Zimnat launches inflation-proof funeral cover
HARARE,Zimnat Life Assurance has launched an inflation-proof funeral policy, which provides for regular review of covers and premiums in order to hedge against inflation and maintain the value of the policy.
Zimnat’s new Gadziriro/Lungiselelo ZWL$ Funeral Plan is designed to overcome this problem and maintain the value of the policy by making it an inflation-linked
Sanlam Emerging Markets contributes to fight the Coronavirus
Sanlam Emerging Markets (SEM) has thrown its weight behind the fight against the spread of the Coronavirus in all the markets that mirrors its business footprint both in Africa and other international markets where it operates. Sanlam is donating R45 million (about USD2,3 million) to support various initiatives
Move to cloud crucial for business response to COVID-19
The current lockdown is testing the ability of business to adapt quickly to changing market conditions. Companies that have embraced more digital ways of working have been far less impacted.
Several slower respondents are turning their focus away from only the cost benefits of cloud-based solutions to the agility and responsiveness that they
Ipec allows for USD payments for Zimdollar policies
Staff Writer
HARARE, The Insurance and Pensions Commission (Ipec) has said as part of measures to mitigate financial vulnerabilities caused by the novel corona virus, policyholders may now pay their insurance premiums I foreign currency using free funds at the prevailing rate on the date of payment.
“This means that in respect of policies that are
How Will Driverless Cars Impact the Auto Insurance Market?
HARARE, For most family businesses, there is always the challenge of ensuring that the legacy lives on. It takes commitment and undying love for the business to thrive and continue.
Following in the footsteps of his grandfather and father, Scott
Cimas takes measures to protect staff, members from Covid-19
HARARE, Cimas Medical Aid Society has taken drastic measures to safeguard its staff from possible Covid-19 infection and has issued guidelines to its members on what to do to minimise the risk of infection.
Cimas managers met last weekend to finalise plans to apply Ministry of Health and World Health Organisation guidelines
ZHL delays 2019 financials, as it shuts head office on covid 19
Staff Reporter
INSURER, Zimre Holdings says due to its diversity, is unable to meet the March 31 deadline of publishing its 2019 financials as it require more time to conform to the International Accounting Standards – 29, reporting in hyperinflationary economies.
In a statement, the group said its number of subsidiaries and business
Coronavirus outbreak places insurers under the spotlight
Insu24/ InsuBusAmerica
HARARE, As multiple countries grapple with the novel coronavirus infection, individuals and organizations are scrutinizing their insurance policies to see if they are covering the losses caused by the epidemic. On the ground, several insurers have also launched efforts to support the fight against the infection.
A report
Equities and investment property accounts for 71% of self-administered funds’ assets
Staff reporter
EQUITIES investments and investment property at $4.06 billion accounted for 71,59% of the total asset base for Self-Administered Funds for the year ended December 31, 2019.
The Insurance and Pensions Commission (Ipec), in its quarterly (Q4) pensions report said the quantum of investment in these two
Pension funds key to reignite Zimbabwe’s infrastructure development
HARARE – Without sound infrastructure development such as roads, rail, ports and energy and social infrastructure development the country stands little chance of jumpstarting the economy.
For asset owners such as pension funds, which have assets of over Z$10 billion under management, infrastructure development offers an attractive