Actuaries secretariat to advance brand visibility
Staff Writer
The Actuarial Society of Zimbabwe (ASZ) has established a secretariat as the profession continues to expand and make its brand more visible in solving developing problems.
ASZ President-elect Tafadzwa Prosper Matiashe said at the launch last week that the ASZ brand will be more visible and take part in solving emerging problems.
“Our organisation
Pension Funds called to regularise Boards of Funds
Staff Writer
The Insurance and Pension Commission (Ipec) has called on pension funds to regularise, by fully and properly constituting their board of funds, in terms of the requirements in terms of Section 22 of the Pensions and Provident Funds Act (Chapter 24: 32).
With the coming into effect of the ACT, all funds were required to comply with the
The insurance industry’s economic role — and untapped potential
The world economy has become less resilient, but the insurance industry is keeping pace with changes in the risk landscape. Nevertheless, the newly developed SRI Insurance Resilience Indices, based on measures of protection needed relative to that available, show a huge opportunity for the insurance sector to close a combined
Prove your worthy to breach the gender gap- Chinyuku
Moonlight director Masunda has died
Staff writer
Moonlight Group Assurance Director, Tichanzwana Masunda, has died.
While details around his death are still not clear, Moonlight announced his death.
“We are deeply saddened by the untimely death of Moonlight Assurance Director, Mr. T. Masunda. We extend our utmost condolences to the family, friends, and co-workers. May his soul rest in peace,” read
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The insurance industry is under pressure. Social, technological, environmental, economic and political risks that seemed abstract or improbable just 20 years ago have become increasingly severe and acute and are affecting the very nature of the business. What’s more, established
First Mutual Holdings disputes auditors forensic report
Staff writer
FIRST Mutual Holdings Limited (FMHL) says it is not in agreement with the findings in the BDO Chartered Accountants report and in the regulator’s Corrective Order and thus has instituted legal proceedings to protect its legal rights.
The Insurance and Pensions Commission (Ipec) last month issued an FML with an order for corrective
Risk anti-selection: A potential threat to reinsurance
FOR years, the insurance industry has faced various headwinds, most of them linked to economic performance given that the two are intertwined.
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ZHL records block trading in Wednesday’s trading session
Staff Writer
Zimre Holdings Limited (ZHL) led the activity on the Zimbabwe Stock Exchange (ZSE) yesterday, with 25.51 million shares traded for $3.91 billion.
This comes as the Mutapa sovereign wealth fund has been given permission by the competition authorities to acquire businessman Hamish Rudland’s majority share in ZimRe.
Mutapa acquired
Insurance companies directed to make timely claims settlements
Staff Writer
The Insurance and Pensions Commission (Ipec) has directed all insurance companies to timely settle claims after an increasing number of policyholders sought the Commissioners intervention due to protracted claims settlement.
Ipec, in a circular, said the situation necessitates urgent attention and action from all insurers.
“In