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Third party insurance premiums rise 20 pc

Livingstone Marufu THIRD party insurance premiums for motor vehicles have been hiked by 20 percent to $36 per term from $30 last year for light vehicles, while premiums paid by commuter omnibuses have been revised...

African insurance: A giant awakens

WHEN KPMG, the advisory company, held its inaugural East Africa Insurance Conference in February, organisers were surprised that more than 100 industry participants attended. James Norman, KPMG’s regional insurance head, was equally enthused when a...

LEGAL MATTERS: Motor vehicle insurance and the law

Tichawana Nyahuma and Enard Chiguvu The Sunday Mail The main principle underlying property or indemnity insurance is to put the insured into the position he would have been had the insured thing not been damaged or...

Errant insurance, pension firms in the firing line

THE commission of inquiry appointed by Government last year to look into the potential prejudice suffered by pensioners and policyholders through the conversion of values from the Zimbabwean dollar to the United States dollar...

FAKE INSURANCE POLICIES FLOOD ZIM

Fake motor vehicle insurance policies have flooded the country with millions of dollars being lost to fraudsters, Transport minister Joram Gumbo has said. Gumbo, in a ministerial statement to the National Assembly on Thursday, said...

Heritage Insurance suspended

HARARE ­ Zimbabwe’s insurance regulator has suspended short­term insurance firm, Heritage, from issuing or renewing policies due to poor financial position. The Insurance and Pension Commission (Ipec) yesterday said it will provide the market with...
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