ABOUT ZEP-RE
ZEP-RE (PTA Reinsurance Company) was created under the auspices of the then Preferential Trade Area (the precursor to COMESA).
The Company was to promote the trade in insurance and reinsurance trade through creation of capacity, training of the region’s insurance personnel, provision of technical services and the re-investment of premium funds within the region. When the Preferential
CBZ Holdings net underwriting income up 20% in 2019,
……….As Bank launches money transfer center
Staff Writer
HARARE, CBZ Holdings net underwriting income grew 20,8% in 2019 to $69 million compared to $57 million in 2018 largely driven by growth in gross premium insurance.
The group’s 2019 financials shows that gross premium insurance grew 34% to $199 million from $148 million recorded
Good Day Valued Reader
Please find attached Zimbabwe Association of Pension Funds (ZAPF) Magazine PDF.
You can also access ZAPF Magazine using the link below https://www.flipsnack.com/gwiti/zapf-magazine-2020.html.
Should you wish to contribute an article or advertise in the next issue please do not hesitate to contact us at: [email protected]; [email protected]
Enjoy reading ZAPF Magazine.
Digitalising customer engagement vital for retail insurance growth
HARARE, One of the realities of the current COVID-19 pandemic is the fact that it has made people realise the importance of having adequate life, disability, and funeral cover in place. And with clients considered the most disruptive force in the insurance industry, insurers would do well to ensure they provide innovative retail products
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26 pension funds dissolve in 2019
Staff Writer
HARARE, Financial challenges prevailing in the country has seen 26 pension funds undergoing dissolution in 2019 with four dissolution’s having already been finalized.
Naturally, the performance of the insurance and pensions industry follows the fortunes of the economy and Zimbabwe has going through plethora of challenges ranging
Ipec working to ensure prescribed assets status is given to value preserving assets
Staff writer
HARARE, The Insurance and Pension Commission (Ipec) says its working with government to ensure prescribed assets status is given to value preserving assets, Insurance 24 can report.
Zimbabwe’s present inflationary environment has increased the risks associated PA investments, particularly in as
FBC Insurance units in hyperinflation induced losses
Staff Writer.
HARARE, Zimbabwe’s unrelenting hyperinflationary environment has hit hard FBC Insurance and Reinsurance units with both recording losses in the year ended December 31 2019 although its full impact on traditional business was reduced by the in-house investments strategies that increased investment income.
FBC insurance recorded an
Short term insurers first quarter total GWP up 520 percent
Staff writer
HARARE, Total Gross Premium Written (GPW) by short-term insurers amounted to ZWL$817.93 million for the quarter ended 31 March 2020, reflecting an increase of 521.59% from ZWL$131.57 million reported for the comparative period in 2019.
The total business written by short-term re-insurers increased from ZWL$60.63 million for the
Old Mutual suspends equity and balanced funds transactions
Staff writer
HARARE, Old Mutual Zimbabwe has with immediate effect suspended transacting (deposits and withdraws) in the OMUT equity and balanced funds
following the suspension of trading on the Zimbabwe Stock Exchange (ZSE).
ZSE on Monday said it had suspended trading “until further notice” in compliance with a government directive after
Fidelity Life to pursue regional opportunities to de-risk from Zim’s hyperinflation
Staff writer
HARARE, Fidelity Life Assurance of Zimbabwe says it will continue exploring and pursuing opportunities in the region for geographical diversification and de-risking