ZBF Holdings gross insurance premiums up 7% in Q1, 2021
Staff Reporter
HARARE, ZB Financial Holdings group gross insurance premiums increased by 7% with the related insurance expenses reducing by 11 percent between first quarter 2021 and first quarter 2020.
ZB Holdings insurance units include ZB Life and ZB Re and the group has over the years been looking at setting up offshore insurance services.
“The
CABS/ European Investment bank unveil EUR 15 million covid resilience facility
Staff Reporter
HARARE, THE European Investment Bank (EIB) has agreed to support EUR 15 million of new long term financing for entrepreneurs and businesses across Zimbabwe in cooperation with the leading local bank CABS.
The first ever partnership between the European Investment Bank, the world’s largest international
Old Mutual ETF now highest dematerialized counter
Staff Reporter
HARARE,
THE Old Mutual Zimbabwe Stock Exchange Top Ten Index Exchange Traded Fund (ETF) that was listed on the local bourse in January 2021, is now the highest dematerialized counter at 100 percent.
Chengetedzai Depository Company (CDC), in a Central Securities Depository (CSD) update for February 2021, said the average dematerialization
Old Mutual Zimbabwe fungibility suspension extended to 2022
Staff Writer
HARARE, The suspension Old Mutual Zimbabwe shares fungibility together with PPC has been extended by another year to 2022, as government is still considering findings of a probe it commissioned on the dual listed companies.
In a latest extra ordinary Government Gazette, Finance Minister Mthuli Ncube said the suspension will run
Waica Re Zim looks beyond traditional asset classes
Staff Reporter
HARARE, Waica Re Zimbabwe says it is now looking beyond traditional asset classes for investment and is now eyeing the funeral sector as a possible market, Insurance24 has learnt.
Currently, Waica Re is invested heavily in property which ranks first on its portfolio at 40% followed by Agriculture at 27% .
Waica RE CE Wilberforce
Private sector covid 19 vaccines procurement advanced
Staff Writer
CIMAS Medical Aid Society, which plays a role of health advisor and programme manager to the private sector COVID-19 vaccination programme says the move has reached advanced stage, hence members should confirm their orders.
In a member bulletin the Society’s Chief Executive Officer Vulindlela Ndlovu advised members to confirm
NMB Bank’s digital innovation disrupts banking landscape
HARARE, NMB Bank has launched a Virtual Branch on their digital platforms, enabling customers to carry out all cash transactions online, including paperless multi-currency cash deposits and withdrawals, Dstv and Zimra cash payments, in a move set to disrupt the country’s banking landscape.
The enhanced NMBConnect platform also allows anyone
Intelligent automation providing fresh opportunities for customer-centricity in insurance
By Staff Reporter
HARARE, The global intelligent process automation (IA) market is expected to
Minerva implores clients to adhere to lockdown regulations to avoid claims disputes
Staff Writer
HARARE, Minerva Risk Solutions has implored its clients to adhere to lockdown regulations, in particular curfew hours, to avoid possibility of disputes with insurers in the unfortunate event of an accident occurring outside curfew hours.
Sisami Wadi, the general manager, said although the insurance contracts
Old Mutual ZSE Top Ten ETF now on ZSE Direct
Staff Writer
HARARE, The Old Mutual ZSE Top Ten ETF is now available through ZSE Direct, the Zimbabwe Stock Exchange Limited, has said.
The platform – ZSE Direct – has a user-friendly interface; whose main advantage is its ability to match trades.