Premier Medical Aid Society moves to consolidate turnaround strategy
By Insurance24
HARARE, Premier Service Medical Aid Society (PSMAS) as part of monitoring its turnaround strategy will conduct a customer satisfaction survey throughout the country to identify gaps in its service delivery.
PSMAS is the country’s oldest medical aid mutual society and following years of mismanagement among other challenges,
ZB Insurance hedge high risky regional business offshore: CEO, as cash funeral cover enjoys positive uptake
By Insurance24
HARARE, ZB Financial Holdings says risky regional business is placed offshore to ensure ability to settle claims in the region as foreign payments challenges continue to impact several businesses in the country.
“In terms of claims, for the region, we look at our risk and retrocede
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