TREASURY expects the insurance and pensions industry to actively participate on the Zimbabwe Stock Exchange (ZSE) after demutualisation as the government moves in to amend key legislation related to the sector.
FUNERAL assurer Doves has sent policy holders on holiday as part of its top-range funeral product launched last year.
MOST Zimbabwean workers have now been reduced to bad debtors and are struggling to service their debts ranging from utility bills to accounts with retail stores and bank loans, among other obligations, as their employers pay salaries and wages late due to the economic crisis.
ZIMBABWEAN reassurance companies have underwritten $4 million in net premiums for the half quarter ended September 30 2013 up from $3,8 million in 2012, according to the Insurance and Pensions Commission (Ipec) third quarter report.
FIRST MUTUAL LIFE has abandoned plans to compensate policy holders who had subscribed to the now defunct life assurance cover scheme, Ecolife.
ECONET Wireless is on the verge of concluding negotiations with Cell Insurance to underwrite its new insurance product as the mobile phone firm turns to value-added products to grow revenue, sources close to the deal have said.
THE insurance business in Zimbabwe is expected to boom next year with players in the industry saying peaceful elections are expected to improve confidence in the sector.