FBC Insurance MD elected WIZ president
Staff Writer
The Women in Insurance in Zimbabwe (WIZ) has elected FBC Insurance managing director Alice Shumba as its president, a position she will hold for the next two years.
Shumba, who is taking over from Ruth Ncube, will be deputized by Emeritus Reinsurance head-reassurance and underwriting (Life and Health), Clementine Chinyuku.
Shumba,
Environmental, Social, and Governance (ESG) and Sustainability in Insurance
By Enock Rukarwa
Traditionally, the primary concern of investors has been the level of returns provided by an investment, with general ambivalence towards how those returns have been generated.
Now, the Insurance industry is seeing a drive towards responsibility in its stewardship of investor money, with investors seeking to
The Role of carbon accounting in Insurance
By Insurance 24
The insurance industry’s balance sheets hold a significant portion of countries’ economic assets and liabilities. This implies that, through key activities such as risk management, risk transfer, and investments, the insurance industry has the ability to support the transition to a resilient, net-zero future.
Zimbabwe has been intensifying
Reinsurance arrangements: implications for the Funeral assurance sector
Clementine Chinyuku
One of the major reasons for taking out insurance of any kind is the risk transfer principle, a strategy of managing risk where one party assumes the potential liability of another. Purchasing insurance is one way of transferring those liabilities. Funeral assurance is a contract
IFRS 17 Implementation in the Zimbabwean Insurance Sector
By Stella Mupatsi and Taurai Jamu
Zimbabwean insurance companies are currently in the process of implementing International Financial Reporting Standard 17 (IFRS 17), a new accounting standard applicable to insurance contracts and investment contracts with discretionary participation features.
This standard replaces
The way people are purchasing insurance is changing”
Risk management consultant looks back on his insurance career
Jose Alfredo Suarez, risk management consultant Alera Group, didn’t begin his career in the insurance sector. Initially, he spent five years as a paralegal in immigration law, a period during which his mother, a Mexican immigrant, worked as an underwriting assistant for an insurance
Revitus REIT lists on ZSE to start trading Wednesday
Staff Writer
The Revitus Property Opportunities Real Investments Trust (Revitus REIT) has become the second REIT to be listed on the Zimbabwe Stock Exchange (ZSE) following its official listing yesterday.
The Revitus REIT is a product of the NRZ Contributory Pension Fund (NRZCPF), managed and administered by CBZ Asset Management unit Datvest, and
Why Umbrella Funds are Part of the Solution to Our Pension Fund Woes!
GANDY GANDIDZANWA & ITAI MUKADIRA
With one of the world’s highest unemployment levels, an ultra-expensive financial services sector, and an SMEs-driven economy, the Zimbabwean pension fund industry is most perfectly placed for a speedy-but-structured transitioning into a robust and dynamic umbrella-fund-dominated sector. continue
NRZ REIT, to list on ZSE, targets US$8 million through an IPO.
Staff Writer
THE NRZ Contributory Pension Fund (NRZCPF) will list its Real Estate Investment Trust (REIT), known as Revitus, on the Zimbabwe Stock Exchange (ZSE) on December 15, 2023, becoming the second REIT list on the local bourse.
The Tigere REIT pioneered the listing of REITS in the market, but according to
Premium reviews drive life assurance sector performance
Staff Writer
The life insurance sector says premium reviews and growth in US dollar business continue to drive the industry’s performance and margins, offsetting inflationary pressures.
According to the Insurance and Pensions Commission’s (IPEC) second quarter life assurance report for June 2023, gross premium written (GPW) grew 575 percent