Victoria Falls Stock Exchange to launch this Friday
Staff reporter
HARARE, The Victoria Falls Stock Exchange Limited (“VFEX”) has been granted the approval to launch and commence trading of securities by the Securities and Exchange Commission of Zimbabwe (SECZ).
The official opening of VFEX is scheduled for Friday 23 October 2020, at its new offices in Victoria Falls. The Minister of Finance and
General economic decline impacts short term insurers
Staff Reporter
While the covid-19 lockdown contributed to the decline in performance in the short term insurance sector , the general decline in the economic growth of the country has taken a toll on the performance of corporates, Insurance 24 has learnt.
Corporates are the main consumers of short-term insurance products culminating
Pension’s asset base strengthens
Staff reporter
Revaluation of investment property and quoted equities in response to currency reforms and inflation saw an 843 % increase in the pensions total asset base in the half year to June 2020.
The two asset classes increased by 1 263.41% and 657,10% respectively while the total asset base of the industry increased to $66,41 billion as at 30 June 2020, up
Staff reporter
Fanset International says its new offering, User Based Insurance (UBI) is set to revolutionalise the local insurance industry as it aims to assist insurance companies to offer dynamic pricing to their customers.
This will be through use of its special technology that analyses driver’s behaviors and giving them a ranking on top of being able to accurately reconstruct accidents on the
Insurers should balance benefits and effects of data sharing
Staff Reporter
As insurance companies embrace the use of digital data, they must remain cognisant of balancing its benefits and effects by ensuring that clients are comfortable either with use of the data or sharing such data, Insurance 24 has learnt.
This was said by Emeritus Re Head Reassurance and Underwriting, Clementine Chinyuku during
VFEX launch imminent as it gets licence
Staff Reporter
The Securities and Exchange Commission of Zimbabwe (SecZim) has licensed the Victoria Falls Stock Exchange Limited (“VFEX”), paving way for its planned opening.
This is in accordance with the Securities and Exchange Act, Chapter 24:25. VFEX which shall be a foreign currency denominated platform is a subsidiary of the Zimbabwe Stock
Low micro-insurance uptake trends still worrying
Staff Reporter
HARARE, Deteriorating disposable incomes fueled by the current economic status as well as lack of innovation have become the major obstacles in the uptake of micro insurance in Zimbabwe at a time the industry is struggling with confidence issues.
Micro insurance is a mechanism to protect low income people against risk, such as accident,
ZAPF holds training workshop
HARARE, THE Zimbabwe Association of Pension Funds (ZAPF) will be hosting a webinar training workshop focusing on the impact of COVIDS 19 and currency reforms on the pensions industry.
Joice Benza, managing director X-pert Solutions and Nobert Phiri, (Insurance partner Muvingi and Mugadza) will be some of the presenters.
Data confidentiality and Integrity critical for Insurance and Pensions
Joyce Benza
A resilient Cybersecurity strategy must continually evolve in order to remain relevant to the environment.
The Strategies in the Covid-19 pandemic environment must also align with prevailing and possible future anticipated threats based on the “current and next normal”.
Yester-year Strategy for many no longer defend
INSIGHTS into the Motor Insurance Pool (MIP)
Victims of road traffic accidents involving foreign registered vehicles have been accessing compensation under the Motor Insurance Pool (MIP) upon lodging their claims. Unfortunately, some claims have gone unpaid due to non-fulfilment of requirements.
Some policyholders or victims have not been lodging claims due to inadequate knowledge of the processes