Digitalising customer engagement vital for retail insurance growth

Digitalising customer engagement vital for retail insurance growth

HARARE, One of the realities of the current COVID-19 pandemic is the fact that it has made people realise the importance of having adequate life, disability, and funeral cover in place. And with clients considered the most disruptive force in the insurance industry, insurers would do well to ensure they provide innovative retail products

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ZAPF Pensions Magazine 2020:

Good Day Valued Reader

Please find attached Zimbabwe Association of Pension Funds (ZAPF) Magazine PDF.

You can also access ZAPF Magazine using the link below https://www.flipsnack.com/gwiti/zapf-magazine-2020.html.

Should you wish to contribute an article or advertise in the next issue  please do not hesitate to contact us at: info@insurance24.co.zw; training@zapf.co.zw

Enjoy reading ZAPF Magazine.

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26 pension funds dissolve in 2019

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26 pension funds dissolve in 2019

Staff Writer

HARARE, Financial challenges prevailing in the country has seen 26 pension funds undergoing dissolution in 2019 with four dissolution’s having already been finalized.

Naturally,  the performance of the insurance and  pensions  industry follows the fortunes of the economy and  Zimbabwe has going  through plethora of challenges ranging

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Ipec working to ensure prescribed assets status is given to value preserving assets

Ipec working to ensure prescribed assets status is given to value preserving assets

Staff writer

HARARE, The Insurance and Pension Commission (Ipec) says its working with government to ensure prescribed assets status is given to value preserving assets, Insurance 24 can report.

Zimbabwe’s present inflationary environment has increased the risks associated PA investments, particularly in as

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FBC Insurance units in hyperinflation induced losses

FBC Insurance units in hyperinflation induced losses

Staff Writer.

HARARE, Zimbabwe’s unrelenting hyperinflationary environment has hit hard FBC Insurance and Reinsurance units with both recording losses in the year ended December 31 2019 although its full impact on traditional business was reduced by the in-house investments strategies that increased investment income.

FBC insurance recorded an

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Short term insurers first quarter total GWP up 520 percent

Short term insurers first quarter total GWP up 520 percent

Staff writer

HARARE, Total Gross Premium Written (GPW) by short-term insurers amounted to ZWL$817.93 million for the quarter ended 31 March 2020, reflecting an increase of 521.59% from ZWL$131.57 million reported for the comparative period in 2019.

The total business written by short-term re-insurers increased from ZWL$60.63 million for the

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Old Mutual suspends equity and balanced funds transactions

Old Mutual suspends equity and balanced funds transactions

Staff writer

HARARE, Old Mutual Zimbabwe has with immediate effect suspended transacting (deposits and withdraws) in the OMUT equity and balanced funds

following the suspension of trading on the Zimbabwe Stock Exchange (ZSE).

ZSE on Monday said it had suspended trading “until further notice” in compliance with a government directive after

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Pensions sector assets base increase 80% in March quarter

Pensions sector assets base increase 80% in March quarter

Staff writer

HARARE, Investment property and equities in the pensions sector continued to reprice faster than all other asset classes in Q1 2020 diluting exposures to these assets, Insurance 24 can report.

The industry closed the quarter with a total asset base of ZW$29,81 billion as at 31 March 2020, an increase of 80,33% in asset values recorded

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