Fidelity Life moves to de-risk from Zim Market
Staff writer
HARARE, Fidelity Life Assurance says its strong balance sheet and diversified income streams provide offsetting stability and growth while its ability to de-risk from Zimbabwe by actively seeking opportunities in the region and beyond will also play a major role in prospects for the coming year.
While the board chair person Fungai Ruwende
FMHL gross premium written up 2% to $5,9 billion in 2020
Staff Reporter
HARARE, First Mutual Holdings (FMHL) gross premium written (“GPW”) for 2020 grew two percent to $5,9 billion as a result of organic growth on the existing portfolio and the continuous revaluation of insurance policy values in line with inflation to ensure clients had adequate cover.
Rental income for the year also amounted
How can insurance brokers survive the hard market?
HARARE, “The effects of the hard markets on the broking sector are well publicised and often discussed. However, there’s a whole generation of insurance professionals that are seeing this for the first time and it is creating a challenging business environment for many of us, as brokers, and our clients.”
Introducing the BIBA webinar on ‘Knowledge
Micro-Pensions – Ultimate Solution to the Poverty-in-Old-Age Plague for those in our Informal Sector?
The IMF puts our informal sector contribution to GDP, based on 2010-2014 surveys, at a staggering 50%. Fast forward that to post-COVID-19-induced lockdowns and ensuant company closures, a strong case can be made that the informal sector contribution to total GDP can only have grown higher. This
Term life insurance policy demystified
By Farai Francis Zhara
He came in the office and was visibly in a very jubilant mood. He tossed his policy document on the table and explained that in few months’ time his policy will mature and so wanted to make the claim well in time because he wanted that money early enough to buy air ticket for his son who was going to study abroad, another figure was intended
ZBF Holdings gross insurance premiums up 7% in Q1, 2021
Staff Reporter
HARARE, ZB Financial Holdings group gross insurance premiums increased by 7% with the related insurance expenses reducing by 11 percent between first quarter 2021 and first quarter 2020.
ZB Holdings insurance units include ZB Life and ZB Re and the group has over the years been looking at setting up offshore insurance services.
“The
The COVID-19 pandemic has disrupted the face-to-face engagement process many insurers (and their customers) have become accustomed to. Events of the past 12 months have accelerated digitalisation and modernisation initiatives to ensure organisations can maintain operational effectiveness with the potential to grow in a more connected environment. The personalised, omnichannel customer journey has
Ipec urges review of 50% participation on REITS by pension funds
Staff writer
HARARE, Insurance of Pensions Commission (Ipec) Commissioner Grace Muradzikwa says Ipec has engaged Government to review the limit of 50% participation in Real Estate Investment Trusts (REITS) by pension funds.
REITS are seen creating the much-needed liquidity for the industry to meet its obligations while also promoting
Zim to host Eastern and Southern Africa Insurance regulators
Staff Writer
GOVERNMENT has given the green light to the Organization of Eastern and Southern Africa Insurers (OESI) to host a meeting of Insurance regulators in Zimbabwe following as request by Ipec.
Information minister, Monica Mutsvangwa, said cabinet approved the request on basis that the meeting be hosted on a large venue in Victoria
Pensioners get representation at NSSA board
HARARE, GOVERNMENT has directed that a seat be reserved for pensioners in the National Social Security Authority (NSSA) board.
The pensioners’ representative will serve as an ex-officio member, though without voting rights. Public Service, Labour and Social Welfare Minister, Professor Paul Mavima, revealed this in Bulawayo last Friday during a NSSA stakeholders