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Insurance sales boost Old Mutual H1 revenue 11pct to $139,7mln

HARARE,– Old Mutual Zimbabwe registered an 11 percent jump in total revenue to $139,7 million in the six months to June 30, driven by a 60 percent surge in non-life sales. Old Mutual is an...

Zimbabwe: IIZ Annual Winter School On Next Week

This year's winter school will be headlined by the IIZ president and Ruvimbo Funeral Assurance CEO Dr Edward Gomba. Other speakers are First Mutual Holdings group marketing and strategy executive Ms Farayi Mangwende who will...

Most Zimbabweans not insured

HARARE - Zimbabwean insurance companies have been urged to come up with new products aimed at capturing at least 9,1 million people who are not insured. Finance ministry director Judith Rusike said insurance sector firms...

Zim insurance services ‘elitist’, need re- modelling

Leonard Ncube and Hazel Hweta: INSURANCE companies should repackage their products to make them affordable to low income earners who constitute the bulk of the population and cannot afford expensive policies currently on the...

Zim to formalise micro­insurance firms

ZIMBABWE is working on a framework to regulate and formalise operations of micro­insurance firms targeting low income earners, the Insurance and Pensions Commission said. Micro­insurance has been identified as a critical instrument for delivering...

IPEC engages Govt over pension remittance

A number of companies are not remitting deductions meant for pension fund contributions, putting into jeopardy workers retirement benefits. This has raised fears some of the funds could be directed to areas which they...

Tepid economy hits pensions: Report

ZIMBABWE’S tepid economy has seen most companies delaying pension remittances resulting in arrears amounting to 73% of total contributions in the full-year to December 2015, an insurance sector report says. By Bernard Mpofu The country’s insurance...

IPEC fines non-compliant companies

Harare Bureau: THE Commissioner of Insurance and Pensions has started penalising pension funds and insurance companies that failed to comply with prescribed asset ratio requirements as at December 31, 2015. In July 2014, the Ministry...

IPEC fights insurance fraud

Golden Sibanda: THE Insurance and Pension Commission is working with the insurance firms to put tamper proof features on cover notes to deter fraud. This comes as a significant number of people have lost money and...

Nicoz seeks new investor

HARARE: ­ Zimbabwe's largest short­term insurance firm, NicozDiamond (Nicoz), is seeking a new investor following the collapse of recent capital­raising initiatives. Nicoz company secretary Gloria Zaravanhu yesterday said discussions on the transaction contemplated by the...
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