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,
Election sentiment slowly filtering into market.. ZSE weaker in weeks opener.. Insurers remain inactive
By Insurance24
Harare, Insurers listed on the Zimbabwe Stock Exchange (ZSE) were largely in the same mode with the market which was characterized by limited activity across the counters during the week’s opening session.
Only Old Mutual traded with a total 28.250 shares exchanging hands in a market
How Predictive Analytics Boost Commercial Insurance Profits, Smooth Cycles
By Insurance24
HARARE, The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best says in a report.
“Underwriting cycles have been impacted by the quicker determination of underwriting, pricing and claims trends and
FEMA to Issue First Catastrophe Bond for Flood Insurance Program
By Insurance24
HARARE, In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through issuance of a catastrophe bond.
FEMA began purchasing private reinsurance in 2017 and recovered $1.042 billion
ZSE turnover closes at $1.8 mln on Thursday as Insurers miss in action except for OM only
By Insurance24
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,
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
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:
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
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