Old Mutual Insurance’s financial strength upgraded

   

Old Mutual Insurance’s financial strength upgraded

Staff Writer

Old Mutual Insurance Company (OMICO) financial strength rating has been upgraded to an AA, symbolizing its ability to pay claims and maintain a strong market position, Insurance 24 reports.

In a statement, OMICO said the rating symbolised the strength in its financial profile and ability to pay claims and strong market position

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Government urges pensions industry to increase uptake of prescribed assets

 

Government urges pensions industry to increase uptake of prescribed assets

Staff Writer

Harare, Government says it is keen to see the pension’s industry redirect resources that deepen the financial services sector as it urged the sector to increase uptake in prescribed assets.

The insurance and pensions industry has been saddled by investing in prescribed assets pushing to the fore the narrative

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Pensions Industry calls for confidence building in financial sector

Pensions Industry calls for confidence building in financial sector

Staff Writer

The Zimbabwe Association of Pensions Fund (ZAPF) says policies issued by regulators can either enable or disable the Pensions Industry which is a key enabler to economic growth by virtue of its ability to mobilise long-term funds.

Zapf chairperson, Rutendo Magorimbo at the on-going conference in Victoria Falls said the

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Old Mutual rolls up its sleeves for a worthy cause

Old Mutual rolls up its sleeves for a worthy cause

 Old Mutual Zimbabwe, an established financial services group handed over a lump-sum cheque to the National Blood Services of Zimbabwe (NBSZ) at Old Mutual’s Head Office, Harare.

The NBSZ is currently running a blood donation campaign to ease blood shortages in the country. In its mandate to continue improving the quality of life of patients in

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Call for adverts and news articles for the ICZ q1 2022 magazine

Dear Valued ICZ Member and Stakeholder,

The Insurance Council of Zimbabwe (ICZ) in partnership with Brandvest T/A as Insurance24, will this quarter publish the Insurance Council of Zimbabwe magazine under the theme; Insurance Gaps.

In line with the theme, the magazine will provide an in depth look into the industry and offer latest industry news on short term and reinsurance business, in-depth analysis

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Call for adverts for the ICZ first quarter 2022 magazine

Dear Valued ICZ Member and Stakeholder,

The Insurance Council of Zimbabwe (ICZ) in partnership with Brandvest T/A as Insurance24, will this quarter publish the Insurance Council of Zimbabwe magazine under the theme; Insurance Gaps.

In line with the theme, the magazine will provide an in depth look into the industry and offer latest industry news on short term and reinsurance business, in-depth analysis

Read more

FMHL strengthens regional reinsurance operations

FMHL strengthens regional reinsurance operations

Staff Writer

First Mutual Holdings (FMHL) has moved to strengthen its regional reinsurance operations after the Group raised BWP60 million in Botswana as well as capitalising the Diamond Seguros in Mozambique.

A Botswana based firm Aleyo Capital did the bidding for FML for an amount approximately equivalent to US$5,02 million.

The Botswana-based investment

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ZB Holdings net insurance earnings overturn loss position

 

ZB Holdings net insurance earnings overturn loss position

Staff Writer

ZB Holdings’ net insurance related earnings improved from a loss of ZW$0.003bn in 2020, to a profit of ZW$0.830bn in 2021, on the back of a 7% rise in gross premiums from ZW$1.845bn in 2020 to ZW$1.982bn in 2021.

According to the Group’s 2021 financials, insurance related expenses declined 38% to ZW$1.152bn in 2021 from ZW$1.847bn

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Eating Only What You Kill – On Performance-Based Fees in the Pension Fund Industry!

Eating Only What You Kill – On Performance-Based Fees in the Pension Fund Industry!

Fees destroy value.

Rather put bluntly, but maybe a little bit of basic math will help justify the tone. Did you know that for every half-a-percent charge in fees a member’s accumulated retirement savings drop by a fifth by the time they reach retirement age. Put simply, if a member where to retire with $1 million

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Zim can leverage on Climate funding to mitigate climate change impact

Zim can leverage on Climate funding to mitigate climate change impact

Staff Writer

Zimbabwe can leverage on Climate and environmental risk insurance funding available on the international market to help mitigate the impacts of climate change in Zimbabwe, United Nations Development Programme has said

This comes at a time developing countries have been urged to push for unconditional access to climate

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