Funeral Assurers net premium up 11% in Q3 2017, as only 3 firms meet the $2.5 mln minimum capital requirement

Funeral Assurers net premium up 11% in Q3 2017, as only 3 firms meet the $2.5 mln minimum capital requirement

By Insurance24

HARARE, Net Premium Written for Funeral Assurers for the quarter ended 30 September 2017 (Q3) grew 11% to $125.36 million compared to same period last year, the Insurance and Pensions Commission (Ipec) says in its quarterly report.

Life assurers accounted for 76.24 percent of

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Road Accident Funds in perpetual losses, hence not sustanable: IPEC

Road Accident Funds in perpetual losses, hence not sustanable: IPEC

By Insurance24

HARARE, Road Accident Funds worldwide are in perpetual losses since they are in most cases not adequately funded, the Insurance and Pensions Commission (IPEC) has said.

Last year Zimbabwe through the Ministry of Transport and Infrastructure Development mooted establishment of a road accident fund as a mechanism to pool

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Zim can leverage on insurance and pensions to promote savings culture: Ngwerume

Zim can leverage on insurance and pensions to promote savings culture: Ngwerume

Nelson Gahadza

HARARE, Zimbabwe in its quest to promote economic growth through savings can leverage on the ability of the insurance and pensions sector mobilize savings which have other the years financed various key projects in the economy.

Currently, the Central Bank has a running  7% RBZ Savings Bond seek to

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IPEC Commissioner officially opens second insurance mentoring programme for Journalists

IPEC Commissioner officially opens second insurance mentoring programme for Journalists

By Insurance24

HARARE, Insurance and Pensions Commissioner (IPEC) Tendai Karonga has officially opened the second insurance mentoring programme for journalists being hosted by the ZimSelector in partnership with the regulator.

A total 20 journalists will for the next 12 months go through the mentorship programme

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Product Profile — Minerva Risk Advisors—My Health

Low cost Hospital Assist Plans – My Health/ Utano Hwangu/ Impilo Yami

For as little as $3 per month you can protect your employees’ health with our low cost plan offering hospital bill payment, funeral cash benefit and a health savings wallet.

  • Employees can get $50 paid daily directly to the hospital from 48 hours after admission to assist with medical expenses and In the event of death,
  • $500 funeral benefit paid within 48 hours of submission of a burial order.
  • This also comes with an excellent savings scheme which allows your employees to save from as little as $1 per month to put towards medical benefits, and to use as a savings scheme which can be accessed after 12 months with a guaranteed return on amount invested.

 

NB/ for more and bookings for your product review space , send email to [email protected]

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Minerva Reinsurance is the market’s leading

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Increased exports to boost uptake of Export Credit Insurance: CZI

Increased exports to boost uptake of Export Credit Insurance: CZI

By Insurance24

HARARE, The manufacturing sector is optimistic on increased uptake of the Export Credit Insurance as the sector anticipates growth in exports.

The Export Credit Guarantee Corporation (PVT) Ltd, (ECGC), a wholly owned subsidiary of the Reserve Bank of Zimbabwe and a duly registered short term insurer.

The company provides

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Deposit Insurance Payments reaches $3.2 mln as at December 2017: MPS

Deposit Insurance Payments reaches $3.2 mln as at December 2017: MPS

By Insurance24

HARARE, Deposit Insurance Payments for failed contributory banks stood at $3.2 mln as at December 2017, which represents 50% of the total exposure of $6.4 mln.

According to the Monetary Policy Statement by the Reserve Bank Governor John Mangudya, a total 11,744 out of 54,909 depositors by n umber had been compensated

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Insurers shun crypto currencies cover, as Zimbabwean Bitcoin investor risk losing huge

Insurers shun crypto currencies cover, as Zimbabwean Bitcoin investor risk losing huge

Insurance24

HARARE, Zimbabwean Bitcoin investors who have no insurance cover over the currency risk losing their hard earned cash as over $100 billion was wiped off globally in less than 24 hours last week.

The Reserve Bank of Zimbabwe (RBZ) has warned the public against investing in cryptocurrencies such as Bitcoin,

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Domestic Credit Insurance can boost credit sales: ECGC

Domestic Credit Insurance can boost credit sales: ECGC

Insurance24

HARARE, Local manufacturing companies have potential to boost sales locally through the Domestic Credit Insurance offered by the Export Credit Guarantee Corporation (PVT) Ltd, (ECGC) which enables companies to sell on credit.

As a result of increased defaults, several companies adopted cash selling models, restricting credit facilities

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Errant insurers reap off unsuspecting tobacco farmers

Errant insurers reap off unsuspecting tobacco farmers

Insurance24

HARARE, Some Insurance companies are shortchanging tobacco farmers by entering into informal agreements with sales floor workers to sign them up without their consent, Insurance 24 has learnt.

A survey done by insurance 24 shows that over the years a number of tobacco farmers have been paying for insurance services  which they did not

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