Road Accident Funds in perpetual losses, hence not sustanable: IPEC
By Insurance24
HARARE, Road Accident Funds worldwide are in perpetual losses since they are in most cases not adequately funded, the Insurance and Pensions Commission (IPEC) has said.
Last year Zimbabwe through the Ministry of Transport and Infrastructure Development mooted establishment of a road accident fund as a mechanism to pool
The immense value of a ‘strong partnership’…Facebook Settles Shareholders’ Claims Over 2012 IPO
By Insurance24
HARARE, Insurers and brokers are under more pressure than ever before to demonstrate value in an increasingly digitized and direct industry. Value comes in various shapes and sizes. It could be in the form of ‘above and beyond’ claims adjusting, expert risk management, or
ZSE gains boost Insurance sector asset base
By Insurance24
HARARE, Total Assets for the Insurance industry reached $3.19 billion as at September 2017 compared to $1.91 billion same period in 2016 largely driven by gains on the Zimbabwe Stock Exchange (ZSE) as investors sought safe haven in the wake of risk exposure of the bond notes.
Market capitalization for the local bourse reached as high as $15
Zim can leverage on insurance and pensions to promote savings culture: Ngwerume
Nelson Gahadza
HARARE, Zimbabwe in its quest to promote economic growth through savings can leverage on the ability of the insurance and pensions sector mobilize savings which have other the years financed various key projects in the economy.
Currently, the Central Bank has a running 7% RBZ Savings Bond seek to
IPEC Commissioner officially opens second insurance mentoring programme for Journalists
By Insurance24
HARARE, Insurance and Pensions Commissioner (IPEC) Tendai Karonga has officially opened the second insurance mentoring programme for journalists being hosted by the ZimSelector in partnership with the regulator.
A total 20 journalists will for the next 12 months go through the mentorship programme
Underestimate Cyber Risks Which Could Prove ‘Fatal’: Allianz Report
By Insurance24
Small- and medium-sized enterprises are waking up to the realities of cyber risks but still underestimate their exposures, which could prove catastrophic for some, according to a report published by Allianz Global Corporate & Specialty (AGCS).
For medium-sized companies with annual revenues between €250 million
ZB Insurance hedge high risky regional business offshore: CEO, as cash funeral cover enjoys positive uptake
By Insurance24
HARARE, ZB Financial Holdings says risky regional business is placed offshore to ensure ability to settle claims in the region as foreign payments challenges continue to impact several businesses in the country.
“In terms of claims, for the region, we look at our risk and retrocede
Low appetite for Insurers shares ahead of inaugural Youth Day Holiday tomorrow
By Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) rebounded in Tuesday’s session to register marginal gains as it continued to trade sideways. For insurers, appetite towards their shares was low, only confined to Old Mutual which traded flat at 5.30c.
Other insurers, ZHL, Fidelity, FMHL and NicozDiamond did not
Why insurance buyers aren’t seeing more insurtech options
By Insurance24
“Customer inertia” is driving insurtech firms to partner alongside traditional players, perhaps explaining why more new entrants haven’t emerged.
The insurance technology business is now receiving more than $2bn annually, as of 2017. Nevertheless, for commercial insurance buyers there is a lack of new entrants displacing
Deloitte report says it’s time insurers ‘expand their value proposition’
By Insurance24
HARARE, Middle market commercial insurers are under more pressure than ever to stay competitive in an increasingly cost-conscious, commoditized and fickle market environment.
According to the Deloitte Middle Market Insurance Consumer Survey released this week, insurers and brokers targeting the