Zimbabwean insurance under new threats

Previously paralyzed by cash flow constraints, Zimbabwean insurance companies are faced today with a decrease in the business growth triggered by fierce competition between the different insurers and by considerable tariff declines. The country has thirty non-life insurers which share an overall turnover of 150 million USD, that is, an average 5 million USD of premiums per company. The market counts 76 players, 5 of whom are life insurers, 6 funeral insurers, 2 life reinsurers and 25 brokers.