Insurance premiums for minibuses has gone down to 60 per cent due to the change of the laws because of the covid-19 strict preventive measures. This means that in times of an accident, insurance companies can only pay up to 60 per cent of the premiums. This comes at a time when minibus operators in […]
Standard Bank Plc Head of Personal and Business Banking Phillip Madinga has announced the launch of BizSure, a new insurance to protect small and medium businesses from general risks. BizSure will be provided in partnership with Liberty General Insurance Company and will offer peace of mind for SMEs in times of uncertainty. Madinga says BizSure […]
The newly introduced CIC Insurance Group on Wednesday conducted its second annual awards giving ceremony in Lilongwe at Golf Club where insurance brokers were recognized for their work towards the organization. Speaking during the presentation, Managing Director for CIC Insurance Robert Murigih said they appreciated the work done by insurance brokers who instrumental to the […]
The Reserve Bank of Malawi (RBM) Monday launched a weeklong awareness campaign on the importance of pension and insurance schemes in the country. The campaign will run from April 30 to May 5 next week under the theme ‘Pension and Insurance for All.’ RBM governor, Dalitso Kabambe, said the core objectives of the campaign are to promote consciousness of […]
United General Insurance (UGI) on Friday launched a new product, Auto Shield car insurance policy with pomp and razzmatazz which started with a colourful procession and ended up with a lively cocktail later in the evening. The ceremony started with a parade led by Malawi Prison Brass Band from Ginnery Corner to Blantyre Central Business […]
Book: Random Thoughts on Insurance Practice: A Practitioner’s Exposé Author: Chimwemwe W Kanyenda Reviewer: Ephraim Nyondo This book is not entirely an academic text and therefore does not and may not be compliant to the strict and formal academic standards in terms of methodology and referencing. However, it is designed to attract appeal to a […]
Malawi’s economic and marketplace developments suggest a continuation of challenging and highly competitive conditions for the country’s small but growing insurance industry. Faced with turbulent economic conditions (both globally and locally), high unemployment rates and low GDP (gross domestic product) rates,among other challenges, business risk and uncertainty remain high, thereby presenting a market that is […]
Insurance practitioner Chimwemwe Kanyenda has authored a book that simplifies insurance issues for the lay person. Kanyenda’s commitment and passion to learning and sharing the contemporary and complex issues in insurance is exemplified by his weekly column titled Insurance Insight published on Wednesdays in The Daily Times newspaper. In his book titled Random Thoughts on […]