Ipec pensions reforms long overdue: ZAPF
HARARE, Zimbabwe Association of Pension Funds (ZAPF) says the proposed Ipec reforms were long overdue and embrace the spirit behind the proposals as insuring the remains relevant.
Ipec is set to introduce some solid measures aimed at improving the country’s pension industry in line with international standards.
This has come at a time when the country’s
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HARARE, Ed Broking Group will soon have a new owner.
The company has just announced that it has reached an agreement to be acquired by BGC Partners, Inc – a global brokerage and financial technology company. The acquisition is subject to a number of conditions and regulatory approvals.
As part of the agreement, a subsidiary of BGC will acquire 100% of Ed – that includes
Construction Industry Pension Fund records $3,2 mln surplus in 2017
HARARE, Construction Industry Pension Fund which recorded a surplus of $3,2 mln in 2017, says will increase pensions payouts backdated 1 January 2018 by 10% while declaring interest of 9% p.a. and a bonus of 4% for 2017.
According to a recent actuarial valuation for the fund prepared by Pentact Private limited for the year
Insurtech ‘is a long-term bet’
HARARE, The impact of insurtech on the reinsuran industry could be limited in the short term—but that does not mean that investments made now will not bear fruit in the future, Jean-Paul Conoscente, chief executive officer of P&C’s US operation and P&C’s reinsurance business unit, SCOR, told PCI Today.
He stressed that SCOR has been very active in the
Zimbabwean appointed Swiss Re, UK & Ireland CEO
HARARE, Swiss Re has appointed Tavaziva Madzinga as new chief executive officer (CEO) of UK & Ireland (UKI), succeeding Frank O’Neill who left the reinsurer in September.
Madzinga, currently market executive for the Middle East & Africa (MEA) across both property/casualty and life/health, will be based in London and remain a member
Marsh confirms partnership with insurtech
HARARE, Brokerage titan Marsh has tapped a London-based insurtech to drive new insights and placement strategies for customers in the area of marine cover.
Announcing the multi-year deal, Concirrus said Marsh will be adopting the insurtech’s “Quest Marine” platform. Central to the partnership is behavioural data, which will also help in identifying
Cimas assists Chitungwiza cholera centre
HARARE, In response to the cholera outbreak beyond Harare’s borders, a high-powered team from Cimas Medical Aid Society has visited the St Mary’s Cholera Treatment Centre in Chitungwiza, where it handed over items for the treatment and prevention of cholera.
It also presented the centre with care packages for doctors, nursing staff and general hands working
Opening insurance access
HARARE, Traditionally, insurance operates in a closed environment that does not facilitate or support the exchange of data. Agents must therefore find cumbersome manual workarounds to access important, contextualised customer information when needed. Yunus Scheepers, CTO at SilverBridge, believes this will result in systems built on open standards becoming more prevalent
Five major insurers partner with Broker Insights
Back in January we told you about Broker Insights’ promise to bridge the gap between insurance providers and the regional broker market though its unique data platform… now a handful of big names have come onboard.
Announcing the partnerships, the new UK insurtech shared how it is “championing” regional brokers by delivering the capability with
Call for improved IFRS 17 grows louder
HARARE, The London-headquartered International Accounting Standards Board (IASB) has an important call to answer – that from insurance associations who believe that the International Financial Reporting Standard 17 (IFRS 17) must not be implemented as planned.
Uniting to express their concerns, nine trade bodies wrote to IASB chair Hans Hoogervorst in