NSSA revenue in marginal decline in 2017, but profit in massive jump
By Insurance24
HARARE, The National Social Security Authority (NSSA) revenue for 2017 declined a marginal one percent to $349 mln largeley as a result of declining contributions and premiums as registered employers number declined due to company closures.
Despite that, NSSA, profit for the year significantly went up to $149 million
Econet enters the Short term (non-life) insurance space…urged to play fair with competitors
By Insurance24
HARARE, As at 31 December 2017, there were 20 Short Term (Non-Life) companies registered by the regulator, the Insurance and Pensions Commission (Ipec). Business was dominated by companies who had strong capital positions. For instance, during 2017, Old Mutual Insurance Company, Nicoz Diamond
Life Assurance not only about death…But are investments and pensions too: ZIMNAT COO
By Insurance24
HARARE, Life assurance is largely associated with death and benefit accrued thereof. However, one is bound to think so, as a life insurance contract is defined as a contract in which: benefit may be payable on or following the death of the policyholder; or benefit(s) may be payable provided the
Nyaradzo Life Assurance unveils Sahwira International Plan (SIP), set up Service Centre in the United Kingdom
By Insurance24
HARARE, Diversified insurance group, Nyaradzo Life Assurance Company has unveiled a pioneer product, the Sahwira International Plan (SIP) targeted at Zimbabweans living in the diaspora.
Currently, more than 3 million Zimbabweans are in the diaspora with bulk of them in South
Zimpost launch low cost cash funeral plan…underwritten by First Mutual Life Assurance Company
By Insurance24
HARARE, Zimbabwe Posta (Zimpost) has unveiled a low cost funeral product known as PostLife Funeral Cash Plan which offers a cash benefit upon death of an insured person. The product is underwritten by First Mutual Life Assurance Company.
At the launch, Zimpost acting managing director
ZB Holdings insurance units in contrasting profit positions during five months 2018
By Insurance24
HARARE, ZB Financial Holdings life assurance business ZB Life Assurance premiums for the five months to May 2018 increased 22% to $5.3 mln compared to $4.3 mln same period in 2017, which resulted in improved profitability.
Group chief executive officer Ron Mutandagayi in a trading update
IPEC/Industry players take insurance awareness to Gweru as Zimbabwe joins rest of world in commemorating Insurance awareness day
By Insurance24 – Statement by Lloyd Gumbo- IPEC Public Relations Officer
HARARE, As the Insurance and Pensions Commission and the insurance industry in Zimbabwe, we join the rest of the world in commemorating the Insurance Awareness Day.
Insurance Awareness Day is observed
Re-branded Emeritus Re Zimbabwe lifts ZHL in five months to May 2018
By Insurance24
HARARE – Zimre Holdings Limited gross written premium for the five months to May 2018 increased 9% to $14.4 mln largely driven by rebranded Emeritus Re Zimbabwe.
Chief executive officer Stan Kudenga told shareholders yesterday that Emeritus Re Zimbabwe is now profitable and continues to grow.
On other hand, restructured
Ipec to accredit auditing firms to disclose malpractices
HARARE – The Insurance and Pensions Commission (Ipec) is working towards accrediting companies that audit the insurance market in order to bring an obligation for disclosure of some key matters that are often left out.
The Commission’s Head of Pensions Josphat Kakwere told an ICAZ/IPEC seminar Tuesday that the accreditation is akin
South Africa’s Liberty Health to strengthen partnership with FBC Insurance
By Insurance24
HARARE , South Africa’s medical health insurer, Liberty Health has said that it is bullish about the Zimbabwean market and is looking at further developing its partnership with FBC Insurance. FBC Insurance is the underwriter of Liberty Blue Health Cover Zimbabwe.
Liberty Health Divisional Director Katy