Life insurance’ focusing on developing nations

By Allan Mbotshwa and Nomagugu Konke

Life insurance, a cornerstone of financial planning, has gained significant traction in recent years.

While its importance is universally acknowledged, the landscape of life insurance varies significantly across different regions, particularly in developing nations.

This article delves into a comparative analysis of African life insurance, highlighting its significance

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Financial inclusion, a gateway for insurance penetration for marginalised communities

Enacy Mapakame

Rugare Makuyana, a carpenter in Maronga village in Chipinge District, about 450km south east of the capital Harare was banished from the village by elders in the community.

When he was still in good books with the community, he was known for making basic furniture like ordinary benches for schools and churches.

During times of bereavement, families would also approach Makuyana to remodel

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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

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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

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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

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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

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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

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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

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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,

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