Decreasing profit for non life insurers in 2014

The Zimbabwean authorities (IPEC) have published the 2014 figures. Profits for non life insurers have dwindled down by 14.74% at 10.25 million USD. This deterioration is accounted for by an increase in operating costs (+10.4%) and by the commissions paid to business intermediaries (+67.74%).

Return on equity was 13.16% by December 31, 2014, compared to 18.52% in late 2013.
However, thanks to a significant improvement in loss ratio, that earns 2.5 points in one year, the operating result still posts an increase of 19% at 8.39 million USD.