Investment property/Equities boost pension’s industry asset base
Staff Reporter
HARARE, The pensions’ industry’s asset base increased by 175,8% to ZW$16,41 billion ( in nominal terms) in the FY December 2019 from ZW$5,95 billion as at 31 December 2018 to $16,41 billion as at 31 December 2019 although it has declined in real term to USD$ 0,98 billion in real terms during the same period.
The growth
Zimnat introduces courtesy car and new claims process
HARARE, Zimnat General Insurance recently launched a new motor claims process and a towing and courtesy car service to make life as easy and stress-free as possible for its comprehensive motor insurance policyholders if they are involved in a road accident.
“Being involved in an accident is quite traumatic. We want to help our clients and relieve
CBZ Insurance to grow on new strategy
Staff Reporter
CBZ Holdings says it sees growth in the group’s insurance business going forward hinging on new strategies the group is implementing, Insurance 24 has learnt.
The group board chairperson Marc Holtzman last week said the growth of insurance is positive leveraging on the fact that insurance penetration rate is only 2%.
“We have our insurance business
First Mutual Health reviews contributions to cushion against shortfalls
HARARE, First Mutual Health — a subsidiary of First Mutual Holdings that offers medical aid insurance schemes has reviewed corporate member contributions upwards effective January 1, 2020.
The company offers medical insurance schemes through packages that range from general medical to more comprehensive private medical cover
CBZ reintroduces international travel insurance: PRODUCT REVIEW
HARARE, CBZ Insurance recently unveiled its international travel insurance set to benefit policy holders on matters of personal safety, baggage damage and other unforeseen financial losses going away for trips.
The programme covers business or recreational travellers.
Under the insurance initiative, CBZ Insurance undertakes to ensure those
FMHL makes move at subsidiary level
Staff Reporter
HARARE, Insurance group, First Mutual Holdings Limited has advised of a potential transaction through one of its subsidiary which may have an impact on the group’s share price.
In a statement, FMHL, said caution should be excised when dealing with the company’s share until a full announcement is made.
“Shareholders are advised that
Fidelity Life still pursuing capital restructure
Staff Writer
HARARE, Fidelity Life Assurance has negotiations to restructure its capital structure through issuance of shares by way of a rights offer are still ongoing.
The company in a statement said, “further to the cautionary announcement dated 22 July 2019, and
subsequent updates on 27 August, 23 September, 14 October, 04 November, 25
Zimnat brings relief to Zimbabweans living abroad and locally
HARARE, Zimnat Life Assurance announced a funeral plan, Kwedu/Ngekhaya, for Zimbabweans living outside Zimbabwe that enables them to be buried back home in Zimbabwe, with pay‑outs guaranteed in United States dollars or South African rands.
Moreover they can include members of their family back in Zimbabwe on their policy, ensuring that
Cassava’s insurtech business in growth trend
Staff Reporter
HARARE, Cassava’s insurtech business has been trading on an upward trend with a 17% growth recorded in life policies in the nine months to November 2019.
In a third quarter report, the group company also said the short-term insurance business recorded a significant growth at 5,050% compared to same period last year.
“The
Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy
HARARE, SilverBridge has entered into a contract with The Hollard Life Company to implement the Exergy cloud-based policy administration system for the Hollard Partner Solutions business, a division of the well-known South African insurer.
“Our organisation has worked with the Hollard group for