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The insurance industry in Zimbabwe: 2014 results

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Magazine Issue: 
The farewell waltz* [3]
Magazine date: 
Apr 2016

The Zimbabwe insurance sector: turnover per non life insurance company

in thousands USD
 201320142013-2014 evolution2014 market shares
Old Mutual (1)
28 35030 9229.1%14.4%
Alliance
26 31330 49715.9%14.2%
Nicoz Diamond
28 06527 164-3.2%12.6%
Cell
22 18822 2320.2%10.3%
Zimnat Lion
18 50221 95818.7%10.2%
Eagle
14 89417 37016.6%8.1%
Champions
10 45910 7853.1%5%
C.B.Z
7 5629 08920.2%4.2%
Heritage
9 4757 645-19.3%3.6%
Tetrad Hail
7 9697 298-8.4%3.4%
Tristar
7 0516 283-10.9%2.9%
Credsure
5 0354 307-14.5%2%
Clarion
3 9614 1895.8%1.9%
Evolution
3 6603 658-0.1%1.7%
Hamilton
1 6472 18332.5%1%
Regal
1 5581 5660.5%0.7%
Global
2 0761 301-37.3%0.6%
Sanctuary
5511 272130.9%0.6%
Quality
2 2971 265-44.9%0.6%
Excellence
77797625.6%0.5%
Altfin
4 656974-79.1%0.5%
Allied
1 873950-49.3%0.5%
KMFS
916841-8.2%0.4%
Safel
21919450%0.1%
Total
209 837214 9162.4%100%
(1) Ex RM Insurance non_life company turnover 2014 (1) 14 companies

The insurance industry in Zimbabwe: turnover per life insurance company

in thousands USD
 201320142013-2014 evolution2014 market shares
Old Mutual
139 196150 8688.4%50.4%
Nyaradzo
46 77861 74132%20.6%
FML
28 39634 01119.8%11.4%
Zimnat
14 24415 6099.6%5.2%
Fidelity
11 97013 94016.5%4.7%
CBZ Life
7 6669 13319.1%3%
Zb Life
7 3588 79819.6%2.9%
Altfin
4 1872 913-30.4%1%
Heritage
1 4101 4855.3%0.5%
Evolution
6521 02457.1%0.3%
Econetlife
-111--
Total
261 857299 63314.4%100%

Market shares of life insurance companies in 2014

life company turnover 2014

The insurance industry in Zimbabwe: non life insurance turnover per class of business

in thousands USD
 201320142014 market shares
Motor
86 62290 02241.9%
Fire
43 91545 48021.2%
Personal accident
19 20820 2429.4%
Miscellaneous accident
14 49116 1607.5%
Engineering
9 20210 5714.9%
Guarantee/bond/credit
13 42711 5735.4%
Marine and aviation
9 5379 3214.3%
Agricultural insurance and hail
9 0608 2113.8%
Third party liability
3 1352 9281.4%
Health
1 2404080.2%
Total non life
209 837214 916100%

The Zimbabwe insurance sector: life insurance turnover per class of business

in thousands USD
 201320142014 market shares
Fund business
139 307144 21348.1%
Funeral insurance
68 67587 48729.2%
Others
28 98437 96712.7%
Term assurance
8 7899 3063.1%
Whole life insurance
8 5469 2513.1%
Annuities
4 6959 3373.1%
Pure endowment
1 8773540.1%
Endowment insurance
9841 7180.6%
Total life
261 857299 633100%
Source: Insurance and Pensions Commission (IPEC)
Tue, 12/04/2016 - 15:47

Source URL: https://www.atlas-mag.net/en/article/the-insurance-industry-in-zimbabwe-2014-results

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