The Markets Ledger

Zimre sharpens regional expansion

Zimre Holdings is stepping up its regional expansion strategy as the insurance group moves to strengthen its capital base, underwriting capacity and technology systems across its African operations.

Insurance market maintains US dollar preference: First Mutual

First Mutual Holdings says customers continue favouring United States dollar-denominated insurance products to secure higher payouts at claim stage, prompting the financial services group to maintain a dual-currency approach across its businesses.

Liquidity pressures put claims payments under scrutiny

Liquidity pressures are emerging as a key concern for Zimbabwe’s short-term insurance sector as 10 of the 21 direct insurers reported negative working capital in the first half of 2026, with delayed claims accounting for the bulk of complaints received by the insurance regulator.

Zimbabwe pension funds’ assets soar to US$3.47bn

Zimbabwe’s pensions industry asset base rose two percent to US$3.47 billion in the six months to June 2026, with gains in financial assets offsetting a decline in property holdings, according to the Insurance and Pensions Commission (IPEC).

Fidelity rides demand for financial protection products

Fidelity Life Assurance (Fidelity) says rising geopolitical tensions and economic uncertainty are driving stronger demand for life insurance, pensions and funeral products as households seek greater financial security.

Fidelity accelerates digital drive

Fidelity Life Assurance says it is accelerating its digital transformation programme, including plans to deploy artificial intelligence (AI) and commission a new customer relationship management (CRM) system, as the insurer seeks to improve service delivery and expand access to financial services.

Persistent currency instability weighs on First Mutual

First Mutual Holdings (FMH) says ongoing currency instability and inflationary pressures continue to undermine confidence in long-term savings products, limiting demand for life assurance and investment-linked policies.

NicozDiamond reports steady growth

The business benefited from enhanced distribution efforts and strengthened client retention initiatives, which contributed to sustained topline momentum