Four insurance brokers’ licenses cancelled
Staff writer
HARARE, Insurance and Pensions Commission (Ipec) has cancelled registration certificates for four insurance broking companies on the basis of lack of compliance to Ipec requirements.
The companies are Ambassador Insurance Brokers, Auto and General Insurance Brokers, Hostcare Insurance Brokers, and Revival Insurance Brokers.
In a statement, Ipec
Funeral Assurers pleads for review of minimum regulatory capital
Staff Reporter
HARARE, THE Zimbabwe Association of Funeral Assurers (ZAFA) has pleaded with the sector’s regulator IPEC for a review of the sectors minimum capital requirement which it said was higher than fellow insurers who trade in more than one product.
Solomon Chikanda, the ZAFA president, told stakeholders at a breakfast meeting,
Old Mutual Insurance Company win Best Corporate Governance Disclosure award
Staff Reporter
HARARE, OLD Mutual Insurance Company was declared the overall winner of the Best Corporate Governance Disclosures Award for the insurance sector at the Institute of Chartered Secretaries and Administrators Excellence in Corporate Governance Awards ceremony at held in Harare on Wednesday evening.
The first runner-up
Government embraces a fully funded pension scheme
Staff Reporter
Government says it is moving from Pay as you go pension scheme to a fully funded pension scheme, which requires an equivalent of US$4,8 billion based on 2012 actuarial valuation report.
The objective is to gradually capacitate the Fund to ensure it attains its objective of promoting and protecting the pension contribution and rights of
Pension funds should respond to new normal: ZAPF
Staff Writer
HARARE, Pensions fund investments should respond to the new normal by diversifying into E –commerce while also lowering rentals to retain higher occupancy ratios, Insurance24 has learnt.
This comes as the impact of the lockdown on tenants’ businesses is set to have an adverse effect on rental income streams and spike the level of voids
Java spells out IIZ vision as he assumes presidency
Staff Writer
The Insurance Institute of Zimbabwe (IIZ) new president Rueben Java says will continue with initiatives already underway to explore ways to grow IIZ brand and ensure the standards of the institute are upheld.
Java takes over from Mapiye Chigorondondo and will head the institution for the 2020/21 term of office.
“I am taking over this
TROPICAL RE sets focus on sustaining growth- Tropical RE
Tropical ReInsurance was recently conferred with a BBB+ rating by GCR, a major milestone in the history of the Reinsurer.
Insurance24 (24 ) I spoke to Tropical RE Managing Director USHE Mungaraza (UM) to understand what this meant to Tropical Re.
Find the interview below:
I24: You have received a BBB+ GCR rating. Tell us more about this
UM:
COVID-19 generates numerous scams
HARARE, COVID-19 scams have included supposed cures, fake testing sites and counterfeit personal protective equipment (PPE), Dr Katlego Mothudi, managing director of the Board of Healthcare Funders, a regional healthcare funders’ body, said last week.
Addressing an Association of Healthcare Funders of Zimbabwe all stakeholders’ webinar on health on Wednesday,
Public Service, Labour and Social Welfare Minister Paul Mavhima has dissolved the National Social Security Authority (NSSA) board with immediate effect with a three member interim board having been in put in place.
Staff Reporter
Mavhima said NSSA is currently engaged in a strategic reorganisation and restructuring exercise which has been necessitated by the
ZHL offer to ZPI minorities successful
Staff Writer
ZIMRE Holdings Limited (ZHL) says ZPI’s offer to minorities has been successful, paving pay for finalization of the transaction which will also culminate in the de-listing of ZPI from ZSE.
The Offer, which was announced on 9 September 2020, opened on 11 September 2020 and closed on 16 October 2020.
“The Boards and Management of Zimre Holding