IPEC seeks to restore confidence in insurance pensions industry
Staff Reporter
HARARE- GRACE Muradzikwa, the IPEC Commissioner, has said one of the commission’s 2020 strategic objective was to restore and build confidence in the insurance and pensions industry following loss of value by consumers.
She was speaking at a graduation ceremony for the 2019 class of the IPEC Journalism Mentorship
The state of digital transformation for insurers
HARARE, Some consider financial services firms to be at the forefront of innovation when it comes to digital transformation initiatives. Although the emergence of fintechs have resulted in incumbents transitioning into a technology-centric environment even faster than before, the challenge many of these incumbents face is to identify the
Global Risks Report 2020: The key takeaways
If there was a predominant takeaway from the Global Risks Report 2020, published by the World Economic Forum in collaboration with Marsh & McLennan and Zurich Insurance Group, it was that: “The world cannot wait for the fog of geopolitical and geo-economic uncertainty to lift.”
For the first time in the 15 year history of this annual risk report,
Cassava’s insurtech business in growth trend
Staff Reporter
HARARE, Cassava’s insurtech business has been trading on an upward trend with a 17% growth recorded in life policies in the nine months to November 2019.
In a third quarter report, the group company also said the short-term insurance business recorded a significant growth at 5,050% compared to same period last year.
“The
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
Life assurers flex muscles
PHIL MHLANGA
HARARE-ZIMBABWE’S funeral assurance companies find themselves in a precarious position following mounting threats from life assurance firms who are now writing 90% of funeral business in the country.
The strong presence of life assurers in the funeral market appear to be stoking the situation, making it difficult for dedicated funeral assurers to stay afloat
Hollard Partner Solutions joins forces with SilverBridge for its core insurance system Exergy
HARARE, SilverBridge has entered into a contract with The Hollard Life Company to implement the Exergy cloud-based policy administration system for the Hollard Partner Solutions business, a division of the well-known South African insurer.
“Our organisation has worked with the Hollard group for
Poor underwriting methods threat to insurers
Staff writer
Poor underwriting methods have been identified as one of the threats to the survival of insurance companies and have serious hindrance to service delivery.
Delivering her keynote speech at the ongoing workshop hosted by Insurance Council of Zimbabwe (ICZ) and Association of Insurers and Reinsurers of Developing Countries, Elizabeth Wyns-Dogde,(
Arrear pension benefits rise 100% in Q3, 2019
Staff Writer
The Insurance and Pensions Commission (Ipec) says the arrear pension benefits have shot up 100% to $87, 07 million in Q3 2019 from $77,77 million in half year 20 19 while unclaimed benefit liabilities marginally declined $32,44 million in the comparable period.
In its Q3 pension’s industry report, Ipec said the increase in the arrear pension