Undercover agents effective in uncovering risks to business
HARARE, One of the best means that a company can use to find out what is going on within the business and to detect possible theft or fraud is to make use of undercover operatives, according to Safeguard Investigations.
Safeguard Investigations general manager Steve Jennings explained that the undercover operatives that Safeguard deploys
Dear reader, please find attached the Insurance Council of Zimbabwe (ICZ) October 2021 newsletter. Happy reading…ICZ NEWSLETTER
FROM THE EDITORS DESK
RINGISAI BATIYA…..Marketing & PR Manager – ICZ
The short-term insurance sector continues to show resilience despite the harsh economic conditions that have prevailed over the past decade and exacerbated by the devasting effects of the Covid-19
Pension Fund Costs – Are Members Relying on a Leaking System?
HARARE, While both the non-normalised economic environment, characterized by hyper-inflation and huge currency depreciation, is no innocent by-stander to the spectacular failure of the retirement savings system, it is not the sole culprit. Yes, the economic situation could be considered the number one contributor of
ZB Holdings insurance earnings surge
Staff writer
ZB Holdings Limited Net insurance related earnings rose from ZW$0.116bn in 2020 to ZW$0.239 billion in 2021, on the back of a favourable claims experience.
This was despite a 29.8% decline in total income to $2,9 billion from ZW$4.128 billion for the period to 30 June 2020.
ZB group CE Shepherd Fungura said gross premiums increased by 18.4% from ZW$0.592
FMHL to leverage on diverse business portfolio
Staff writer
First Mutual Holdings limited says it will continue to leverage on its diverse business portfolio, strategic partnerships, as well as its regional footprint to sustain a positive growth trajectory in the future.
This is coming at a time the group capacitated its insurance subsidiary in Mozambique, Diamond Seguros, to meet regulatory capital
Insurance modernisation critical for business success
HARARE, Even prior to the onset of the COVID-19 pandemic last year, insurers were under pressure to modernise their legacy systems as customers started expecting more agile solutions capable of benefitting from advances in digitalisation, the cloud, and even machine learning technologies. Global events over the past 17 months have accelerated
Zimnat launches Motor Vehicle Assessment Centre
Staff Writer
HARARE, Zimnat General Insurance last Thursday launched its first Motor Vehicle Assessment Centre with a head turning simulation of an accident along Leopold Takawira Street in Harare, opposite Parirenyatwa Hospital.
The centre has been established so that its clients no longer have to look for quotations when submitting a motor vehicle insurance
FBC Insurance focuses on product development
Staff Writer
FBC Holdings Limited says its insurance business has remained focused on product development and penetrating new market segment despite the operating environment which has negatively affected the uptake of insurance products.
In its HY2021 results the group said it had accorded special focus on micro insurance.FBC group chairperson
Pension Funds Infrastructure Investments – Who Benefits?
The contentious issue surrounding infrastructure development investing for pension funds is the question – is it the role of the private sector, pension funds in particular, to develop infrastructure? Is this not instead the sole responsibility of the government of the day? Further, is it not that pension funds’ first responsibility
Ipec directs pension industry to cushion pensioners
Staff Writer
The Insurance and Pension Commission (Ipec) has immediate directed the pension industry to apply ZW$36 000 in the determination of
commutation and preservation amounts for pensioners as it seeks to cushion pensioners from the ever deterioration pension benefits.
The monthly pension applicable for commutation and preservation purposes