FBC Insurance focuses on product development
Staff Writer
FBC Holdings Limited says its insurance business has remained focused on product development and penetrating new market segment despite the operating environment which has negatively affected the uptake of insurance products.
In its HY2021 results the group said it had accorded special focus on micro insurance.FBC group chairperson
Pension Funds Infrastructure Investments – Who Benefits?
The contentious issue surrounding infrastructure development investing for pension funds is the question – is it the role of the private sector, pension funds in particular, to develop infrastructure? Is this not instead the sole responsibility of the government of the day? Further, is it not that pension funds’ first responsibility
Ipec directs pension industry to cushion pensioners
Staff Writer
The Insurance and Pension Commission (Ipec) has immediate directed the pension industry to apply ZW$36 000 in the determination of
commutation and preservation amounts for pensioners as it seeks to cushion pensioners from the ever deterioration pension benefits.
The monthly pension applicable for commutation and preservation purposes
ZB Life Assurance launches enhanced cash funeral plan
ZB Life Assurance, a subsidiary of ZB Financial Holdings, has launched an enhanced ZB Cash Funeral Plan to provide post-burial benefits to the policyholder, in addition to the cash benefits that assist with the financing of funeral and burial costs.
The enhanced product will help bereaved families to cope with post-burial expenses that are often
Insurers embrace disruption with reskilling of talent
HARARE, Over the past 16 months, the ways people work and live have been fundamentally impacted. The expectations are that even following the COVID-19 pandemic, organisations across industry sectors can no longer revert to their traditional approaches. Insurers have already taken this to heart and have redoubled efforts to modernise and digitalise
ICZ makes timely Covid-19 donations
Staff Writer
HARARE, The Insurance Council of Zimbabwe (ICZ) donated 40,000 litres of diesel to the Civil Protection Unit which will be used through the Ministry of Health and Child Care and 270 grocery hampers worth $925,000.
The fuel donation was presented to President Emmerson Mnangagwa by the Chairman of ICZ, Patrick Kusikwenyu.
Kusikwenyu said that the third
Cassava Smartech Insurtech business grows
Staff Reporter
HARARE, Cassava Smartech’s Insurtech business continues to grow in the positive territory buoyed by writing new short term and life insurance policies as it grows the customer base for all insurance products.
“New products and alternative payment channels were introduced leading to a doubling of our short-term insurance customers,” the
Dear reader, please find attached the Zimbabwe Association of Pensions Fund (ZAPF) second quarter 2021, E-magazine…Happy reading….ZAPF Q2_Magazine f
Reimagining insurance from the outside in
HARARE, In the wake of COVID-19, insurance customers are looking for more than most insurers typically offer. They are looking for protection from all forms of controllable adversity.
To meet these new customer demands, insurers need to move from traditional risk indemnification models to proactive risk mitigation and management. This means changes in both
Old Mutual Life Assurance invests into solar project
Staff Reporter
HARARE, OLD Mutual Life Assurance Company has applied for a license from ZERA to construct a modest 648kW solar photovoltaic power plant at its headquarters in Harare.
The company has since applied for a licence from the Zimbabwe Energy Regulatory Authority allowing it to sell the surplus in terms of electricity licensing regulations