Zimbabwe: Funeral Assurance Sector Posts 6,5pc Growth

21 November 2018
The Herald (Harare)
By Ishemunyoro Chingwere

The funeral assurance sector witnessed 6,5 percent growth in Gross Written Premium for the period ended June 30, 2018 compared to the same period last year and could witness further "exponential" growth as more consumers opt out of cash plan products.

The growth statistics are contained in the Insurance and Pensions Commission (IPEC) half year report for the period ending June 30. Funeral cash plan products, which see policy holders getting cash pay-outs in the event of death, are falling foul of the increasing costs of goods and services and some leading providers in the sector have started reviewing their prices upwards.

...

Tagged:
Copyright © 2018 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.