Law Society/IPEC goes after unregistered legal aid societies
Staff writer
HARARE, The Law Society of Zimbabwe (LSZ) and Insurance and Pensions Commission (IPEC) of Zimbabwe are collaborating with the police in an effort to weed out illegal aid societies amid indications that despite their enormous numbers they are not registered with the regulator.
In a joint statement, LSZ and Ipec said a number of
Insurance sales targets exerting pressure on agents
Paradzi Masvingise
HARARE-“These days, the competitive environment is extremely challenging for most companies. The price, cost and innovation pressure is strong. At the same time, the expectations by the investors are very high: The return on the invested capital ought to be maximal.
“Companies set ambitious targets, which are defined for different
Lion Microfinance Limited curatorship extended
Staff Writer
HARARE, Zimbabwe bank depositors’ insurer, the Deposit Protection Corporation (DPC)’s curatorship for Lion Microfinance Limited has been extended up to July 31, 2020.
The Reserve Bank of Zimbabwe on July 26, last year, placed the institution under the curatorship of the DPC for a period of three months, citing under capitalization and
ABOUT ZEP-RE
ZEP-RE (PTA Reinsurance Company) was created under the auspices of the then Preferential Trade Area (the precursor to COMESA).
The Company was to promote the trade in insurance and reinsurance trade through creation of capacity, training of the region’s insurance personnel, provision of technical services and the re-investment of premium funds within the region. When the Preferential
CBZ Holdings net underwriting income up 20% in 2019,
……….As Bank launches money transfer center
Staff Writer
HARARE, CBZ Holdings net underwriting income grew 20,8% in 2019 to $69 million compared to $57 million in 2018 largely driven by growth in gross premium insurance.
The group’s 2019 financials shows that gross premium insurance grew 34% to $199 million from $148 million recorded
Good Day Valued Reader
Please find attached Zimbabwe Association of Pension Funds (ZAPF) Magazine PDF.
You can also access ZAPF Magazine using the link below https://www.flipsnack.com/gwiti/zapf-magazine-2020.html.
Should you wish to contribute an article or advertise in the next issue please do not hesitate to contact us at: [email protected]; [email protected]
Enjoy reading ZAPF Magazine.
Digitalising customer engagement vital for retail insurance growth
HARARE, One of the realities of the current COVID-19 pandemic is the fact that it has made people realise the importance of having adequate life, disability, and funeral cover in place. And with clients considered the most disruptive force in the insurance industry, insurers would do well to ensure they provide innovative retail products
advertise here
26 pension funds dissolve in 2019
Staff Writer
HARARE, Financial challenges prevailing in the country has seen 26 pension funds undergoing dissolution in 2019 with four dissolution’s having already been finalized.
Naturally, the performance of the insurance and pensions industry follows the fortunes of the economy and Zimbabwe has going through plethora of challenges ranging
Ipec working to ensure prescribed assets status is given to value preserving assets
Staff writer
HARARE, The Insurance and Pension Commission (Ipec) says its working with government to ensure prescribed assets status is given to value preserving assets, Insurance 24 can report.
Zimbabwe’s present inflationary environment has increased the risks associated PA investments, particularly in as
FBC Insurance units in hyperinflation induced losses
Staff Writer.
HARARE, Zimbabwe’s unrelenting hyperinflationary environment has hit hard FBC Insurance and Reinsurance units with both recording losses in the year ended December 31 2019 although its full impact on traditional business was reduced by the in-house investments strategies that increased investment income.
FBC insurance recorded an