Tax bill causes surge in small business optimism and new insurance needs
By Insurance24
HARARE, The tax reform bill passed by Congress in December 2017 has caused a wave of optimism and positivity among small business owners in the US. Many are eagerly anticipating the 20% net business income deduction which will enable them to inject more funds into business investment.
A recent poll of 2,700
Insurance broker’s earnings increase 81.22%, as Minerva Risk Solutions gross 19.90% of net brokerage commission
By Insurance24
HARARE, Insurance brokers earned $1.4 mln during the quarter ended 30 September 2017, which translate to an 81.22% increase from $77 000 same period in 2016 and this was driven by a 10.01% increase in other income for the quarter.
During the period, there were 32 insurance
CBZ Holdings insurance units in 5.2% income contribution, both units profitable in 2017
By Insurance24
HARARE, CBZ Holdings insurance units made a 5.2% income contribution to group’s total income which amounted to $175 mln in 2017, a 10% increase from $159 mln in 2016.
The Group’s insurance units, CBZ Life and CBZ Insurance were both profitable during the year and the underwriting income was at
Is insurtech moving to the mainstream?
By Insurance24
HARARE, Insurtech could be moving more towards the mainstream of the industry, an expert has said.
Laura Kalomiris, director of operations at Trov, said that one of the big trends she saw in insurtech over the course of 2017 was its move toward the mainstream as more businesses looked to jump into the innovative technology.
“A lot of new industries
Executive Summary: Short Term (Non-Life) Insurance Report for Quarter ended 30 September 2017
By Insurance24
HARARE, The non-life industry continued to experience environmental as well as other sector-specific challenges. Underlined by the bull-run on the stock market and product innovations, however, the sector showed signs of resilience and above-inflation growth rates in both premium income and
CABS looks up to ‘parent’ Old Mutual to introduce more affordable schemes
By Insurance24
HARARE, Central African Building Society, (CABS) says it is looking up to Old Mutual to introduce more Insurance schemes aligned to the on-going economic hardships as uptake of its schemes have remained subdued over the past few years.
Cabs offers both long term and short term insurance. Cabs MD Simon Hammond
Short term insurance industry carried own cross…Low appetite for insurers on ZSE…Nssa pokes private pension schemes
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) reversed Monday’s losses to close in the positive on Tuesday but in a rather quiet session. Insures were quite with activity limited only to Old Mutual which traded flat at 542c. Other sector players ZHL, Fidelity,
Sanlam Emerging Markets in resilient operational performance in 2017
By Insurance24
HARARE, The Sanlam Group performance for the year ended 31 December 2017 reflects a resilient operational performance with substantial growth in Sanlam Emerging Markets and Sanlam Investments.
In 2015 Sanlam, the South African group entered the Zimbabwean market by acquiring a 40% stake in Masawara Plc. Sanlam therefore
Global insurance M&A may be returning to form after slowdown
By Insurance24
HARARE, Global insurance mergers and acquisitions may be returning to form after a two-year decline, according to a new report.
There were 350 completed mergers and acquisitions in the global insurance sector in 2017, according to a new report from global law firm Clyde & Co. That’s down from 387 in 2016 – but the
Private sector to compensate loss of value suffered by policy holders and pensioners during ZW/USDollar conversion….Life Assurance sector gross premium increase 4% in Q3
By Insurance24
HARARE, The Commission of Inquiry that looked into the conversion of insurance and pension values from the Zimbabwe dollar to the United States Dollar has concluded that it is of the view that a fair and just compensation