Author: Calvin Manika
Shrinking hail insurance deals blow to Zimbabwe’s climate resilience solutions
In 2018, heavy rains left small-scale tobacco farmers in Zvimba counting their losses after extensive crop damage. Similarly, a hailstorm in 2021 dest [...]
Proposed road accident fund to reshape Zimbabwe’s short-term insurance business
The landscape of Zimbabwe’s short-term insurance is poised for a reshape following the recently passed bill that provides for the introduction of a ro [...]
New Zimbabwe law linking radio licence to vehicle insurance spooks underwriters, insureds
The recently passed regulation requiring motorists in Zimbabwe to purchase radio licence before they can buy vehicle insurance covers has unsettled th [...]
Surge in consumer complaints puts Zimbabwe’s short-term insurers under regulatory spotlight
In December 2024, Takunda Mafume expected his insurer to respond quickly when his Toyota Corolla was side-swiped by a speeding commuter omnibus in the [...]
Declining lapse rate signals renewed confidence in Zimbabwe’s life insurance sector
Zimbabwe insurers witnessed a low lapse rate in the life insurance sector during the final quarter of 2024, showing that fewer policyholders were allo [...]
Ethical business practices could stem fraud and corruption while boosting insurance uptake
Ethical business practices could help the Zimbabwean insurance sector to stem fraud and corruption, helping boost the penetration rate by addressing p [...]
Search for stability drives more Zimbabweans to foreign currency-denominated life policies
More Zimbabweans are ditching locally-priced insurance policies for foreign-currency denominated ones in search of stability amid volatile foreign exc [...]
Zimbabwe’s life insurers losing revenue from not taken up policies
Zimbabwe’s life insurance sector is witnessing a persistently high number of not taken up (NTU) policies, leading to substantial revenue losses in a m [...]
Funeral assurance and group life top revenue drivers in Zimbabwe’s life insurance
Funeral assurance and group life assurance emerged the primary revenue drivers for the life sector in Zimbabwe, according to the Insurance and Pension [...]
ATIDI showcases place of development insurance in Africa’s risk mitigation
Innovative insurance solutions are driving sustainable development across Africa, according to African Trade and Investment Development Insurance (ATI [...]