Home News

News

Fidelity PAT halved in 2016 on high claims

Fidelity Life Assurance of Zimbabwe profit after tax for the year ended December 2016 dipped to $2,3 million from $5,1 million recorded in the previous year, as the business continues to be affected by...

NSSA raises stakes in NicozDiamond

THE National Social Security Authority has raised its stake in insurance group, NicozDiamond Insurance Limited to 50,9 percent after a mandatory oer to minority shareholders which closed last week. Before the mandatory oer, which closed on April...

IPEC partners IDBZ in housing projects

THE Insurance and Pension Commission has partnered the Infrastructure Development Bank of Zimbabwe in developing low cost housing projects across the country. These housing projects are supported by the insurance industry under the Insurance and Pension Housing...

Insurance firms urged to cover agric sector

BY Dickson Mangena ZIMBABWE’S insurance companies should spread their services beyond urban areas to cover rural agricultural communities and upcoming businesses who are also contributing to the growth of the economy, an official has said. Speaking during the...

Six things you did not know about Householders Insurance

BY Donald Chidoori It is often a nightmare for people when thieves get away with your valuables, and you lodge a police report in the hope that the police will nab the culprits and recover...

It costs just 20 cents per day to insure a house worth US$40, 000

In Zimbabwe, the word INSURANCE, normally sends shivers down the spines of many, who think that it is a monster, others think it’s for the affluent while others think it’s just a luxury and...

Insurance companies struggling to meet minimum capital requirements

Call for government to review new capital requirements Call for IPEC to extend the deadline The government recently reviewed the minimum capital requirements for short-term insurers and funeral assurers from US$1,5 million to US$2,5...

Shiri/Inyoni Funeral Plan changing women’s lives

BY Tafadzwa Chidoori Shiri/Inyoni Funeral Plan has brought relief to women who do not have professional qualifications and are finding it hard to get jobs. Juliet Ajara, a Doves Independent Partner says that the Shiri/Inyoni Funeral...

Zim company expands into SA

BY Lovemore Zigara,  DIVERSIFIED services entity Golden Knot Group has spread its wings into South Africa where it intends to capture the market of Zimbabweans living in the neighbouring country. It is estimated that there are over...

Get closer to communities, insurance firms urged

BY Sukulwenkosi Dube-Matutu,  INSURANCE companies should open branches in rural communities to broaden their business and increase national savings. Insurance and Pension Commission (IPEC) head of prudential services, Mr Pupurai Togarepi, said this at the offcial opening of a...
Bitnami