Things to consider when buying term insurance policy.
By Farai Francis Zhara
Term Life insurance policy is an armor to protect the future of chosen beneficiaries. By having this policy you will be taking the monetary worries off the shoulder of your loved ones. We explained what term insurance is in the last article (if you missed it click here), and here we want to look at some of the things
Nyaradzo to raise US$20 million for special purpose company Sahwira Agriculture
Staff Reporter
HARARE, Nyaradzo Life Assurance intends to raise a maximum of US$20 million through the issuance of a combination of Inflation Indexed Notes and Preference Shares during a five (5) year issuance window through its special purpose company Sahwira Agriculture (Pvt) Ltd for financing crop production for the
ICZ Encourages Use of Fire Prevention Systems
HARARE, There is a concerning rise in the number of buildings being destroyed by fire in the country. Following a number of occurrences of fire outbreaks at Mpilo Hospital, with the recent one having destroyed a doctors’ residence that now requires USD280million for reconstruction, there is need to ensure that buildings are equipped with working fire
How To Evaluate an Investment Policy Statement – A Pension Fund Stakeholder’s Guide!
We have received an overwhelming level of engagement on our April Issue where we focused on the importance of the Investment Policy Statement (IPS). Subsequently, we have been requested to unpack our process on evaluating IPSs.
Important to start by emphasizing, once again, that the real value of an IPS is in
Why you should not cancel your funeral policy
By Farai Francis Zhara
Covid 19 has affected the disposable income of many people worldwide. To Zimbabweans this was like adding salt to a wound because people were even struggling to keep up before this era. People are busy finding ways to increase disposable income by removing possible costs and many people will always first want to do away with funeral
The evolution towards continuous underwriting
One of the next-generation practices that insurers are looking to adopt to further differentiate themselves and add value to the customer experience is that of continuous underwriting. Essentially, this equips them with the means to collect meaningful data from a variety of sources before, during, and after the risk evaluation timeframe. It therefore
Fidelity Life moves to de-risk from Zim Market
Staff writer
HARARE, Fidelity Life Assurance says its strong balance sheet and diversified income streams provide offsetting stability and growth while its ability to de-risk from Zimbabwe by actively seeking opportunities in the region and beyond will also play a major role in prospects for the coming year.
While the board chair person Fungai Ruwende
FMHL gross premium written up 2% to $5,9 billion in 2020
Staff Reporter
HARARE, First Mutual Holdings (FMHL) gross premium written (“GPW”) for 2020 grew two percent to $5,9 billion as a result of organic growth on the existing portfolio and the continuous revaluation of insurance policy values in line with inflation to ensure clients had adequate cover.
Rental income for the year also amounted
How can insurance brokers survive the hard market?
HARARE, “The effects of the hard markets on the broking sector are well publicised and often discussed. However, there’s a whole generation of insurance professionals that are seeing this for the first time and it is creating a challenging business environment for many of us, as brokers, and our clients.”
Introducing the BIBA webinar on ‘Knowledge
Micro-Pensions – Ultimate Solution to the Poverty-in-Old-Age Plague for those in our Informal Sector?
The IMF puts our informal sector contribution to GDP, based on 2010-2014 surveys, at a staggering 50%. Fast forward that to post-COVID-19-induced lockdowns and ensuant company closures, a strong case can be made that the informal sector contribution to total GDP can only have grown higher. This