FINANCIAL SERVICES

Life assurance profits down 63% in Q3

ZIMBABWE'S life assurance industry recorded 68 % decline in after tax profits to $314,85 million in the nine months to September 2018 compared to $979,27 million during the same period in 2017, the in...

By Staff reporter | Published: 08 January 2019
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FINANCIAL SERVICES

Life assurance sector assets rise to $2,5bn

ASSETS in the life insurance industry have grown by 68 percent to $2, 52 billion in the past four years to 2017 on the back of a bull run experienced last year.Figures from the Insurance and Pension C...

By Staff reporter | Published: 27 June 2018
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BUSINESS NEWS

Lifeline for funeral assurance firms

The Insurance and Pension Commission has thrown a lifeline to funeral assurance firms failing to meet the $2,5 million minimum capital requirements by allowing struggling entities to comply with the r...

By Staff reporter | Published: 06 April 2018
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FINANCIAL SERVICES

Demand for funeral assurance high

The funeral assurance industry saw its gross written premiums jump 13 percent to $80.3 million in the first half of 2017 compared to the same period last year as demand for its services remain high, t...

By Staff reporter | Published: 18 October 2017
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FINANCIAL SERVICES

Fidelity Life Assurance appoints substantive CEO

Diversified financial services group Fidelity Life Assurance of Zimbabwe has appointed Mr Rueben Java as its substantive chief executive effective October 1, 2017.Mr Java, who is also the current chai...

By Staff reporter | Published: 27 September 2017
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BUSINESS NEWS

Funeral assurance industry net profit up 56%

The funeral assurance sector registered a 56 percent growth in net profit to $2,54 million for the year ended March 2016 as claims dropped, the industry regulator said on Monday.Insurance and Pensions...

By Staff reporter | Published: 01 August 2017
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FINANCIAL SERVICES

IPEC focuses on funeral assurance companies

The Insurance and Pension Commission has come up with a micro-insurance framework which provides for less stringent registration requirements as the commission works on reducing unregistered funeral a...

By Staff reporter | Published: 31 July 2017
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FINANCIAL SERVICES

Life assurance firms record 34% growth

Life assurance companies in Zimbabwe recorded a healthy 34 percent growth in gross premiums written for the year to December 31 2013, according to the latest report released by the Insurance and Pensi...

By Staff reporter | Published: 10 April 2014
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FINANCIAL SERVICES

ZB Life Assurance accused of fraud

ZB Life Assurance is embroiled in a messy wrangle with a group of policyholders, who are demanding their premiums back citing misrepresentation on the benefits of the insurance product. There are abou...

By Staff reporter | Published: 13 September 2013
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