ZB Insurance profitable in 2017 on improved product penetration
By Insurance24
HARARE, ZB Financial Holdings net earnings for the insurance business for the year ended 31 December 2017 increased 9% to $9.6 mln compared to $8.8 mln in 2016 on the back of improved product penetration in the life assurance business and a flat outturn on expenses.
During the period, gross insurance premium income amounted
Masiyiwa’s return inspires Econet, as only Old Mutual trade for insurers
By Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) closed the on a rather quiet session where activity was limited to only 13 counters. Big trades in BATZ, Old Mutual and a block trade in Econet carried the day.
Econet saw a total 2,708,915 shares exchanging ownership at 70c, after gain 0.25c from previous trading price.
Masiyiwa’s return inspires Econet, as only Old Mutual trade for insurers
By Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) closed the on a rather quiet session where activity was limited to only 13 counters. Big trades in BATZ, Old Mutual and a block trade in Econet carried the day.
Econet saw a total 2,708,915 shares exchanging ownership at 70c, after gain 0.25c from previous trading price.
FMHL targets 81% shareholding in Nicozdiamond by year end.. to launch micro-insurance products
By Insurance24
HARARE, First Mutual Holdings Limited (FMHL) says is optimistic of having 81% controlling stake of short term insurer NicozDiamond.
Group chief executive officer Doug Hoto in an interview said the acquisition transaction is on course and going through a pace it should.
“Its currently underway,
Peace of mind for NSSA pensioners
By Insurance24
HARARE, The National Social Security Authority (NSSA)’s monthly contributions are pegged equally at 3.5% for employee and employer with the maximum pensionable income set at $700.
This according to NSSA implies that the maximum amount an individual can pay to NSSA is currently $24.50 per month.
“We appreciated the role employees and employers play
ZSE closes in red amid improved activity
Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) market continued to trade southwards on Tuesday amid improved activity. As a result, turnover was solid at $2.8mln on the back of block trades in Delta, OM and Seedco.
The All Share Index retreated 0.09 points on the back of a 0.32 points loss in the Industrial Index. The Mining Index closed flat with RioZim
Nyaradzo Funeral Assurance partners SilverBridge partners – Press Release
Insurance24
HARARE, The Nyaradzo Life Assurance Company has contracted SilverBridge to provide it with a cloud-based system for managing various product portfolios including life and pension policies as the Zimbabwean insurer looks to expand on its existing service offering in the market.
“Following an extensive tender process
Nyaradzo Funeral Assurance partners SilverBridge partners – Press Release
Insurance24
HARARE, The Nyaradzo Life Assurance Company has contracted SilverBridge to provide it with a cloud-based system for managing various product portfolios including life and pension policies as the Zimbabwean insurer looks to expand on its existing service offering in the market.
“Following an extensive tender process
Old Mutual in marginal gain as ZHL trade flat
By Insurance24
HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) opened on a subdued note with the All Share Index down 0.02 points on the back of a 2.23 points drop in the Mining Index.
Turnover was down at $890,000 from $3.45 mln at the close of trading last Friday. In today’s session, good trades were limited to Delta, OKZim, Old Mutual and SeedCo
Nation without the savings culture has no capacity to look after its senior citizens: CBZ Insurance
By Insurance24
HARARE, CBZ Insurance Managing Director Nobert Mureriwa has said insurance continues to play an important role as a gap of fulfilling the country’s savings, thus a nation without the savings culture will have no capacity to look after its senior citizens.
Last week, CBZ Insurance introduced