New regulatory body for medical aid societies
Staff Reporter
The government says it will establish a separate regulatory body under the Ministry of Health and Childcare to oversee medical aid societies.
This comes as the government last month proposed amendments to the Insurance and Pensions Commission (Ipec) (Amendment) Bill, 2020, approved that medical aid societies together with the National Social
WIZ urged to scout for development opportunities for members
Staff writer
HARARE, Patron of the Women in Insurance Zimbabwe (WIZ) who is also commissioner of the Insurance and Pensions Commission (Ipec) Grace Muradzikwa says the organization should scout development opportunities for women in Insurance as it seeks to groom assertive strong leaders.
WIZ which was formed last year with the purpose
Old Mutual Zimbabwe fungibility suspension extended to 2022
Staff Writer
HARARE, The suspension Old Mutual Zimbabwe shares fungibility together with PPC has been extended by another year to 2022, as government is still considering findings of a probe it commissioned on the dual listed companies.
In a latest extra ordinary Government Gazette, Finance Minister Mthuli Ncube said the suspension will run
Waica Re Zim looks beyond traditional asset classes
Staff Reporter
HARARE, Waica Re Zimbabwe says it is now looking beyond traditional asset classes for investment and is now eyeing the funeral sector as a possible market, Insurance24 has learnt.
Currently, Waica Re is invested heavily in property which ranks first on its portfolio at 40% followed by Agriculture at 27% .
Waica RE CE Wilberforce
Private sector covid 19 vaccines procurement advanced
Staff Writer
CIMAS Medical Aid Society, which plays a role of health advisor and programme manager to the private sector COVID-19 vaccination programme says the move has reached advanced stage, hence members should confirm their orders.
In a member bulletin the Society’s Chief Executive Officer Vulindlela Ndlovu advised members to confirm
NMB Bank’s digital innovation disrupts banking landscape
HARARE, NMB Bank has launched a Virtual Branch on their digital platforms, enabling customers to carry out all cash transactions online, including paperless multi-currency cash deposits and withdrawals, Dstv and Zimra cash payments, in a move set to disrupt the country’s banking landscape.
The enhanced NMBConnect platform also allows anyone
Old Mutual expects third wave due to slow vaccine rollout, sets aside a fund to cover Covid-19 claims
HARARE, Financial services group Old Mutual expects a substantial drop in its full-year profit, after setting aside nearly R4bn worth of provisions to cover Covid-19-related claims.
Headline earnings per share (HEPS), the main profit measure in SA that excludes exceptional items, will drop by between
NSA warns on pension fraud
Staff Writer
HARARE, The National Social Security Authority (NSSA) says it is aware of some scammers trying to defraud the Authority by submitting illegitimate and undeserving pension claims, when in actual fact they have not contributed to the pension.
The authority said undeserving claims entail a situation where people reap where they did not sow. In accordance with the
Women in Insurance Zimbabwe (WIZ) finally launches
Staff Writer
HARARE, The Women in Insurance Zimbabwe (W.I.Z) which was initially to launch in May last year, has now rescheduled its launch to March 12, 2021, as the organization continues to advance the upliftment of woman in insurance in Zimbabwe.
The initial launch was delayed due to the developments around COVID-19, with Zimbabwe instituting its
State of the Pension Fund Industry- Issue 2 of 2021
4 Decades On – How Well Has the Corporate Defined Contribution Pension Regime Fared!
(Part II of a Series)
In this second and final part of our two-part series on the topic, we explore the long array of quick fixes that have been rolled out to address the shortcomings, as highlighted in Part I, of the current corporate Defined Contribution (DC)