Staff Writer
FBC Holdings says its insurance subsidiaries are trading profitably, despite the challenging operating environment, and expects the trend to continue during the second half of the year.
The group’s insurance units are FBC Reinsurance Limited and Eagle Insurance Company Limited. The group also has FBC Reinsurance Botswana, which specialises in providing reinsurance solutions and risk
Staff Reporter
Old Mutual Limited says higher shareholder portfolio profits in the Zimbabwean business were main contributors to the group’s headline earnings for the quarter to June 30, 2024 relative to adjusted headline earnings (AHE).
In a trading statement, ahead of publishing its half year financials, the group however, excluded the Zimbabwe profits from adjusted headline earnings (AHE), saying
Staff Writer
HARARE, ZB Financial Holdings (ZB) says its insurance unit ZB Life Assurance is working on a new retail insurance system to replace the old Premia system, and the project is expected to be finalised in FY2024.
The unit posted a profit of ZiG333.579 million in the half year to June 30, 2024, compared to ZiG632,489 billion in 2023, and total assets increased in real terms from ZiG752,995
Enacy Mapakame
Correspondent
HARARE, As technological advances continue to enable businesses to optimise their operations, these same businesses are now experiencing “headaches” in the form of cybersecurity threats.
So prevalent is the threat that it creates scope for heightened calls to businesses to invest in cybersecurity insurance with haste.
Speaking at the recently held Insurance Institute
Staff Writer
Champions Insurance Company tops the list of most complaints received from policyholders against the short-term industry, with unsatisfactory service being the major source of complaints.
Accounting for 22 percent of the total complaints, Champions is followed by Credsure (11%), and FBC Insurance Company (11%), with the three having a combined percentage of 44% of the total complaints
Staff Writer
Nyaradzo Life Assurance Company continued to dominate the life sector in terms of insurance revenue with 40,1% of the market share, driven by funeral assurance business as the major source of revenue.
The Life company also had a market share of 33 percent of the total foreign currency denominated business written by the life assurance sector, thus indicating the dominance of funeral products
Staff Writer
Zimre Holdings Limited (ZHL), a Pan-African investment group, has made three new executive appointments as part of ongoing efforts to reenergize the group’s brands.
The new appointments are effective July 1, 2024.
“These strategic appointments are part of our ongoing efforts to reenergize the Group’s brands and align with our commitment to drive innovation, enhance customer experience,
Staff Writer
Econet Wireless Zimbabwe says synergies between its digital insurance platforms and mobile money ecosystem continue to drive increased adoption and cross-selling opportunities.
The group’s insurance business falls under the Financial Technology (Fintech) segment anchored by the mobile money business.
The segment in the quarter to May 31, 2024 delivered a strong performance driven primarily
Staff Writer
CABS tonight celebrated 75 years of existence in Zimbabwe where it has displayed unwavering commitments to the country, economy and communities.It is a story of resilience.
“As we look to the future, we are ready to redefine the boundaries of what’s possible in the financial services industry guided by our co-values, focus on delivering exceptional customer experience and
Staff Writer
HARARE: The Insurance and Pensions Commission (IPEC) has approved Mimosa Pension Fund’s pre-2009 compensation scheme after it complied with all the requirements of Statutory Instrument 162 of 2023 (pre-2009 pension compensation regulations).
In a statement, Ipec said the approval paves the way for the fund to commence the compensation exercise.
“Once a compensation scheme is approved,