CIMAS chief executive officer, Vulindlela Ndlovu
Zimbabwe: Less than 10% of population covered by medical aid
HARARE – Zimbabwe’s economic meltdown has made it difficult for the generality of the people to afford health care, with experts revealing that less than 10% of the country’s population is covered by medical aid.
The majority of pharmacies in the southern African nation have been
IPEC concerned over owner-managed entities : CALL FOR ADVERTS IN THE ZAPF 4TH QUARTER MAGAZINE
Own correspondent
VIC Falls – Insurance and pensions commission IPEC says it is enforcing Risk and Corporate Governance Directives for both insurance and pensions as loopholes in this areas continue to emerge.
Ipec commissioner Grace Muradzikwa yesterday told delegates attending the insurance institute
Old Mutual Zimbabwe appoints new CEO
Harare -Old Mutual has appointment Samuel (Sam) Matsekete as the Group CEO-designate of Old Mutual Zimbabwe Limited (OMZIL).
Sam will commence service on 1 January 2020 following the retirement of the current Group CEO, Jonas Mushosho at the end of 2019.
He joins Old Mutual from First Capital Bank, where, in his current role as the Managing Director, he led
Zimnat scoops eight Exceptional Marketing awards
HARARE, Zimnat, a leading player in the insurance and wealth management industry for more than seven decades, won eight awards for marketing excellence at the 2019 Marketers’ Association of Zimbabwe Exceptional Marketing Awards ceremony in Bulawayo.
The awards ceremony is held annually in recognition and celebration of excellence for organisations
Proposed Medical Aid Societies Regulatory Bill biased
Staff Writer
ONE of the county’s largest medical aid services provider CIMAS says the proposed Medical Aid Societies Regulatory Bill entrenches conflict of interest instead of eliminating it as it seeks to protect only the healthcare providers and consumers and not the industry
In 2017, the Minister of Health and Childcare (the Ministry) circulated
Consistent portfolio management a necessity
Staff Writer
HARARE, First Mutual Wealth general manager Thomas Muswiti has said consistent portfolio management and re-balancing is a necessity as pension members progress through their Income Life Cycle and ordinarily migrate on the risk matrix.
He recently said this while making presentation at the Zimbabwe Association of Pension Funds (ZAPF) Principal
Embrace the new millennials- insurance sector urged
Noah Kupeta
HARARE, Experts say the insurance and pension industry should embrace the elusive millennial market to increase their clientele base.
Renowned Harare economist from the University of Zimbabwe, Professor Albert Makochekanwa said insurance companies should revisit their clientele base focusing on young demographics.
“The income that most
Review marine insurance pricing: industry players
Noah Kupeta
HARARE, Players in the freight cargo and shipping industry have called upon insurance companies to review the pricing model charged on freight, cargo and shipping companies which they have described as “exorbitant”.
The companies have hinted that local insurance companies might be losing millions of dollars since most freight, cargo
Unpacking the Insurance Act and the Pension and Provident Funds Acts with IPEC Head of Pensions
Josphat Kakwere
Noah Kupeta
The Insurance and Pension Commission (IPEC) Head of Pensions, Josphat Kakwere, has described the recent pronouncement by President Emmerson Mnangagwa on the amendment of the Insurance Act and the Pension and Provident Funds Act ‘as welcome and long overdue’. Our reporter,
Policy holders and pensioners to fully enjoy their rights and benefits– President Emmerson Mnangagwa
Noah Kupeta
Zimbabwean President Emmerson Mnangangwa during the official opening of the 2019 Second Session of the 9th Parliament, emphasising that the ultimate objective on the amendment of the Insurance Act is to protect the policy holders and pensioners so that they