Five Things To Know Today Powered by Prudential Life Assurance Zambia
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Five Things To Know Today Powered by Prudential Life Assurance Zambia
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Five Things To Know Today Powered by Prudential Life Assurance Zambia
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Five Things To Know Today Powered by Prudential Life Assurance Zambia
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Five Things To Know Today Powered by Prudential Life Assurance Zambia
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I wanted to share the key learnings from the session yesterday, but stumbled on a great summary from one of the participants Anita Ama Arhinful,Cert CII-Uk. I couldn’t have captured it any better. I’m glad that you found the session valuable. #microinsurance #inclusiveinsurance #GIA
Flashback Friday Reflecting on an incredible 2-day educational seminar organized by the Ghana Insurers Association on May 8th and 9th! I had the privilege of listening to a thought-provoking presentation by Mr. Gideon Ataraire on "Business Models for Inclusive Insurance: Which Way to Go". His insights completely shifted my perspective on microinsurance! My key takeaways from the presentation: - The importance of understanding the needs and preferences of low-income individuals in designing inclusive insurance products. - The role of collaboration in expanding access to microinsurance. - The need for innovative business models that prioritize sustainability and customer value. Mr. Ataraire's presentation opened my eyes to the vast potential of microinsurance in promoting financial inclusion and reducing poverty. I believe that understanding the importance of inclusive insurance can benefit us all, regardless of our profession. The insights I gained have broadened my perspective on the role of insurance in promoting financial inclusion and reducing poverty. Thank you, Ghana Insurance Association, for organizing this enriching seminar and to Prudential Life Insurance Ghana for giving me the opportunity to attend. #Microinsurance #InclusiveInsurance #FinancialInclusion #GhanaInsuranceAssociation #Mekarawa
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Investment Insurance in Zambia: Mitigating Risks for Growth. Introduction As Zambia continues to attract foreign investment, understanding the importance of investment insurance is crucial for investors and businesses. Investment insurance protects against unforeseen events or risks that may impact investments. In this article, we'll explore the types of investment insurance available in Zambia, benefits, providers, and challenges. Types of Investment Insurance 1. Political Risk Insurance (PRI): Covers investments against expropriation, nationalization, war, and civil unrest. 2. Credit Insurance: Protects against h non-payment or default by debtors. 3. Investment Guarantee Insurance: Provides a guarantee for investments against losses due to breach of contract or non-payment. 4. Trade Credit Insurance: Covers businesses against non-payment or insolvency of buyers. Benefits 1. Risk mitigation 2. Increased investor confidence 3. Access to new markets 4. Improved creditworthiness 5. Enhanced business growth Challenges 1. Limited awareness 2. High premiums 3. Regulatory frameworks 4. Economic instability Conclusion Investment insurance is vital for protecting investments in Zambia. By understanding the available options, investors can make informed decisions and ensure their investments are secure. Let's promote investment insurance awareness and foster a favorable business environment in Zambia. Key Takeaways 1. Investment insurance mitigates risks 2. Various types of insurance available 3. Benefits include risk mitigation and increased investor confidence 4. Local and international providers available Share Your Thoughts How important is investment insurance for your business or investment decisions? #InvestmentInsurance #Zambia #RiskMitigation #BusinessGrowth #InvestorConfidence #InsuranceProviders #RegulatoryFrameworks #EconomicStability
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Amidst the streets, surrendered by chaos…..in the suit!🤵♂️ Love for this continent grows everytime you come here. Touring Tanzania, the next big thing of Africa! 🇹🇿 The performance of the Tanzanian economy remained stable amid external shocks, growing at 4.7% and 6.8% in 2022 for Tanzania Mainland and Zanzibar, respectively. The growth in gross premiums for general insurance policies increased from TZS 746 billion in 2021 to TZS 895 billion in 2022, representing a significant growth of +20%. The life insurance segment exhibited even stronger growth, with gross written premiums rising from TZS 165 billion in 2021 to TZS 242 billion in 2022, indicating a remarkable increase of +46%. Being serving this market since 1965, the country portrays a massive potential for growth. JBB/RBV’s commitment to the market remains to grow with our partners and bring innovation to the community. Pages from Africa 2024! 🌍 J.B.BODA Group #insurance #reinsurance #africa #tanzania #capital #technology #innovation #lifeinsurance #generalinsurance #investment #investor #bond #AI #DarEsSalam #India #travel #broker #broking #insurancebroker #reinsurancebroker
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The recent post-election strikes in Mozambique have had a substantial impact on the country’s economy, with estimated daily losses surpassing 1.4 billion meticais. Among the affected sectors, the insurance industry faces heightened challenges, seeing a rise in claims due to property damage in commercial areas and potential delays in premium payments from impacted businesses and individuals. As perceived risk increases, insurers are compelled to consider adjusting their underwriting policies and possibly raising premiums to adapt to the volatile environment. This situation highlights a critical need for resilience and strategic adaptation within Mozambique’s insurance sector to ensure continued stability and profitability amid broader economic and social uncertainty. #Insurance #Mozambique #EconomicImpact #RiskManagement #InsuranceIndustry
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Attention Insurance Professionals! 📢 Exciting news from Zambia's reinsurance sector! 🎉 🚫 Strictly Prohibiting Fronting: In a bold move, Zambia's reinsurance guideline now prohibits fronting practices. Transparency and local resilience take center stage as we aim to strengthen the reinsurance landscape. 💡 Understanding Fronting: Any cession where local retention falls below 10% will be considered Fronting. It's crucial that a minimum of 10% is retained locally, ensuring a robust and sustainable insurance ecosystem. 🔵 Local Market First: A significant shift towards enhancing local capacity! Before considering ceding abroad, local market capacity must be thoroughly explored and utilized. Prioritizing local strength and expertise benefits us all. 🌍 Supporting Pan-African Collaboration: Zambia now mandates mandatory cession to Africa Re and PTA Re (Zep Re). Embracing regional cooperation and harnessing the expertise of Africa Re and PTA Re elevates our commitment to sustainable growth and development. Stay informed, adapt, and thrive in this evolving reinsurance landscape. Let's work together to ensure a resilient, inclusive, and progressive insurance sector in Zambia. 🌟 #Reinsurance #InsuranceIndustry #ZambiaInsurance #RiskManagement #AfricanInsurance #Collaboration #Innovation #Reinsurancenews #EuroReinsurance #EuroRiskManagement #ReinsuranceEurope #EuropeanInsurance #InsurEurope #EuropeRiskAssessment #ReinsuranceEU #EuroCoverages #EuropeanInsurers #RiskRetentionfika Nadia Zidi Hegel Ignacio Molina Laura Marfil Peter J. Schlumpf Muhammad Iftekhar Ahmed, MBA - ACII - Chartered Insurer QBE Insurance
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Accurate contact details are key to staying protected At African Risk Transfer, Zambia, we’re committed to making sure every detail of our clients’ insurance policies aligns with their needs and preferences. A vital step in this process is keeping contact details up to date. We know that having the correct email addresses, phone numbers, and communication preferences on record is more than just an administrative task – it’s essential to ensuring clients receive every important message directly. Please remember to notify your Accounts Executive immediately should there be any change to your contact details. Staying connected truly means staying protected. #firstEquity #InsuranceMatters #ClientCare #StayConnected #CommunicationMatters Chioni Mwanza (LLB) Robert Sichilimba
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