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 must play a ...
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 market. This was said ...
Agents & Brokers Claims Commercial Lines Home Life Insurance Markets News Personal Lines Workers Compensation

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 are not meant for ...
Agents & Brokers Commercial Lines Companies Home Life Insurance Markets News Regulation

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 of Finance and ...
Commercial Lines Companies Home News People Personal Lines

HARARE ­ Short­term insurer Nicoz Diamond (Nicoz) says it has completed the first phase of its Hatfield Diamond Villas cluster houses with the units now on the market for rental purposes. Nicoz managing director Grace Muradzikwa recently told ...
Agents & Brokers Commercial Lines Companies Home Loss Control News Regulation

Enacy Mapakame: THE prevailing weather conditions that are being induced by the El Nino will likely eat into the earnings of local crop insurers. Local crop insurance business generate an average of $6 million from the business. It ...
Claims Commercial Lines Home Life Insurance Markets News Regulation

Enacy Mapakame and Livingstone Marufu A FORENSIC audit of Fidelity Life Assurance’s financial statements that started in April has been extended to August amid indications the auditors — KPMG Accountants — are keen to investigate suspended MD Mr ...
Accident Agents & Brokers Auto Claims Commercial Lines Health Home Life Insurance Motor News Personal Lines Regulation

Insurance as a business is largely divided into two broad categories: short-term and long-term. The first is technically called indemnity or property insurance, while the second is non-indemnity or life insurance. Short-term is so-called because the contract hardly ...
Agents & Brokers Commercial Lines Companies Home Life Insurance Markets News

Livingstone Marufu Business Reporter FIDELITY Life Assurance, buoyed by the runaway success of its housing projects in Harare South, is now angling to increase its land bank for business and office stands as management feels this will better ...