Term life insurance policy demystified
By Farai Francis Zhara
He came in the office and was visibly in a very jubilant mood. He tossed his policy document on the table and explained that in few months’ time his policy will mature and so wanted to make the claim well in time because he wanted that money early enough to buy air ticket for his son who was going to study abroad, another figure was intended
ZBF Holdings gross insurance premiums up 7% in Q1, 2021
Staff Reporter
HARARE, ZB Financial Holdings group gross insurance premiums increased by 7% with the related insurance expenses reducing by 11 percent between first quarter 2021 and first quarter 2020.
ZB Holdings insurance units include ZB Life and ZB Re and the group has over the years been looking at setting up offshore insurance services.
“The
The COVID-19 pandemic has disrupted the face-to-face engagement process many insurers (and their customers) have become accustomed to. Events of the past 12 months have accelerated digitalisation and modernisation initiatives to ensure organisations can maintain operational effectiveness with the potential to grow in a more connected environment. The personalised, omnichannel customer journey has
Ipec urges review of 50% participation on REITS by pension funds
Staff writer
HARARE, Insurance of Pensions Commission (Ipec) Commissioner Grace Muradzikwa says Ipec has engaged Government to review the limit of 50% participation in Real Estate Investment Trusts (REITS) by pension funds.
REITS are seen creating the much-needed liquidity for the industry to meet its obligations while also promoting
Zim to host Eastern and Southern Africa Insurance regulators
Staff Writer
GOVERNMENT has given the green light to the Organization of Eastern and Southern Africa Insurers (OESI) to host a meeting of Insurance regulators in Zimbabwe following as request by Ipec.
Information minister, Monica Mutsvangwa, said cabinet approved the request on basis that the meeting be hosted on a large venue in Victoria
Pensioners get representation at NSSA board
HARARE, GOVERNMENT has directed that a seat be reserved for pensioners in the National Social Security Authority (NSSA) board.
The pensioners’ representative will serve as an ex-officio member, though without voting rights. Public Service, Labour and Social Welfare Minister, Professor Paul Mavima, revealed this in Bulawayo last Friday during a NSSA stakeholders
HARARE, Insurers should view the changing regulatory environment as an opportunity to redouble their focus on innovation, introducing more product flexibility, and enhancing customer experience with a data-driven understanding of their unique requirements. This will see an enabling transformative shift that will redefine the industry for a digitally-led landscape.
Regulatory technology is emerging
HARARE, Welcome to the 2021 first issue of the ZAPF Magazine. In this issue we look at various pension issues concerning the industry being guided by the theme; The Future of Saving: The Role of Pension Systems. Pension Funds are crucial in any economy as they play a big role in the development of the economy. Click the link below for the magazine ZAPF Pension Magazine Q1 2021
Happy reading
Investment Policy Statement – It’s not Just a Statement, It’s a Policy Matter!
While almost every pension fund has one, not every fund is consistently and loyally abiding by the provisions of their Investment Policy Statement (IPS). It’s certainly no news to most trustees that failure to diligently follow an investment policy statement is considered a breach of fiduciary responsibility, and
CABS/ European Investment bank unveil EUR 15 million covid resilience facility
Staff Reporter
HARARE, THE European Investment Bank (EIB) has agreed to support EUR 15 million of new long term financing for entrepreneurs and businesses across Zimbabwe in cooperation with the leading local bank CABS.
The first ever partnership between the European Investment Bank, the world’s largest international