OLD Mutual maintains its strong position within the Zimbabwean short-term insurance market, demonstrating a competitive edge.
This aligns with industry-wide trends in robust revenue generation and firm compliance with regulatory capital requirements. However, overall profit – ability, liquidity, and asset management pose challenges for the sector.
Old Mutual’s consistent performance across revenue generation, foreign currency operations, and asset management underscores its pivotal role in driving growth within the industry.
The Insurance and Pensions Com – mission (IPEC) 2023 report reveals that short-term insurers generated a consolidated insurance revenue of $768,10 billion in Zimbabwean dollars and US$235.44 million, indicating healthy financial performance and diverse revenue strategies.