Insurers should balance benefits and effects of data sharing

Insurers should balance benefits and effects of data sharing

Staff Reporter

As insurance companies embrace the use of digital data, they must remain cognisant of balancing its benefits and effects by ensuring that clients are comfortable either with use of the data or sharing such data, Insurance 24 has learnt.

This was said by Emeritus Re Head Reassurance and Underwriting, Clementine Chinyuku during

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VFEX launch imminent as it gets licence

VFEX launch imminent as it gets licence

Staff Reporter

The Securities and Exchange Commission of Zimbabwe (SecZim) has licensed the Victoria Falls Stock Exchange Limited (“VFEX”), paving way for its planned opening.

This is in accordance with the Securities and Exchange Act, Chapter 24:25.  VFEX which shall be a foreign   currency denominated platform is a subsidiary of the Zimbabwe Stock

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Low micro-insurance uptake trends still worrying

Low micro-insurance uptake trends still worrying

Staff Reporter

HARARE, Deteriorating disposable incomes fueled by the current economic status as well as lack of innovation have become the major obstacles in the uptake of micro insurance in Zimbabwe at a time the industry is struggling with confidence issues.

Micro insurance is a mechanism to protect low income people against risk, such as accident,

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ZAPF holds training workshop

ZAPF holds training workshop

 HARARE, THE Zimbabwe Association of Pension Funds (ZAPF) will be hosting a webinar training workshop focusing on the impact of COVIDS 19 and currency reforms on the pensions industry.

Joice Benza, managing director X-pert Solutions and Nobert Phiri, (Insurance partner Muvingi and Mugadza) will be some of the presenters.

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Data confidentiality and Integrity critical for Insurance and Pensions

Data confidentiality and Integrity critical for Insurance and Pensions

Joyce Benza

A resilient Cybersecurity strategy must continually evolve in order to remain relevant to the environment.

The Strategies in the Covid-19 pandemic environment must also align with prevailing and possible future anticipated threats based on the “current and next normal”.

Yester-year Strategy for many no longer defend

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INSIGHTS into the Motor Insurance Pool (MIP)

INSIGHTS into the Motor Insurance Pool (MIP)

Victims of road traffic accidents involving foreign registered vehicles have been accessing compensation under the Motor Insurance Pool (MIP) upon lodging their claims. Unfortunately, some claims have gone unpaid due to non-fulfilment of requirements.

Some policyholders or victims have not been lodging claims due to inadequate knowledge of the processes

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Regional markets boost Emeritus

Regional markets boost Emeritus

Staff reporter

HARARE, Successful consolidation and claw back of participation on key group life business accounts and USD denominated business from the external market saw Emeritus ending the 5 months to May 2020 on a strong footing.

In a trading update, Zimre holdings, said despite the exchange rate distortions that fueled increases in claims, the claims ratio of

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COVID-19 – A CATALYST FOR DIGITAL TRANSFORMATION

COVID-19 – A CATALYST FOR DIGITAL TRANSFORMATION

By Joice Benza

By the time the Covid-19 (the pandemic) struck, Digital Transformation which was driven by the fourth industrial revolution and disruptive technologies was at an advanced stage and just required a trigger to accelerate its pace. The pandemic presented itself as the handy trigger which has driven several transformation projects globally

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Mtasa steps down from FMHL after 10 year tenure

Mtasa steps down from FMHL after 10 year tenure

Staff Writer

FIRST Mutual Holdings (FMHL) has made board changes with the resignation of Oliver Mtasa from the group’s chairmanship effective 07 August 2020, having completed his term of office.

The group in a statement noted that this was in line with the principles of good governance that require periodic rotation of directors and board revitalization.

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COVID-19 ushers in new normal for short term -insurers

COVID-19 ushers in new normal for short term -insurers

Staff Reporter

HARARE, PREMIUM income flows into short-term insurance industry will be negatively affected by individual and corporate loss of income exacerbated by low production due to the covid-19 restrictions, liquidity challenges and loss of purchasing power among the many challenges.

Financial resources of most corporates will be directed

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