Zimbabwe, Eagle Insurance targeting a 12% market share

Musa Bako, managing director of Eagle Insurance seized the opportunity of the company’s 50th anniversary, early April, to shed light on some objectives. The insurer is targeting a 12% market share whereas the shares it currently controls account for 10% of Zimbabwe’s overall premiums.

The marketing strategy through brokers shall not be questioned. In 2015, Eagle Insurance made significant investments with a view to upgrading its IT system and improving its productivity. Its capital has recently been increased by more than 5 million USD.

The company is underwriting in the business of engineering, fire and motor and investing in the area of microinsurance. By the end of 2015, its before-tax profits amounted to 1.7 million USD.