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HARARE, The Insurance and Pensions Commission (IPEC) is targeting the insurance penetration ratio to at least 4% by end of 2018 from the current 3.6% largely on the back of new socio-political dispensation driven economic growth. IPEC Commissioner ...
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Markets News

ZimRe Holdings Limited (ZHL) made a profit of nearly $2 million after it finally sold its 30,03 percent stake in insurance firm, NicozDiamond to the state controlled pension fund, the National Social Security Authority (NSSA). ZHL had earlier ...
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Markets Money News

Foreign buyers are making a comeback on the Zimbabwe Stock Exchange (ZSE) in December, with particular interest in Old Mutual plc shares and take positions as the group breaks its vast financial empire into four strategic units. After ...
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Markets News

Old Mutual is breaking itself apart as it is likely to be worth more dead than alive, explains Sky business presenter Ian King. by Ian King Whoever heard of a chief executive making himself redundant? Yet that is ...
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Alternative Markets International Markets News

By Charlotte O’Connoll Protectionism in Africa’s insurance markets may backfire and actually restrict market development, according to a new report from AM Best. It said an open and competitive reinsurance market is vital for risk-transfer and market development. Salman ...
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Markets News Regulation

Zimbabwe identifies microinsurance as a critical instrument for delivering  effective and efficient insurance services and products as well as promoting financial inclusion. However, “there is a long way to go for the insurance industry,” says renowned microinsurance expert Ayandev ...
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Markets News

Zimre Holdings Limited (ZHL) has published a withdrawal of its cautionary statement published on the 16th of August 2017 stating that negotiations over the disposal of certain assets held by the company have been curtailed by the ongoing market developments ...
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Markets News

The National University of Science and Technology (NUST) has announced that it is now offering two programmes in micro-insurance. The University is offering a one year Advanced Certificate in Microinsurance (ACEMI) and a Certificate of Proficiency in Microinsurance ...
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Commercial Lines Commercial P & C Health Home Life Insurance Marine Markets Motor News Office P & C People Personal Lines

By Kuda Pembere The inaugural National Customer Satisfaction Index (CSI) 2017, conducted by Select Research and the Contact Centre Association of Zimbabwe, found that the majority of Zimbabwean customers are satisfied with the services offered by insurers, as ...
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Markets News Workers Compensation

Golden Sibanda RECENT observation by Insurance and Pension Commission on investments into properties, should nudge fund managers to think about whether they are creating optimal value for pensioners. The remarks by IPEC commissioner Tendai Karonga, corroborate what Finance ...
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