Pension funds should respond to new normal: ZAPF

Pension funds should respond to new normal: ZAPF

Staff Writer

HARARE, Pensions fund investments should respond to the new normal by diversifying into E –commerce while also lowering rentals to retain higher occupancy ratios, Insurance24 has learnt.

This comes as the impact of the lockdown on tenants’ businesses is set to have an adverse effect on rental income streams and spike the level of voids

Read more

Java spells out IIZ vision as he assumes presidency

Java spells out IIZ vision as he assumes presidency

Staff Writer

The Insurance Institute of Zimbabwe (IIZ) new president Rueben Java says will continue with initiatives already underway to explore ways to grow IIZ brand and ensure the standards of the institute are upheld.

Java takes over from Mapiye Chigorondondo and will head the institution for the 2020/21 term of office.

“I am taking over this

Read more

THE INTERVIEW: TROPICAL RE sets focus on sustaining growth

TROPICAL RE sets focus on sustaining growth- Tropical RE

Tropical ReInsurance was recently conferred with a BBB+ rating by GCR, a major milestone in the history of the Reinsurer.

Insurance24 (24 ) I spoke to  Tropical RE Managing Director USHE Mungaraza (UM) to understand what this meant to Tropical  Re.

Find the interview below:

I24: You have received a BBB+ GCR rating. Tell us more about this

UM:

Read more

COVID-19 generates numerous scams

COVID-19 generates numerous scams

HARARE, COVID-19 scams have included supposed cures, fake testing sites and counterfeit personal protective equipment (PPE), Dr Katlego Mothudi, managing director of the Board of Healthcare Funders, a regional healthcare funders’ body, said last week.

Addressing an Association of Healthcare Funders of Zimbabwe all stakeholders’ webinar on health on Wednesday,

Read more

Mavhima dissolves NSSA board

Public Service, Labour and Social Welfare Minister Paul Mavhima has dissolved the National Social Security Authority (NSSA) board with immediate effect with a three member interim board having been in put in place.

Staff Reporter 

Mavhima said NSSA is currently engaged  in a strategic  reorganisation and restructuring   exercise which has been necessitated by the 

Read more

ZHL offer to ZPI minorities successful

ZHL offer to ZPI minorities successful

Staff Writer

ZIMRE Holdings Limited (ZHL) says ZPI’s offer to minorities has been successful, paving pay for finalization of the transaction which will also culminate in the de-listing of ZPI from ZSE.

The Offer, which was announced on 9 September 2020, opened on 11 September 2020 and closed on 16 October 2020.

“The Boards and Management of Zimre Holding

Read more

Victoria Falls Stock Exchange to launch this Friday

Victoria Falls Stock Exchange to launch this Friday

Staff reporter

HARARE, The Victoria Falls Stock Exchange Limited (“VFEX”) has been granted the approval to launch and commence trading of securities by the Securities and Exchange Commission of Zimbabwe (SECZ).

The official opening of VFEX is scheduled for Friday 23 October 2020, at its new offices in Victoria Falls. The Minister of Finance and

Read more

General economic decline impacts short term insurers

General economic decline impacts short term insurers

Staff  Reporter
While the covid-19 lockdown contributed to the decline in performance in the short term insurance sector , the general decline in the economic growth of the country has taken a toll on the performance of corporates, Insurance 24 has learnt.
Corporates are the main consumers of short-term insurance products culminating

Read more

Pension’s asset base strengthens

Pension’s asset base strengthens

Staff reporter

Revaluation of investment property and quoted equities in response to currency reforms and inflation saw an 843 % increase in the pensions total asset base in the half year to June 2020.

The two asset classes increased by 1 263.41% and 657,10% respectively while the  total asset base of the industry increased to $66,41 billion as at 30 June 2020, up

Read more

Usage based Insurance to revolutionalise the insurance industry.

Staff reporter

Fanset International says its new offering, User Based Insurance (UBI) is set to revolutionalise the local insurance industry as it aims to assist insurance companies to offer dynamic pricing to their customers.

This will be through use of its special technology that analyses driver’s behaviors and giving them a ranking on top of being able to accurately reconstruct accidents on the

Read more