Old Mutual in talks to acquire Moonlight Funeral Assurance
HARARE – Old Mutual is in talks to acquire Moonlight Funeral Assurance as part of its efforts towards forward integration, complementing its life business.
Old Mutual is the country’s largest life assurance company controlling about 38.71% of the market in June 2019 in terms of revenue and 79.71% in terms of assets. Old Mutual
ZIMRE HOLDINGS awarded: A PEEP into ZHL’s operations
HARARE, On 21 November 2019, ZimRe Holdings Limited (“ZHL”) was selected by the Institute of Chartered Secretaries and Administrators (“ICSAZ”) as the First Runner Up in the Insurance Category, in the 2019 Excellence in Corporate Governance Awards. The Awards were instituted by ICSAZ with the main intention and objective of promoting
Insurance brokers’ role being underplayed.
HARARE, Insurance service seekers haves over the years relied on insurance brokers for advice on insurance products and risks among others.However there has been an emergency of such services a banc assurance and insurance agents that are cutting the role of the brokers. In the past brokers have accused them of conditional selling of insurance saying
New IIZ president spells out vision
Staff Reporter
VIC Falls: The Institute of Insurance of Zimbabwe (IIZ) has elected Mapiye Chigorondondo as its new president at the just ended annual general meeting in Victoria Falls.
Chigorondondo who has over 26 years’ experience in the industry in the insurance industry takes over from Ushe Mungaraza who served the institute as president for two years.
His
Government reviewing insurance and pension industry- Finance minister
Noah Kupeta
HARARE, Government is working with the Insurance and Pension Commission (IPEC) to review the regulation of the insurance and pension industry in a bid to preserve the value of pension benefits and policy holders, a government official has said.
Presenting his 2019 Budget statement, Finance and Economic Development Minister
Prioritise treating customers fairly-IPEC Board Chairperson
Noah Kupeta
IPEC Board Chairperson, Albert Nduna
The Insurance and Pension Commission (IPEC) board chairperson Albert Nduna has called upon industry players to treat customers fairly to gain confidence and trust among its stakeholders.
Albert Nduna said IPEC acknowledges that macroeconomic stability and predictability of macroeconomic fundamentals
IPEC to support agriculture-Mthuli Ncube
Noah Kupeta
HARARE, The Insurance and Pension Commission (IPEC) is working on a comprehensive raft of measures to support agricultural production with a view to boost macro-economic performance and the country’s gross domestic product, Finance and Economic Development minister, Professor Mthuli Ncube has said.
While presenting the 2020 National Budget Statement
Comply with revised minimum prescribed asset thresholds- Mthuli Ncube
Noah Kupeta
HARARE, Finance and Economic Development minister Professor Mthuli Ncube has said most insurance players remain non-compliant with the revised minimum prescribed asset thresholds as at 30 September 2019 following the review of the minimum prescribed asset thresholds.
In his 2019 National Budget Statement, Professor
Insurance sector minimum capital requirements reviewed upwards
Staff Writer
HARARE, FINANCE minister Mthuli Ncube has reviewed minimum capital requirements for the insurance sector, indicating that this was necessitated by the obtaining macro-economic environment.
Mthuli made the adjustments in his 2020 national budget, under the theme Gearing for Higher Productivity, Growth and Job Creation. However,
Health Medical Bill: CIMAS boss speaks
Noah Kupeta
CIMAS Medical Aid Society Chief Executive Officer Vulindlela Ndlovu stressing a point during the Insurance and Pensions Journalism Mentorship Program in Harare. The Program is sponsored by IPEC, NSSA and ZimSelector.Com
HARARE: CIMAS Medical Aid Society Chief Executive Officer Vulindlela Ndlovu has added his voice on the proposed Health Medical