Funeral Assurers struggle to comply with prescribed asset ratio

Funeral Assurers struggle to comply with prescribed asset ratio

Staff Reporter

Funeral Assurers compliance with prescribed assets declined by 50% in the half year ended June 30 2020 to 0, 02% from 0, 04% comparable period last year.

The funeral assurers are expected to comply with the minimum prescribed asset ratio of 10.00% as stipulated by Statutory Instrument 206 of 2019.

Insurance and Pensions Commission

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ZSE launches online trading platform: ZSE Direct

ZSE launches online trading platform: ZSE Direct

Staff Reporter

The Zimbabwe Stock Exchange Limited (“ZSE”) has launched “ZSE Direct”, a  new  platform,  specifically  designed  for  the  retail investor, aiming to provide retail investors with a smart way to manage their ZSE investments and  view  their  CSD  holdings remotely.
ZSE  Direct  will  complement  the platforms

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CBZ Holdings capitalizes insurance unit

CBZ Holdings capitalizes insurance unit

Staff Writer

CBZ Holdings says it has availed appropriate funding to its insurance unit, CBZ Insurance, to regulise the unit’s compliance with the regulatory minimum capital requirement.

As at Q1, 2020, the insurance unit, together with Redsphere Finance were among the group’s subsidiaries which had regulatory capital shortfalls.

“During the period, group’s

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Insurers, government respond to bus crash accident

Insurers, government respond to bus crash accident

HARARE, The Insurance Council of Zimbabwe together with the Civil Protection Directorate is working on the assistance to be rendered to families of the 47 victims of Wednesday’s bus accident.

Forty-seven people — 45 adults and two children — were killed, while 70 others were injured when two buses collided head-on at the 166-kilometre peg along

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Masawara winds up from London Stock Exchange AIM market

Masawara winds up on AIM market

Insurance24 

HARARE, Masawara PLc last day of dealings in its Ordinary Shares on the London Stock Exchange (AIM) will be 6 February 2018 and this follows approval of all resolutions on the proposed de-listing at a GM meeting held last Friday as the investment group seeks to pursue private equity funds to grow its various businesses.

Masawara whose current investments

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Vehicle insurance: Who’s the regular driver of your car and why it matters

 Vehicle insurance: Who’s the regular driver of your car and why it matters

 

(Wheels24) – So often vehicle insurance, life policies or even educational policies are taken out to secure our future. Yet, so many customers do not read the fine print. It is absolutely imperative that those long-paged documents are actually read and understood.

It’s a situation many of us are all too familiar with. You choose to upgrade your car and pass on your existing one to a child

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