Short-term insurers want to reach new customers through inclusive insurance that targets informal businesses. Car insurance leads industry earnings right next to fire coverage. The Insurance Commission reports companies made ZiG2.53 billion during July-September 2024.
Motor vehicles, fire protection, and farm insurance brought in 71 percent of all money earned. Insurance Council leader Donald Muthe said car insurance remains popular because about 1.5 million vehicles travel Zimbabwe roads. The industry currently focuses on bringing insurance to people who have never had it before, like small farmers.
Their Farmers Basket product helps protect small growers against climate risks. More than 20,411 farm families signed up for the current growing season. The council also launched an emergency call center at 591 to speed up help during accidents. This service aims to build public trust through better customer support.
The government set aside US$175 million last year to restore confidence in financial services. However, regulators extended the deadlines for pension fund reports until May 31, 2025. Many companies fail to follow proper reporting standards when converting between currencies.
Motor vehicles, fire protection, and farm insurance brought in 71 percent of all money earned. Insurance Council leader Donald Muthe said car insurance remains popular because about 1.5 million vehicles travel Zimbabwe roads. The industry currently focuses on bringing insurance to people who have never had it before, like small farmers.
Their Farmers Basket product helps protect small growers against climate risks. More than 20,411 farm families signed up for the current growing season. The council also launched an emergency call center at 591 to speed up help during accidents. This service aims to build public trust through better customer support.
The government set aside US$175 million last year to restore confidence in financial services. However, regulators extended the deadlines for pension fund reports until May 31, 2025. Many companies fail to follow proper reporting standards when converting between currencies.
