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
HARARE, Insurers should view the changing regulatory environment as an opportunity to redouble their focus on innovation, introducing more product flexibility, and enhancing customer experience with a data-driven understanding of their unique requirements. This will see an enabling transformative shift that will redefine the industry for a digitally-led landscape.
Regulatory technology is emerging
HARARE, Welcome to the 2021 first issue of the ZAPF Magazine. In this issue we look at various pension issues concerning the industry being guided by the theme; The Future of Saving: The Role of Pension Systems. Pension Funds are crucial in any economy as they play a big role in the development of the economy. Click the link below for the magazine ZAPF Pension Magazine Q1 2021
Happy reading
Investment Policy Statement – It’s not Just a Statement, It’s a Policy Matter!
While almost every pension fund has one, not every fund is consistently and loyally abiding by the provisions of their Investment Policy Statement (IPS). It’s certainly no news to most trustees that failure to diligently follow an investment policy statement is considered a breach of fiduciary responsibility, and
CABS/ European Investment bank unveil EUR 15 million covid resilience facility
Staff Reporter
HARARE, THE European Investment Bank (EIB) has agreed to support EUR 15 million of new long term financing for entrepreneurs and businesses across Zimbabwe in cooperation with the leading local bank CABS.
The first ever partnership between the European Investment Bank, the world’s largest international
The evolution towards continuous underwriting
HARARE, One of the next-generation practices that insurers are looking to adopt to further differentiate themselves and add value to the customer experience is that of continuous underwriting. Essentially, this equips them with the means to collect meaningful data from a variety of sources before, during, and after the risk evaluation timeframe. It therefore
9 customer experience mistakes you must now avoid at all cost.
HARARE, Today’s business world is characterized by very tough competition and survival can no longer be guaranteed to the fittest but to those that are fast to embrace customer experience concept no matter the size of the firm. Product and price advantages can now be easily copied unlike a strong customer service culture. It is now
Pensions sector asset base increase to $6,42 billion
Staff Reporter
HARARE, The Pensions sector’s asset base increased by 479,44% in nominal terms to ZW$372 billion from ZW$6.42 billion reported at 31 December 2019 driven by revaluation of investment property and quoted equities which amounted to ZW$12.53 billion and ZW$17.28 billion, respectively.
The Insurance and Pension Commission fourth quarter
HARARE, With one of the world’s highest unemployment levels, an ultra-expensive financial services sector, an SMEs-driven economy, very small average fund size, and a significant informal sector, the Zimbabwean pension fund industry is most perfectly placed for a speedy-but-structured transitioning into a robust and dynamic umbrella-fund-dominated sector. All it requires is a genuinely member-centric
Zimbabwe celebrating global money week.
HARARE, As we celebrate global money week, here we try to demystify insurance in general for the benefit of young people.
What is global money week?
This is a global money alertness campaign on the importance of financial coaching, financial attachment and entrepreneurship skills for young people.
At insurance 24 we have seen that there is no financial education