ZSE turnover closes at $1.8 mln on Thursday as Insurers miss in action except for OM only
By Insurance24
Category: Breaking news
4Apr
Old Mutual lines up two new power projects…Asset Management unit increases stake in Nampak
Old Mutual lines up two new power projects…Asset Management unit increases stake in Nampak
By Insurance24
HARARE, Financial services group and insurance giant Old Mutual Zimbabwe has lined up two new power projects much similar to the commissioned 1.6 MW Kupinga mini-hydro in Manicaland province.
The Kupinga project was commissioned last year at an investment of $5.8 mln into the project.
Meanwhile,
3Apr
FBC Re sees growth in demand for cyber risk cover
FBC Re sees growth in demand for cyber risk cover
By Insurance24
HARARE, FBC Holdings says demand for cyber risk cover through its reinsurance unit FBC Re has increased significantly since inception in 2015 as more business and individuals have realized risk associated with the digital world.
Group chief executive officer John Mushayavanhu told Insurance24 at sidelines of its results FY17 presentation
3Apr
When will machines take over insurance jobs?
When will machines take over insurance jobs?
By Insurance24
HARARE, A report on artificial intelligence and automation from AllianzGlobal Corporate & Specialty (AGCS) has made predictions about when and how machines will take over jobs.
“The potential substitution of many low- and middle-income jobs could bring extensive unemployment,” according to the “The Rise of Artificial Intelligence:
29Mar
Over 2 million covered by micro-insurance products: IPEC
Over 2 million covered by micro-insurance products: IPEC
By Insurance24
HARARE, Over 2 mln Zimbabweans are subscribed to various micro-insurance products being offered largely as a result of their affordability. Several life assurers and health insurers have over the past 2 years developed micro-insurance products that range from as little as 50 cents.
Nhau Chivingira of the Insurance and Pensions
29Mar
FBC Re Mauritius commence operations, as FBC Insurance GPW increases on Liberty health insurance
FBC Re Mauritius commence operations, as FBC Insurance GPW increases on Liberty health insurance
By Insurance24
Harare, FBC Holdings says has finalized the setting up of FBC Reinsurance Mauritius with the new unit expected to commence operations before end the first half of 2018.
The unit will be 100% owned by FBC Reinsurance Ltd. Chief executive officer John Mushayavanhu at the company’s announcement
29Mar
New platform uncovers cyber exposures with the help of data,,,
New platform uncovers cyber exposures with the help of data
By Insurance24
HARARE, It’s hard to imagine a time when cyber risk wasn’t on the minds of insurers and their clients, but as hack attacks evolve in scope and sophistication, it’s getting harder to turn a blind eye to cyber threats.
“Twelve to 18 months ago, catastrophic
27Mar
Old Mutual scales up drought insurance cover for small holder farmers
Old Mutual scales up drought insurance cover for small holder farmers
By Insurance24
HARARE, Zimbabwe’s largest integrated financial services group, Old Mutual says will during the 2018/19 agricultural scale up the drought insurance cover for small holder farmers having successfully piloted the product during the last two seasons.
The product was in partnership with Blue Marble Micro Insurance,
27Mar
Capital levels should be directly related to level of risk: ICZ
Capital levels should be directly related to level of risk: ICZ
By Insurance24
HARARE, Insurance industry is expecting an improved outcome in 2018 on the back of the new political and economic order but says a risk based approach regarding regulatory capital should be in place.
The Insurance sector had been affected by economic hardships which have affected payments of claims while on the other hand
26Mar
Government re-looks at another National Reinsurance Company after ZHL exit
Government re-looks at another National Reinsurance Company after ZHL exit
By Insurance24
HARARE, Government is re-looking at the creation of and supporting a National Reinsurance Company with a legal cession status as in other regional countries but insurance companies are still expected to play a developmental role in communities they operate.
Cession refers to the portions of the obligations in