Insurers’ profits soar as policyholders dwindle

Short-term insurers reported total insurance revenue of ZiG4,26 billion, equivalent to US$164,94 million during the period under review. This represented an 18 percent increase from US$139,53 million recorded in the same peri­od in 2025.

ZIMBABWE’S insurance in­dustry is posting stronger profits, growing asset bases and healthier balance sheets, even as fewer people are taking out, or keeping, insurance policies, latest reports show. This comes as the industry has long struggled to win public con­fidence, with memories of hyper­inflation-era losses, policy lapses and concerns over claim settlements continuing to discourage…

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