HARARE, When authorities in 2022 sought to compensate for loss of value caused by the 2019 currency changes through a US$75 million Kuvimba disbursement, the process was met with several hurdles.
Key among the hurdles in this compensation, was data integrity and the Treasury made several calls for the regulator, the Insurance and Pensions Commission (Ipec), to ensure the matter was resolved.
Treasury
Staff Writer
CABS tonight celebrated 75 years of existence in Zimbabwe where it has displayed unwavering commitments to the country, economy and communities.It is a story of resilience.
“As we look to the future, we are ready to redefine the boundaries of what’s possible in the financial services industry guided by our co-values, focus on delivering exceptional customer experience and
By Gandy Gandidzanwa and Itai Mukadira
If there is one thing that has been proven over and over again in the last two decades, it is that the ZSE alone cannot be relied on for value preservation. Some investment management pundits are though quick to counter this by demonstrating that it has beaten official price inflation over the period. A deeper analysis, however, shows how dismally it has fared
Staff Writer
HARARE, WOMEN In Insurance Zimbabwe (WIZ) has moved to promote professionalism and support the growing number of women in the insurance industry through a mentorship programme.
The mentorship program launched on Monday was attended by over 60 participants across Africa as it aims to address the lack of accessible mentorship opportunities that many young professionals and university students
Staff Writer
HARARE: The Insurance and Pensions Commission (IPEC) has approved Mimosa Pension Fund’s pre-2009 compensation scheme after it complied with all the requirements of Statutory Instrument 162 of 2023 (pre-2009 pension compensation regulations).
In a statement, Ipec said the approval paves the way for the fund to commence the compensation exercise.
“Once a compensation scheme is approved,
By Gandy Gandidzanwa and Itai Mukadira
Most retirement fund members continue to struggle to secure housing finance despite having accumulated significant pension fund credits. Most are not able to buy residential properties, not only in the urban centres, but also even in the hometowns of the rural areas they retreat to at retirement.
The general home loan market is characterized by a predominance
Staff Writer
HARARE: Champion Insurance has launched a micro-insurance product called “Bata Chamu,” a WhatsApp chatbot platform that enables users to interact seamlessly with its intelligent virtual assistants, providing instant access to affordable and tailor-made solutions.
Through the platform, Champion Insurance’s prospective and existing clients will be able to buy vehicle insurance
Staff Writer
The Association of Investment Managers of Zimbabwe (AIMZ) has joined the membership of the Pan African Fund Managers Association (PAFMA), an esteemed trade association dedicated to enhancing climate finance across the African continent.
Since its landmark introduction at the Africa Climate Summit in 2023, PAFMA has rapidly grown, now boasting nine members representing 16 African
Staff Writer
ZB Financial Holdings (ZBHF) says insurance service result for the year to December 31, 2023 fell by 486 percent from a deficit of $26,127 billion in 2022 to a deficit of $153,235 billion in 2023.
This was largely as a result of an increase of 327 percent in insurance service expenses to $377,642 billion from $88,407 billion in 2022.
The group in its financials said its insurance units
Staff Writer
Climate change has become the greatest threat to humankind and sustainability; hence, significant efforts and priorities should be made in the discussion of the insurance industry to play a pivotal role in building climate resilience.
Albert Nduna, the Insurance and Pensions Commission (IPEC) Board chairperson speaking at the ZEP-RE (PTA Reinsurance Company)’s 33rd Annual General