Author: Insurance24
Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy
Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy
HARARE, SilverBridge has entered into a contract with The Hollard Life Company to implement the Exergy cloud-based policy administration system for the Hollard Partner Solutions business, a division of the well-known South African insurer.
“Our organisation has worked with the Hollard group for
Poor underwriting methods threat to insurers
Poor underwriting methods threat to insurers
Staff writer
Poor underwriting methods have been identified as one of the threats to the survival of insurance companies and have serious hindrance to service delivery.
Delivering her keynote speech at the ongoing workshop hosted by Insurance Council of Zimbabwe (ICZ) and Association of Insurers and Reinsurers of Developing Countries, Elizabeth Wyns-Dogde,(
Arrear pension benefits rise 100% in Q3, 2019
Arrear pension benefits rise 100% in Q3, 2019
Staff Writer
The Insurance and Pensions Commission (Ipec) says the arrear pension benefits have shot up 100% to $87, 07 million in Q3 2019 from $77,77 million in half year 20 19 while unclaimed benefit liabilities marginally declined $32,44 million in the comparable period.
In its Q3 pension’s industry report, Ipec said the increase in the arrear pension
Old Mutual in talks to acquire Moonlight Funeral Assurance
Old Mutual in talks to acquire Moonlight Funeral Assurance
HARARE – Old Mutual is in talks to acquire Moonlight Funeral Assurance as part of its efforts towards forward integration, complementing its life business.
Old Mutual is the country’s largest life assurance company controlling about 38.71% of the market in June 2019 in terms of revenue and 79.71% in terms of assets. Old Mutual
ZIMRE HOLDINGS awarded: A PEEP into ZHL’s operations
ZIMRE HOLDINGS awarded: A PEEP into ZHL’s operations
HARARE, On 21 November 2019, ZimRe Holdings Limited (“ZHL”) was selected by the Institute of Chartered Secretaries and Administrators (“ICSAZ”) as the First Runner Up in the Insurance Category, in the 2019 Excellence in Corporate Governance Awards. The Awards were instituted by ICSAZ with the main intention and objective of promoting
Insurance brokers’ role being underplayed.
Insurance brokers’ role being underplayed.
HARARE, Insurance service seekers haves over the years relied on insurance brokers for advice on insurance products and risks among others.However there has been an emergency of such services a banc assurance and insurance agents that are cutting the role of the brokers. In the past brokers have accused them of conditional selling of insurance saying
New IIZ president spells out vision
New IIZ president spells out vision
Staff Reporter
VIC Falls: The Institute of Insurance of Zimbabwe (IIZ) has elected Mapiye Chigorondondo as its new president at the just ended annual general meeting in Victoria Falls.
Chigorondondo who has over 26 years’ experience in the industry in the insurance industry takes over from Ushe Mungaraza who served the institute as president for two years.
His
Government reviewing insurance and pension industry- Finance minister
Government reviewing insurance and pension industry- Finance minister
Noah Kupeta
HARARE, Government is working with the Insurance and Pension Commission (IPEC) to review the regulation of the insurance and pension industry in a bid to preserve the value of pension benefits and policy holders, a government official has said.
Presenting his 2019 Budget statement, Finance and Economic Development Minister
Prioritise treating customers fairly-IPEC Board Chairperson
Prioritise treating customers fairly-IPEC Board Chairperson
Noah Kupeta
IPEC Board Chairperson, Albert Nduna
The Insurance and Pension Commission (IPEC) board chairperson Albert Nduna has called upon industry players to treat customers fairly to gain confidence and trust among its stakeholders.
Albert Nduna said IPEC acknowledges that macroeconomic stability and predictability of macroeconomic fundamentals