ICZ newsletter October 2021

Dear reader, please find attached the Insurance Council of Zimbabwe (ICZ) October 2021 newsletter. Happy reading…ICZ NEWSLETTER

FROM THE EDITORS DESK

RINGISAI BATIYA…..Marketing & PR Manager – ICZ

The short-term insurance sector continues to show resilience despite the harsh economic conditions that have prevailed over the past decade and exacerbated by the devasting effects of the Covid-19

Read more

ZB Holdings insurance earnings surge

ZB Holdings insurance earnings surge

Staff writer

ZB Holdings Limited Net insurance related earnings rose from ZW$0.116bn in 2020 to ZW$0.239 billion in 2021, on the back of a favourable claims experience.

This was despite a 29.8% decline in total income to $2,9 billion from ZW$4.128 billion for the period to 30 June 2020.

ZB group CE Shepherd Fungura said gross premiums increased by 18.4% from ZW$0.592

Read more

FMHL to leverage on diverse business portfolio

FMHL to leverage on diverse business portfolio

Staff writer

First Mutual Holdings limited says it will continue to leverage on its diverse business portfolio, strategic partnerships, as well as its regional footprint to sustain a positive growth trajectory in the future.

This is coming at a time  the group  capacitated its insurance subsidiary in Mozambique, Diamond Seguros, to meet regulatory capital

Read more

Zimnat launches Motor Vehicle Assessment Centre

Zimnat launches Motor Vehicle Assessment Centre

Staff Writer

HARARE, Zimnat General Insurance last Thursday launched its first Motor Vehicle Assessment Centre with a head turning simulation of an accident along Leopold Takawira Street in Harare, opposite Parirenyatwa Hospital.

The centre has been established so that its clients no longer have to look for quotations when submitting a motor vehicle insurance

Read more

FBC Insurance focuses on product development

FBC Insurance focuses on product development

Staff Writer

FBC Holdings Limited says its insurance business has remained focused on product development and penetrating new market segment despite the operating environment which has negatively affected the uptake of insurance products.

In its HY2021 results the group said it had accorded special focus on micro insurance.FBC group chairperson

Read more

ZB Life Assurance launches enhanced cash funeral plan 

ZB Life Assurance launches enhanced cash funeral plan 

ZB Life Assurance, a subsidiary of ZB Financial Holdings, has launched an enhanced ZB Cash Funeral Plan to provide post-burial benefits to the policyholder, in addition to the cash benefits that assist with the financing of funeral and burial costs.

The enhanced product will help bereaved families to cope with post-burial expenses that are often

Read more

Cassava Smartech Insurtech business grows

Cassava Smartech Insurtech business grows

Staff Reporter

HARARE, Cassava Smartech’s Insurtech business continues to grow in the positive territory buoyed by writing new short term and life insurance policies as it grows the customer base for all insurance products.

“New products and alternative payment channels were introduced leading to a doubling of our short-term insurance customers,” the

Read more

Arrival of ETFs – Are Pension Funds in Luck?

Arrival of ETFs – Are Pension Funds in Luck?

In recent years active investment management has come under more scrutiny than ever before. The reason is clear – of late, most active managers, particularly those focused on large-cap stocks, have struggled to beat their benchmarks.

Picking stocks is hard, picking other people to pick stocks for you is even harder – and this is the daily challenge

Read more

ZHL seek to strengthen Credsure

ZHL seek to strengthen Credsure

Staff Reporter

ZIMRE Holdings says it is targeting to grow Credsure market share and business through onboarding more underwriting management agency (UMA) with dynamic impact and strategies to acquire business that complements innovative customer propositions.

The group, after losing NicozDiamond to First Mutual Holdings is seeking to return to short term insurance through

Read more