The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confi...
Global Credit Rating (GCR) has revised Zimnat General Insurance's national scale financial strength rating to A+(zw) Stable Outlook, from its previous rating of A-(zw).The financial strength rating (f...
Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...
The government says it will raise tollgate fees within weeks.Transport Minister Joel Matiza says the increase in tollgate fees, currently RTGS$2 for small vehicles, RTGS$3 for minibuses, RTGS$4 for bu...
Businesses in the insurance industry that fail or delay paying out claims of admitted liabilities under any policies risk having their operating licences cancelled as stipulated at law, according to t...
FINANCE Minister Mthuli Ncube says government has reviewed upwards the minimum prescribed asset thresholds for the insurance and pension industry which were introduced in 2010 in order to improve reso...
ZIMBABWE Stock Exchange-listed First Mutual Holdings Limited (FMHL) will establish a reinsurance holding company in Botswana as it moves to restructure its business and maximise on initiatives to rais...
THE Insurance and Pensions Commission (Ipec) says Zimbabwe's insurance penetration rate is much higher than the figures reported by PricewaterhouseCoopers (PwC), which ranked the industry fifth in Afr...
Standards Association for Zimbabwe (SAZ)'s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers.Speaking a...
Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...
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...
The Insurance and Pensions Commission (IPEC) is targeting insurance penetration to reach 7 percent by 2022 compared to the current 4,7 percent on the back of an anticipated economic growth. Zimbabwe r...
The Insurance and Pensions Commission (Ipec) has granted Econet's request to register an insurance firm, Econet Insurance Limited, fulfilling the company's long-standing ambition of becoming an integr...
A former employee of Regal Insurance company is in hot soup after he allegedly fleeced 16 motorists of nearly $1 000 by selling them fake passenger vehicle insurance policies. Munyaradzi Mhlanga (24) ...
CELL Insurance Group is planning to open two additional health facilities before year-end as part of efforts to spread its reach across the country, The Financial Gazette has reported.Addressing deleg...
Players in the local insurance industry will in three years' time be required to adopt a new version of the International Financial Reporting Standard 17 issued by the IASB. The new rules are expected...
Newly-resettled farmers continue to shun insurance products despite efforts by government and the corporate sector to provide cheaper programmes targeting the agriculture sector, industry experts have...
THE proposed Insurance Crime Bureau in Zimbabwe must have the power to speedily prosecute cases brought before it because insurance fraud has been on the rise due to economic decay, analysts have said...
With the Zimbabwean economy opening up and new possibilities for trade emerging, Zimnat has established a specialist division offering trade credit insurance to cover the risk of payment default that ...
Zimbabwe is set to establish an independent insurance crimes unit to fight rising fraud claims amounting to $165 million annually in the country.Over the past few years Zimbabwe has witnessed an incre...
Zimre Holdings Limited (ZHL) is consolidating its reinsurance operations under Emeritus Reinsurance International, as it seeks to innovatively grow its market share and profitability.The rebranding, w...
Zimbabwe's insurance sector is set for a rebound following rising investor confidence in the country after the inauguration of a new government late last year, market experts have said.The southern Af...
Zimbabwe's insurance sector is set for a rebound following rising investor confidence in the country after the inauguration of a new government late last year, market experts have said. The southern A...
LEADING telecommunications company, Econet Wireless Zimbabwe has ventured into car insurance business to provide road traffic accident cover and comprehensive cover for vehicles.The firm said its insu...
Details:Shareholders are advised that First Mutual Holdings Limited ("FMHL") has received regulatory approval for the acquisition of the entire issued share capital of NicozDiamond Insurance Limited (...