The evolution towards continuous underwriting
HARARE, 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
9 customer experience mistakes you must now avoid at all cost.
HARARE, Today’s business world is characterized by very tough competition and survival can no longer be guaranteed to the fittest but to those that are fast to embrace customer experience concept no matter the size of the firm. Product and price advantages can now be easily copied unlike a strong customer service culture. It is now
Pensions sector asset base increase to $6,42 billion
Staff Reporter
HARARE, The Pensions sector’s asset base increased by 479,44% in nominal terms to ZW$372 billion from ZW$6.42 billion reported at 31 December 2019 driven by revaluation of investment property and quoted equities which amounted to ZW$12.53 billion and ZW$17.28 billion, respectively.
The Insurance and Pension Commission fourth quarter
HARARE, With one of the world’s highest unemployment levels, an ultra-expensive financial services sector, an SMEs-driven economy, very small average fund size, and a significant informal sector, the Zimbabwean pension fund industry is most perfectly placed for a speedy-but-structured transitioning into a robust and dynamic umbrella-fund-dominated sector. All it requires is a genuinely member-centric
Zimbabwe celebrating global money week.
HARARE, As we celebrate global money week, here we try to demystify insurance in general for the benefit of young people.
What is global money week?
This is a global money alertness campaign on the importance of financial coaching, financial attachment and entrepreneurship skills for young people.
At insurance 24 we have seen that there is no financial education
Old Mutual ETF now highest dematerialized counter
Staff Reporter
HARARE,
THE Old Mutual Zimbabwe Stock Exchange Top Ten Index Exchange Traded Fund (ETF) that was listed on the local bourse in January 2021, is now the highest dematerialized counter at 100 percent.
Chengetedzai Depository Company (CDC), in a Central Securities Depository (CSD) update for February 2021, said the average dematerialization
New regulatory body for medical aid societies
Staff Reporter
The government says it will establish a separate regulatory body under the Ministry of Health and Childcare to oversee medical aid societies.
This comes as the government last month proposed amendments to the Insurance and Pensions Commission (Ipec) (Amendment) Bill, 2020, approved that medical aid societies together with the National Social
WIZ urged to scout for development opportunities for members
Staff writer
HARARE, Patron of the Women in Insurance Zimbabwe (WIZ) who is also commissioner of the Insurance and Pensions Commission (Ipec) Grace Muradzikwa says the organization should scout development opportunities for women in Insurance as it seeks to groom assertive strong leaders.
WIZ which was formed last year with the purpose
Old Mutual Zimbabwe fungibility suspension extended to 2022
Staff Writer
HARARE, The suspension Old Mutual Zimbabwe shares fungibility together with PPC has been extended by another year to 2022, as government is still considering findings of a probe it commissioned on the dual listed companies.
In a latest extra ordinary Government Gazette, Finance Minister Mthuli Ncube said the suspension will run
Waica Re Zim looks beyond traditional asset classes
Staff Reporter
HARARE, Waica Re Zimbabwe says it is now looking beyond traditional asset classes for investment and is now eyeing the funeral sector as a possible market, Insurance24 has learnt.
Currently, Waica Re is invested heavily in property which ranks first on its portfolio at 40% followed by Agriculture at 27% .
Waica RE CE Wilberforce