ZIMBABWE’S troubled insurance sector has been urged to embrace digital transformation and use data insights to reduce fraud and increase penetration rate. The country’s insurance industry is still reeling from hyperinflation, which happened a decade ago and wiped out people’s savings resulting in a low penetration rate. In the past few years, the industry has also struggled with increasing cases of fraud that include fictitious car accident or death claims, exaggerated claims and backdating of insurance claims. Blessmore Kazengura, the acting Commissioner of Insurance, Pension and Provident Funds, said technology such as blockchain could help to instill confidence in the troubled sector, which has remained trapped in the past. “The truth is that we cannot ignore the wave of technological…