ABSTRACT The study sought to explore the adoption of a risk based approach to solvency management in the Zimbabwean short term insurance industry. The review of literature was carried out in order to establish what other authors had to say on the subject. To come up with a sample of 17 short term insurers and reinsurers out of a target population of 33 operational insurance and reinsurance companies, the researcher used stratified sampling technique since the study population comprised of dif...
ABSTRACT The management of operational risk has become prominent following the large operational losses experienced by financial institutions in the past years. The research zeroed in on the operational risk management practices in microinsurance companies in Zimbabwe. The main objective of the research was to assess operational risk management strategies employed by the microinsurance companies and how the strategies can be effectively managed to curb the potential losses from occurring. The...
ABSTRACT Households and organisations in the world have come to accept that risk is inevitable in every sphere of life. The insurance mechanism has been used to address risks faced by both organisations and households. The purchase of insurance saw many people who have adopted it enjoy a number of benefits it brings. Like many African countries, Zimbabwe has also experienced low insurance penetration rate as a result of a number of challenges. The process of increasing the penetration rate ha...
Abstract The research sought to investigate the practicability of introducing usage-based insurance to the Zimbabwean motor insurance industry so as to address shortcomings of the traditional rating method. Literature was reviewed on the different UBI programs, telematics, the shortfalls of the traditional dating method, benefits of UBI, how to implement it in to practice, the challenges with implementing it in the Zimbabwean context and a case study of Discovery Insure, a South African insu...
Abstract The purpose of this research was to analyse the uptake of agricultural insurance services by the agricultural sector for sustainable socio economic development in Zimbabwe. The research covered the period of 2000 to 2015. The research focused on A1 and A2 farmers which consisted of subsistence and small-medium scale commercial farmers. Agriculture is a risky enterprise due to its cyclical nature, risk of loss from fires and natural disasters. The researcher established that agricultu...
ABSTRACT The study examined determinants of farmer participation in agriculture micro insurance in Zimbabwe specific reference to peri urban area in Harare. The study was promoted by low uptake of agriculture insurance products being experienced by companies offering agriculture micro insurance. There was need in the market to develop a product that is affordable due to the informalised nature of the Zimbabwean sector. There is need to reach to the poor households and mitigate their level of ...
ABSTRACT This study examined the impact of dollarization on pensioners in Zimbabwe with Old Mutual as a case study. The objectives were to find out how dollarization affected retirees and ways to compensate the aggrieved pensioners. A review of literature on the subject of dollarization was done and the findings provided a good foundation in the understanding of the. Data was collected by way of questionnaires and interviews from a sample size of twenty people randomly selected from a populat...
ABSTRACT The objective of this paper was to determine the probability and extent of loan delinquency among Credit unions in Ghana. The independent double hurdle model was used to analyze primary data collected from 300 loan beneficiaries of 30 Credit Unions that are under the Accra Chapter of the Credit Union association of Ghana (CUA). Based on the regression results it was found that among the variables that were considered, only four out of eleven variables significantly influenced the pro...