Insurers should balance benefits and effects of data sharing
Staff Reporter
As insurance companies embrace the use of digital data, they must remain cognisant of balancing its benefits and effects by ensuring that clients are comfortable either with use of the data or sharing such data, Insurance 24 has learnt.
This was said by Emeritus Re Head Reassurance and Underwriting, Clementine Chinyuku during
VFEX launch imminent as it gets licence
Staff Reporter
The Securities and Exchange Commission of Zimbabwe (SecZim) has licensed the Victoria Falls Stock Exchange Limited (“VFEX”), paving way for its planned opening.
This is in accordance with the Securities and Exchange Act, Chapter 24:25. VFEX which shall be a foreign currency denominated platform is a subsidiary of the Zimbabwe Stock
Low micro-insurance uptake trends still worrying
Staff Reporter
HARARE, Deteriorating disposable incomes fueled by the current economic status as well as lack of innovation have become the major obstacles in the uptake of micro insurance in Zimbabwe at a time the industry is struggling with confidence issues.
Micro insurance is a mechanism to protect low income people against risk, such as accident,
Regional markets boost Emeritus
Staff reporter
HARARE, Successful consolidation and claw back of participation on key group life business accounts and USD denominated business from the external market saw Emeritus ending the 5 months to May 2020 on a strong footing.
In a trading update, Zimre holdings, said despite the exchange rate distortions that fueled increases in claims, the claims ratio of
Mtasa steps down from FMHL after 10 year tenure
Staff Writer
FIRST Mutual Holdings (FMHL) has made board changes with the resignation of Oliver Mtasa from the group’s chairmanship effective 07 August 2020, having completed his term of office.
The group in a statement noted that this was in line with the principles of good governance that require periodic rotation of directors and board revitalization.
Cassava Fintech and Liquid Telecom Group partner to launch Sasai Wi-Fi Finder in Zimbabwe
Service to accelerate digital and financial inclusion in Africa
London, England, August 6, 2020 – Cassava Fintech International (CFI) and Liquid Telecom Group (LTG) have announced the launch of the Sasai Wi-Fi Finder, a potential game-changer in driving digital and financial inclusion in Africa. The service,
FMHL on solid footing despite covid 19
Staff Reporter
HARARE, First Mutual Holding Limited (FMHL) says it will continue as a going concern despite the ugly face of the covid 19 pandemic which has diminished the short term growth prospects of the economy and the Group.
The group however says the evolving nature of the pandemic will require continuous monitoring and assessment to establish the impact
ZSE resumes trading but trades in negative territory
Staff Writer
HARARE, Zimbabwe Stock Exchange resumed trading on Monday after a month long suspension and as was expected, the main indices closed in the red as the market opened sellers only.
Turnover was also quite subdued although this is only temporary as the majority of fund managers are liquid following the release of almost $300 million of
ZHL’s acquisition of ZPI still work in progress, as the group postpones AGM
Staff Writer
ZIMRE Holdings has advised that the pending 100% acquisition of Zimre Property Investments transaction is still work in progress, and the full impact on shares is still to be determined.
“While the full impact of these negotiations, if successful, is still being determined, the Transaction may have a material
Old Mutual remain suspended as ZSE resumes 03 August
Staff writer
HARARE, The Zimbabwe stock exchange saga has now sucked in brokers, asset managers and share market investors as the Financial Intelligence Unit concludes investigations on the alleged malpractice on the bourse.
Finance minister Mthuli Ncube said the ZSE will resume trading on the 3rd of August