THE ZAPF 4TH QUARTER 2020 MAGAZINE
THE COVID 19 pandemic will be with us for an unknown period. This is the new normal. It has called for an absolute new way of doing business. Pension Funds have to adapt to the new changes in order to survive the ongoing macro-economic turbulences. Read through the ZAPF 4th quarter magazine, to get an insight, on how the sector is adapting to new ways
Broker’s premium income in massive growth
Staff Reporter
HARARE, Premium income for the quarter ended September 30, 2020 for the insurance brokers increased by 785% in nominal terms to $2,4 billion from $268.68 million recorded during the comparative period driven by gradual premium increases in line with inflationary trends.
Net
NSSA refocuses investment strategy
Staff Writer
HARARE, The National Social Security Authority (NSSA) says it is currently implementing a refocus strategy that involves divesture, consolidation, and optimisation of its investments to unlock value for the benefit of its members who include pensioners and contributors.
Arthur Manase, NSSA’s General Manager, in a statement said the authority will
IPEC applauds funeral assurance sector for dignified send-offs
Staff Writer
HARARE, INSURANCE industry regulator, IPEC has applauded the funeral assurance sector for the role they are playing in giving dignified send-offs loved ones even under difficult circumstances brought about by the Covid 19 pandemic.
Grace Muradzikwa, the Commissioner Insurance, Pension & Provident Funds, said the Commission,
FHML lifts ZSE turnover
HARARE, Insurer, First Mutual Holdings was among Wednesday’s top performers on the Zimbabwe Stock Exchange (ZSE), after trading $35,9 million worth of shares. This saw turnover for the day reaching
$88,7 million from 8,1 million shares, supported also by a good trade values in Delta which traded $24,6 million. The All Share Index was down 0,88 percent to close at 2,451,05
How are insurance regulators in sub-Saharan Africa being affected by, and responding to, COVID-19?
HARARE, The COVID-19 pandemic and the measures governments have imposed to curb its spread continues to have far-reaching consequences for insurance industries across sub-Saharan Africa (SSA). In the midst of increasing uncertainty, insurance regulators have had to explore a range of options to ensure
The Ultimate Guide to Life Insurance
The topic of life insurance can be somewhat confusing and downright scary to think about.There comes a point in everyone’s life where we have to remember that we aren’t going to be around forever. We’re hoping someone will discover the fountain of youth in the next few years, but for now, you probably have lots of questions about how to support your loved
Life Reassures GPW respond to premium increases
Staff Writer
HARARE, The volume of life reassurance business written, in terms of Gross Premium Written (GPW), increased by 528,70% from ZWL$12.54 million reported for the nine months-ended 30 September 2019 to ZWL$78.84 million as at September 30, 2020.
Ipec, in its 9 months report on Life Reassurers, said the growth in GPW was attributable to an increase
Rise in Covid-19 deaths could overwhelm an under-capitalised funeral insurance industry
HARARE – The surge in COVID19 cases and related deaths has stretched the capacity of the funeral assurers. According to Zimbabwe Association of Funeral Assurers (ZAFA) general manager Taka Svosve, the demand for the funeral services is on an upward trajectory with capacity in an undercapitalized sector currently
HIGHLIGHTS: Short-term insurance sector for the nine months ended 30 September 2020
Staff Writer
HARARE, Total Gross Premium Written (GPW) by short-term insurers for the Zimbabwe dollar denominated business amounted to ZWL4.63 billion, reflecting an increase of 634.94% from ZWL629.97 million reported for the comparative period in 2019.
The total business written by reinsurers increased by 599.23%