NicozDiamond GPW in massive growth

NicozDiamond GPW in massive growth

Staff Reporter

HARARE, Short term insurer, NicozDiamond says gross premium written (GPW) in 2020 grew by 669 percent to $2,07 billion driven by new business and revaluation of insurance portfolios in response to inflationary pressure, resulting in net earned premium growth of 680 percent.

Chairman Elisha Moyo said the group had an investment profit of $13,3 million

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Nyaradzo to raise US$20 million for special purpose company Sahwira Agriculture

Nyaradzo to raise US$20 million for special purpose company Sahwira Agriculture

Staff Reporter

HARARE, Nyaradzo Life Assurance intends to raise a maximum of US$20 million through the issuance of a combination of Inflation Indexed Notes and Preference Shares during a five (5) year issuance window through its special purpose company Sahwira Agriculture (Pvt) Ltd for financing crop production for the

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The evolution towards continuous underwriting

The evolution towards continuous underwriting

One of the next-generation practices that insurers are looking to adopt to further differentiate themselves and add value to the customer experience is that of continuous underwriting. Essentially, this equips them with the means to collect meaningful data from a variety of sources before, during, and after the risk evaluation timeframe. It therefore

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Fidelity Life moves to de-risk from Zim Market

Fidelity Life moves to de-risk from Zim Market

Staff writer

HARARE, Fidelity Life Assurance says its strong balance sheet and diversified income streams provide offsetting stability and growth while its ability to de-risk from Zimbabwe by actively seeking opportunities in the region and beyond will also play a major role in prospects for the coming year.

While the board chair person Fungai Ruwende

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FMHL gross premium written up 2% to $5,9 billion in 2020

FMHL gross premium written up 2% to $5,9 billion in 2020

Staff Reporter

HARARE, First Mutual Holdings (FMHL) gross premium written (“GPW”) for 2020 grew two percent to $5,9 billion as a result of organic growth on the existing portfolio and the continuous revaluation of insurance policy values in line with inflation to ensure clients had adequate cover.

Rental income for the year also amounted

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ZBF Holdings gross insurance premiums up 7% in Q1, 2021

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

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CABS/ European Investment bank unveil EUR 15 million covid resilience facility

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

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Old Mutual ETF now highest dematerialized counter

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

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Old Mutual Zimbabwe fungibility suspension extended to 2022

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

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 Waica Re Zim looks beyond traditional asset classes

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

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