Staff Writer
ZB Financial Holdings (ZBHF) says insurance service result for the year to December 31, 2023 fell by 486 percent from a deficit of $26,127 billion in 2022 to a deficit of $153,235 billion in 2023.
This was largely as a result of an increase of 327 percent in insurance service expenses to $377,642 billion from $88,407 billion in 2022.
The group in its financials said its insurance units
Staff Writer
Climate change has become the greatest threat to humankind and sustainability; hence, significant efforts and priorities should be made in the discussion of the insurance industry to play a pivotal role in building climate resilience.
Albert Nduna, the Insurance and Pensions Commission (IPEC) Board chairperson speaking at the ZEP-RE (PTA Reinsurance Company)’s 33rd Annual General
Staff Writer
The Eight2Five Innovation Hub, powered by Old Mutual has launched the 2024 edition of the Value Creation Challenge (VCC4), which is an innovative incubation programme that aims to bolster innovation and entrepreneurship in Zimbabwe.
Staff Writer
Fidelity Life Assurance (FLA) says its continues to improve products for the policyholders and enhance them in response to evolving policyholder expectations as well as conditions obtaining in the environment.
Group chairman Livingston Gwata says creativity and innovation were also extended to the choice of the company’s markets and investments as it sought to create and preserve value
Staff Writer
Zimre Holdings (ZHL) strategy remains anchored on delivering a strong cash wallet through driving a cost-effective insurance float and increasing the contribution from regional investments.
The group will also continue to consolidate on its experience and dynamism and enhance market share acquisition through innovations.
“In regional operations, this will be done by upscaling their balance
Staff Writer
A local actuarial consulting firm ,Invent Multiple Agencies and actuaries has launched a credit insurance product for Zimbabwe bound exports from South Africa.
Trade credit insurance protects businesses against commercial customers’ inability to pay for goods or services.
In a statement, Invent said the insurance product will be issued by Asset Finance Insurance South Africa(AFI) .
Invent
CABS commits to support productive sectors and financial literacy
Staff Writer
CABS, a member of the Old Mutual Group, received US$110 million lines of credit in 2023 from AfreximBank and the Trade and Development Bank for on-lending to key economic sectors of the economy such as agriculture, mining, energy, and manufacturing.
The Bank, in its 2023 annual report, said it remains
AFC Insurance affirms its role in driving agricultural solutions
Staff Writer
AFC Insurance Company, together with AfC Land and Development Bank and AFC Leasing Company, are expected to continue providing accessible solutions to the agricultural sector as part of AFC Holdings’ business continuity and growth plan.
This comes as the group says it has continued to implement the plan, including
Breaking the glass ceiling:Chinyuku and Patsika Excell in Nairobi’s Angaza Awards
Staff writer
EMERITUS Re, Head of Reassurance at Emeritus Reinsurance, Clementine Chinyuku, and Managing Director at Zibuko Capital, Nonceba Patsika, have been recognised by Nairobi’s Angaza Awards as women to watch in Africa’s financial services sector and will be celebrated at the Angaza forum slated for
CIMAS has evolved over the years: Ruzema
Staff Writer
CIMAS says it has managed to grow into a medical-integrated organisation whose purpose is to inspire communities by providing local health and wellness solutions.
Cimas sales manager Taurai Ruzema, presenting at the just-ended EMCOZ business indaba last week, said CIMAS is not just a medical aid but is also into self-provision as well as wellness