Enacy Mapakame
Rugare Makuyana, a carpenter in Maronga village in Chipinge District, about 450km south east of the capital Harare was banished from the village by elders in the community.
When he was still in good books with the community, he was known for making basic furniture like ordinary benches for schools and churches.
During times of bereavement, families would also approach Makuyana to remodel
By GANDY GANDIDZANWA & ITAI MUKADIRA
At a very young age, there is one principle we all learn – if not sure of what to do, look at what others are doing. The Zimbabwe pension fund industry, nearly 45 years old now under the current defined contribution regime, seems to have skipped that life skills lesson in its pre-adolescence. In a world where knowledge is now freely available, there are
By Allan Mbotshwa
The short-term insurance industry in Zimbabwe continues to exhibit robust growth, underscoring its increasing significance as a cornerstone of the nation’s economy.
According to the Insurance and Pensions Commission’s 2024 First-Quarter report, the number of registered entities and persons in the sector surged by 5% to reach 1,262 by the end of March 2024, from
By Gandy T. Gandidzanwa and Itai Mukadira
There are few other sectors of any economy with so much power to simultaneously impact both the fortunes of the economy and the well-being of her people. The pension fund industry stands up tall on that measure – and yet in many instances it is mostly only in potential than in realisation. The stretch between what is possible and what is actually achieved
Technology AND Innovation IN THE Insurance Sector
Eben Mabunda
Innovation on the back of new technologies has proven to be a key driver of change in the provision of financial services, and this has resulted in unprecedented efficiencies despite the doubts associated with the shifts.
Rapid transformations brought about by Artificial intelligence, as evidenced by the the buzzword “Chat GPT”
Reinsurance arrangements: implications for the Funeral assurance sector
Clementine Chinyuku
One of the major reasons for taking out insurance of any kind is the risk transfer principle, a strategy of managing risk where one party assumes the potential liability of another. Purchasing insurance is one way of transferring those liabilities. Funeral assurance is a contract
Life insurance is one of the important pillars of personal finance. In the COVID-19 era, this has assumed greater significance.
In case of the death of the insured individual during the policy term, the death benefit (a lump-sum amount) is paid by the insurance company to the beneficiaries named by the individual. If the person survives the tenure of the policy, he/she doesn’t get anything back.
The
Players in the workers’ compensation market have been busy the past six months as the coronavirus pandemic has wreaked havoc on businesses, physical workplaces, and employees. The National Council on Compensation Insurance (NCCI), for example, has made several COVID-related changes during this period, including collecting payroll for furloughed workers so that it wouldn’t be used in the premium
Car insurance is an insurance plan that offers the needful financial cover to the vehicle against different forms of damages, theft, stolen and the third party liability as well. While having a valid car policy is must, one should be mindful before buying it.
Here are key factors to consider before buying a car insurance policy:
Coverage
Different insurance products offer different coverage. Hence,
At a larger scale, the introduction of pay-as-you-use is probably a significant shift in the history of motor insurance in India as it seeks to become more responsive to the usage (and consequently) needs of the customers. (Image source: Getty)
Recent outbreak of diseases like COVID-19 has led to more awareness among people