low note with turnover at $550,535. Other insurers, ZHL, Fidelity Life Assurance, FMHL and Nicozdiamond witnessed no activity with rest of the market.
Apart from Old Mutual, activity
16Apr
Investment banks line-up to dismantle insurer’s global empire…..Home insurance companies are overcharging 13 million households, finds research
Investment banks line-up to dismantle insurer’s global empire
Compiled by Insurance24
HARARE, Investment banks are lining up to manage potential divestments by Anbang Insurance Group Co., the once-acquisitive Chinese insurer that snapped up assets around the world before being seized by the government.
Officials from Anbang and the Chinese banking and insurance regulator are interviewing advisers