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Author: Insurance24
10Sep
ZB Life Assurance working on a new retail insurance system
Staff Writer
HARARE, ZB Financial Holdings (ZB) says its insurance unit ZB Life Assurance is working on a new retail insurance system to replace the old Premia system, and the project is expected to be finalised in FY2024.
The unit posted a profit of ZiG333.579 million in the half year to June 30, 2024, compared to ZiG632,489 billion in 2023, and total assets increased in real terms from ZiG752,995
3Sep
On the Ivy League of Pension Systems Global Powerhouses? DISCUSS IN AUS!
By GANDY GANDIDZANWA & ITAI MUKADIRA
At a very young age, there is one principle we all learn – if not sure of what to do, look at what others are doing. The Zimbabwe pension fund industry, nearly 45 years old now under the current defined contribution regime, seems to have skipped that life skills lesson in its pre-adolescence. In a world where knowledge is now freely available, there are
2Sep
CBZ committing significant efforts on sustainability
Staff Writer
CBZ Holdings says it is committing significant effort towards ESG, which is the environment, governance, and sustainability, and is addressing all three elements in equal measure.
Chief executive Lawrence Nyazema told Insurance24 that under Environment, a couple of years ago, the bank gave solar loans to all its staff members, which was an effort to ensure that starting with CBZ itself
28Aug
Cybersecurity risk now a major concern
Enacy Mapakame
Correspondent
HARARE, As technological advances continue to enable businesses to optimise their operations, these same businesses are now experiencing “headaches” in the form of cybersecurity threats.
So prevalent is the threat that it creates scope for heightened calls to businesses to invest in cybersecurity insurance with haste.
Speaking at the recently held Insurance Institute
28Aug
Working on Zim perception key to attract insurance business
Staff Writer
HARARE, The insurance industry is battling confidence issues due a myriad challenges including legacy issues mainly embedded in economic issues.
But the landscape is shifting with the industry remaining resilient despite these challenges.
Tony Van Niekerk (TN) who is the Owner and Editor for the Cover Publications believes that the Zimbabwean insurance industry is very
27Aug
Nairobi declaration, a game changer for driving sustainability in insurance
Staff Writer
THE world over, business is battling to strengthen their portfolios to reflect their sustainability efforts as key stakeholders are carefully considering these issues in making business decisions.
It is no surprise that even investors have joined the que.
Investors have historically been primarily concerned with the amount of returns an investment has produced, and they have generally
6Aug
Mthuli rallies insurance industry to focus more on opportunities than challenges
Staff Writer
THE business of insurance operates within a complex environment shaped by economic, digital, and geopolitical uncertainties.
According to Zimbabwe’s Finance Minister Mthuli Ncube, as the industry navigate through a rapidly changing global economic landscape, the importance of the insurance industry becomes even more pronounced.
The world is witnessing unprecedented technological advancements,
31Jul
Short-term insurance industry – A crucial player in Zimbabwe
By Allan Mbotshwa
The short-term insurance industry in Zimbabwe continues to exhibit robust growth, underscoring its increasing significance as a cornerstone of the nation’s economy.
According to the Insurance and Pensions Commission’s 2024 First-Quarter report, the number of registered entities and persons in the sector surged by 5% to reach 1,262 by the end of March 2024, from
22Jul
Salaries and wages tops cost Drivers for Fund Administrators
Staff Writer
Harare, Total expenditure for Pension Fund Administrators amounted to $96 billion in the quarter to March 2024, against an income of $70,7 billion, resulting in a loss of $25,5 bln.
According to the Ipec Pensions Report for the quarter under review total expenditure was mainly comprised of salaries and wages, operating expenses, commissions and rentals.
Salaries and wages at $50,51 billion