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African Trade Insurance Agency officially open for business in Zimbabwe

NAIROBI - At a press conference, the CEO of the African Trade Insurance Agency (ATI) (www.ATI-aca.org), George Otieno, along with H.E. Dina Mufti, the Ethiopian Ambassador and Gabriel Negatu, Regional Director, African Development Bank...

Regional Expansion: Mixed Fortunes for Insurers

Insurance companies have had mixed fortunes in their efforts to invest in the regional market. Prior to dollarisation and the multi-currency regime Zimbabwean companies were pushed to invest into the regional market in order to spread risk...

Insurance firms struggle to meet requirements

HARARE ­ Credit Insurance Zimbabwe (Credsure) and Sanctuary Insurance Company (Sanctuary), have failed to meet the $1,5 million minimum threshold during the first half of this year due to deteriorating economic conditions, an Insurance and Pensions...

NICOZ Diamond records 52% operating profit

NICOZ Diamond Insurance Limited group recorded a 52% jump in operating profit to $1,86 million due to 15% savings on operating expenses and top line growth in their first half results for the year. BY...
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Workers take over THI Insurance

The changes in the shareholding structure have seen David Birch assuming the chairmanship of the board to provide policy direction to the insurer. Birch has spent 35 years at THI, while managing director, Hamish MacLean...

Zim in Bid to Improve Funeral Assurance Business

By Melody Mashaire Gweru — ZIMBABWE is in the process of reviewing three Acts under the administration of Insurance and Pension Fund Commission in order to improve funeral assurance businesses in the country. Addressing delegates at...

Risk Management – How retailers can benefit by forming a captive insurance company

Consumer spending, the lifeblood of the retail industry, is depressed in today’s business climate. Job growth is anaemic, and revenue projections are difficult, at best.   There is no question that globally, the financial services industry,...

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...
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