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
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
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
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
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
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
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
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
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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