FINANCIAL SERVICES

Insurers reel from chaos

INSURANCE companies are reeling from the mayhem on the country's roads caused by reduced police presence amid revelations of a sharp increase in loss ratios of vehicles being mostly used as illegal ta...

By Staff reporter | Published: 15 July 2018

BUSINESS NEWS

Police absence headache for insurers

Insurance executives will tell an analysts briefing their companies are now in the business of paying claims owing to the absence from the roads.They might not have foreseen the spike in accidents whi...

By Staff reporter | Published: 09 July 2018

FINANCIAL SERVICES

Motor, fire policies add spark to non-life insurers' earnings

Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Insurers profit jumps 250%

NON-LIFE insurance companies registered 250 percent growth in profits to $33,6 million in the 12 months to December 2017, according to Insurance and Pensions Commission (IPEC)'s 2017 fourth quarter re...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Police absence hits insurers

The absence of police on the country's roads has left individuals, corporate and insurance companies exposed to serious risks caused by flouting of regulations by unlicensed cars and drivers as well a...

By Staff reporter | Published: 15 June 2018

FINANCIAL SERVICES

Health insurers lose $160 million to fraud

CIMAS CEO Vulindlela Ndlovu says the health insurance industry in Zimbabwe could be losing $160 million annually through fraud, errors and leakages.Ndlovu told journalists attending the Zimselector me...

By Staff reporter | Published: 20 May 2018

BUSINESS NEWS

Insurers to pay for Zimdollar losses

Insurance policy-holders and pensioners should be compensated for loss of value suffered as a result of hyperinflation in 2007-8 and the country's adoption of a multi-currency system in 2009, a commis...

By Staff reporter | Published: 12 March 2018

BUSINESS NEWS

Insurers decry annual registration

The proposed annual registration of medical aid service providers is a threat to continuity of business and confidence as this is likely to create uncertainty and promotes looting by members, Associat...

By Staff reporter | Published: 12 September 2017

FINANCIAL SERVICES

Insurers embrace partnerships

ZIMBABWE'S insurance firms are rapidly realising that they will need to strategically partner with deep-pocketed and innovative players in the industry to stay relevant in an increasingly digital envi...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Govt to rein in health insurers

Government has begun consultations for a draft Medical Aid Societies Bill that is expected to regulate health insurers in the country if promulgated into law, Health and Child Care Secretary Dr Gerald...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

Health insurers, medical doctors on scientific tariff

Government, in partnership with health insurers and medical doctors, has embarked on a process to ascertain the actual cost of medical services in Zimbabwe to address the impasse that has existed betw...

By Staff reporter | Published: 03 August 2017

FINANCIAL SERVICES

Insurers regulator to de-register errant firms

The Insurance and Pensions Commission (Ipec) is threatening to de-register insurance companies and brokers that are failing to meet client claims on time in the wake of a worsening economic situation,...

By Staff reporter | Published: 04 July 2017

FINANCIAL SERVICES

Short - term insurers warned

Short term insurers have been warned against engaging in unethical practices that could be detrimental to the industry.Mr Pupurai Togarepi from the Insurance and Pensions Commission told delegates at...

By Staff reporter | Published: 12 November 2013
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