Investment property/Equities boost pension’s industry asset base
Staff Reporter
HARARE, The pensions’ industry’s asset base increased by 175,8% to ZW$16,41 billion ( in nominal terms) in the FY December 2019 from ZW$5,95 billion as at 31 December 2018 to $16,41 billion as at 31 December 2019 although it has declined in real term to USD$ 0,98 billion in real terms during the same period.
The growth
Understanding disruption in insurance
Disruption is a term used increasingly often in a digital environment. But what does it mean for insurers looking to differentiate themselves from the rise of agile insurtechs and fintechs? Jaco Swanepoel, founder and CEO of SilverBridge, examines the impact of disruption in insurance.
Disruption refers to a process that breaks or interrupts the normal course
Zimnat introduces courtesy car and new claims process
HARARE, Zimnat General Insurance recently launched a new motor claims process and a towing and courtesy car service to make life as easy and stress-free as possible for its comprehensive motor insurance policyholders if they are involved in a road accident.
“Being involved in an accident is quite traumatic. We want to help our clients and relieve
CBZ Insurance to grow on new strategy
Staff Reporter
CBZ Holdings says it sees growth in the group’s insurance business going forward hinging on new strategies the group is implementing, Insurance 24 has learnt.
The group board chairperson Marc Holtzman last week said the growth of insurance is positive leveraging on the fact that insurance penetration rate is only 2%.
“We have our insurance business
Deposit Protection Corporation increases cover level
Staff reporter
HARARE, Pursuant to the provisions of section 41(1) of the Deposit Protection Corporation Act [Chapter 24:29], the public is hereby advised that effective 1 January 2020, the deposit protection cover level has been increased from ZWL1,000 (One Thousand Zimbabwean Dollars) to a maximum of ZWL10,000 (Ten Thousand Zimbabwean Dollars)
Insurers protect yourselves
HARARE, Given the migration of insurers to digital channels and the large amount of sensitive personal information they store, it should come as no surprise that cyberattacks are becoming increasingly prevalent. Yunus Scheepers, CTO at SilverBridge Holdings, examines the importance of cyber security.
“Providing some element of protection in the policies themselves as
Insurance and Pensions Apex Council pleads to re-dollarisation
Staff reporter
HARARE, The Zimbabwe Insurance and Pensions Apex Council (ZIPAC) has pleaded with the Finance minister to allow the sector to re-dollarise in the face of a growing informal sector.
Zipac board chair Tassius Chigariro, yesterday told the industry during the inaugural insurance and pensions industry breakfast meeting which
Government commit to reform insurance and pensions sector
Staff Writer
FINANCE Minister Mthuli Ncube has said government is seized with legal reforms targeted at the legislation governing insurance and pensions and expect three bills to be sent to parliament by the first half of the year.
In his inaugural meeting with industry players, Ncube said the bills have taken too long at drafting stage.
“I
First Mutual Health reviews contributions to cushion against shortfalls
HARARE, First Mutual Health — a subsidiary of First Mutual Holdings that offers medical aid insurance schemes has reviewed corporate member contributions upwards effective January 1, 2020.
The company offers medical insurance schemes through packages that range from general medical to more comprehensive private medical cover
CBZ reintroduces international travel insurance: PRODUCT REVIEW
HARARE, CBZ Insurance recently unveiled its international travel insurance set to benefit policy holders on matters of personal safety, baggage damage and other unforeseen financial losses going away for trips.
The programme covers business or recreational travellers.
Under the insurance initiative, CBZ Insurance undertakes to ensure those