Regional markets boost Emeritus
Staff reporter
HARARE, Successful consolidation and claw back of participation on key group life business accounts and USD denominated business from the external market saw Emeritus ending the 5 months to May 2020 on a strong footing.
In a trading update, Zimre holdings, said despite the exchange rate distortions that fueled increases in claims, the claims ratio of
COVID-19 – A CATALYST FOR DIGITAL TRANSFORMATION
By Joice Benza
By the time the Covid-19 (the pandemic) struck, Digital Transformation which was driven by the fourth industrial revolution and disruptive technologies was at an advanced stage and just required a trigger to accelerate its pace. The pandemic presented itself as the handy trigger which has driven several transformation projects globally
Mtasa steps down from FMHL after 10 year tenure
Staff Writer
FIRST Mutual Holdings (FMHL) has made board changes with the resignation of Oliver Mtasa from the group’s chairmanship effective 07 August 2020, having completed his term of office.
The group in a statement noted that this was in line with the principles of good governance that require periodic rotation of directors and board revitalization.
COVID-19 ushers in new normal for short term -insurers
Staff Reporter
HARARE, PREMIUM income flows into short-term insurance industry will be negatively affected by individual and corporate loss of income exacerbated by low production due to the covid-19 restrictions, liquidity challenges and loss of purchasing power among the many challenges.
Financial resources of most corporates will be directed
Insurance debt remains attractive, refinancing need drives opportunity
The debt issuances of insurance and reinsurance carriers remain an attractive option for investors even under the shadow of the Covid-19 pandemic and there could be more opportunity to come.
Insurance and reinsurance company debt issues, private or otherwise, remain an asset that certain insurance-linked securities (ILS) fund managers
Pension funds invests in US$8 mln hotel construction
Staff Reporter
HARARE, Local pension funds have funded the development of an USD8 million luxurious hotel in Victoria Falls, over and above an initial injection of feasibility funding, provided by an international investor as part of the National Tourism Recovery and Growth Strategy.
The Mbano Manor Hotel Victoria Falls which was officially opened
Covid 19 – Funeral assurers considering reinsurance strategies?
Dorcas Chigodho
HARARE, As late as 2015, about 90% of funeral assurers in Zimbabwe did not have reinsurance as a risk management tool and to date the figure has shot to 100%.
With the Covid-19 pandemic weighing down on assurers, the risk position of funeral assurers is set to worsen.
Cassava Fintech and Liquid Telecom Group partner to launch Sasai Wi-Fi Finder in Zimbabwe
Service to accelerate digital and financial inclusion in Africa
London, England, August 6, 2020 – Cassava Fintech International (CFI) and Liquid Telecom Group (LTG) have announced the launch of the Sasai Wi-Fi Finder, a potential game-changer in driving digital and financial inclusion in Africa. The service,
Pensions industry pleads for waiver in payment of levies as Covid 19 takes effect
Staff Reporter
HARARE, The pensions industry is pleading for clemency on statutory requirements with relaxation of deadlines for submission of IPEC returns and a waiver in the payment of IPEC levies on the fore as the industry bows down to the effects of covid 19, Insurance24 can report.
The industry says these are trying
Govt gazettes VFEX exchange control regulations
Staff Writer
HARARE – Government has gazetted regulations that will guide the setting up of the Victoria Falls Stock Exchange (VFEX) under Exchange Control Regulations.
This comes as the Finance Minister has set an end of August deadline for the operationalisation of the exchange, according to Treasury sources.
The VFEX, which is being spearheaded