Staff Writer
WAICA Reinsurance Corporation Plc (WAICA Re) has established AFIN Bank UK Limited, a wholly owned subsidiary in the United Kingdom, a strategic move that marks a significant step in WAICA Re’s mission to strengthen financial ties between Africa and international markets.
AFIN, short for “Africa Affinity,” embodies WAICA Re’s deep-rooted connection to the African
Gandy Gandidzanwa & Itai Mukadira
We asserted, in Part I of this two-part thought-piece, that the pension fund industry finds itself at a cross-road. That the options are many, though the right ones are few – and while they are known, they are unpopular. They require some painful sacrifices. They are no populist choices…. Let’s dig in … Restoration
Staff Writer
Old Mutual Zimbabwe has advised the termination of the Pensions Plus product saying the product has ceased to be on offer effective 31 December 2024.
In a notice to pensioners who acquired the product, Old Mutual Zimbabwe said regulatory approval was sought and granted for this change to be put into effect.
“Old Mutual Zimbabwe wishes to advise its valued pensioners who acquired a Pensions
Staff Writer
Waica re Zimbabwe Manager-Life Clementine Chinyuku has been elected the Insurance Institute of Zimbabwe (IIZ) president, taking over from Tatenda Katoma.
In her acceptance speech at the recently held conference, Chinyuku said more work needs to be done to bring insurance to the people but also relevant and meaningful products.
“Increasing insurance awareness can help demystify our industry
By GANDY GANDIDZANWA & ITAI MUKADIRA
The old adage, “no pain, no gain” is as honestly brutal as it is stubbornly unsettling. Many acknowledge it, while only a few embrace it – and our pension fund industry is no exception.
The old adage, “no pain, no gain” is as honestly brutal as it is stubbornly unsettling. Many acknowledge it, while only a few embrace it – and our pension
Staff Writer
AFC Insurance says it is targeting to grow market share through provision of inclusive products mainly through agriculture insurance.
The AFC insurance company started operations in 2022 after being granted a licence by the Insurance and Pensions Commission.
AFC Insurance managing director, Cuthbert Masukume in an interview during an insurance index payout event recently said the company
Staff writer
WAICA Re Zimbabwe has joined the representative body for all life insurance companies in Zimbabwe, the Life Offices Association.
As a leading reinsurer, Waica Re is expected to bring valuable expertise and insights to the life assurance community, increasing capacity and the pool of reliable securities available to the industry.
The development comes as the company has now established
Staff Writer
Banking institution, CABS, a member of the Old Mutual Group recorded a surplus of Zig110,3 million in the half year to June 30, 2024 despite a challenging operating environment.
Group managing director Mehluli Mpofu in a statement of the financials said the performance demonstrated resilience in the reporting period in an environment characterised by high ZWL inflation in the first quarter
Staff Writer
Zimre Holdings Limited profit for the interim period to June 30, 2024 surged 52% to US$6,8 mln compared to US$4,5 mln in 2023 driven by robust revenue growth and effective cost containment.
In the period under review, the group achieved a 16% increase in total income, reaching US$15.0 mln, primarily driven by impressive growth in insurance contract revenue and substantial fair value gains
Staff Writer
Fidelity Life Assurance (FLA) says growth in USD business drove the group’s insurance contract revenue which rose 277% to US$8,2 million in the interim period to June 30, 2024 compared to US$2,2 million in prior year.
Group chairman Livingston Gwata in a statement of the financials said innovative product sales brought in new business and organic expansion as customers increasingly