Staff Writer
Insurance industry regulator, Ipec says life assurers should take appropriate measures to safeguard their products from possible abuse in high-risk jurisdictions where they are offering services.
In its life assurance report for the March 2024 quarter, Ipec said six life assurances indicated the existence of branches in areas considered to be domestic high-risk areas, such as artisanal
Staff Writer
Zimre Holdings Limited (ZHL), a Pan-African investment group, has made three new executive appointments as part of ongoing efforts to reenergize the group’s brands.
The new appointments are effective July 1, 2024.
“These strategic appointments are part of our ongoing efforts to reenergize the Group’s brands and align with our commitment to drive innovation, enhance customer experience,
Staff Writer
Econet Wireless Zimbabwe says synergies between its digital insurance platforms and mobile money ecosystem continue to drive increased adoption and cross-selling opportunities.
The group’s insurance business falls under the Financial Technology (Fintech) segment anchored by the mobile money business.
The segment in the quarter to May 31, 2024 delivered a strong performance driven primarily
Staff Writer
AfrexInsure says it was among industry leaders and experts that discussed the future of insurance in Africa at the 50th African Insurance Organization (AIO) Conference in Namibia.
AfrexInsure said it had the privilege of attending and sponsoring the conference, a significant event brought together industry leaders.
“Our team, led by CEO Jonas Mushosho, was proud to be part of
HARARE, When authorities in 2022 sought to compensate for loss of value caused by the 2019 currency changes through a US$75 million Kuvimba disbursement, the process was met with several hurdles.
Key among the hurdles in this compensation, was data integrity and the Treasury made several calls for the regulator, the Insurance and Pensions Commission (Ipec), to ensure the matter was resolved.
Treasury
Staff Writer
CABS tonight celebrated 75 years of existence in Zimbabwe where it has displayed unwavering commitments to the country, economy and communities.It is a story of resilience.
“As we look to the future, we are ready to redefine the boundaries of what’s possible in the financial services industry guided by our co-values, focus on delivering exceptional customer experience and
By Gandy Gandidzanwa and Itai Mukadira
If there is one thing that has been proven over and over again in the last two decades, it is that the ZSE alone cannot be relied on for value preservation. Some investment management pundits are though quick to counter this by demonstrating that it has beaten official price inflation over the period. A deeper analysis, however, shows how dismally it has fared
Staff Writer
HARARE, WOMEN In Insurance Zimbabwe (WIZ) has moved to promote professionalism and support the growing number of women in the insurance industry through a mentorship programme.
The mentorship program launched on Monday was attended by over 60 participants across Africa as it aims to address the lack of accessible mentorship opportunities that many young professionals and university students
Staff Writer
HARARE: The Insurance and Pensions Commission (IPEC) has approved Mimosa Pension Fund’s pre-2009 compensation scheme after it complied with all the requirements of Statutory Instrument 162 of 2023 (pre-2009 pension compensation regulations).
In a statement, Ipec said the approval paves the way for the fund to commence the compensation exercise.
“Once a compensation scheme is approved,
By Gandy Gandidzanwa and Itai Mukadira
Most retirement fund members continue to struggle to secure housing finance despite having accumulated significant pension fund credits. Most are not able to buy residential properties, not only in the urban centres, but also even in the hometowns of the rural areas they retreat to at retirement.
The general home loan market is characterized by a predominance