Compiled by Insurance24
HARARE, Working for oil and gas producer Noble Energy, with operations in a number of volatile, possibly hostile regions, Dave Gresko oversees a pretty unique risk strategy. Aside from location, the industry itself has inherent risk, and exploration brings with it the potential for a major catastrophe, he says.
“As an oil and gas company, we have operations in West Africa,
Pension’s regulator proposes maximum limit on expense ratios…Opens up industry to competition
By Insurance24
HARARE, The Insurance and Pensions Commission is proposing setting maximum expense ratios, which the industry should comply with, in bid to cap costs of running pension funds.
The expense caps are being proposed at maximum of 5% expense to contribution ratio, Maximum of 1% expense
Funeral Assurers seek to unite and advance sector interests at 4th conference
Dorcas Chigodho
Staff Reporter
HARARE, AT least 200 delegates are expected at the 4th conference of the Zimbabwe Association of Funeral Assurers (Zafa) to be held in Bulawayo next week as it seeks to unite and advance the interests of the funeral sector in Zimbabwe and abroad.
To date the association says it has received confirmations
IPEC proposes three tier pension system
Owen Kurewa
HARARE, In view of challenges facing Zimbabwe’s pension industry, the Insurance and Pensions Commission has taken an initiative to propose holistic reforms for the country’s pension sector in order to come up with an efficient pension system.
Three Tier Pension System
The regulator is proposing that Zimbabwe adopts an integrated three tier
Texas Mutual explains open strategy on fraud busting
Compiled by Insurance24
HARARE, Texas Mutual Insurance Company is well and truly clamping down on insurance fraud. In 2017, the insurer’s internal fraud department identified more than $6 million in workers’ compensation fraud and made a number of convictions.
The fraud busters have remained hard at work through the first half of
Technological revolution threat/opportunity to traditional insurance industry. But Ipec ready to provide enabling environment
W Mapfumo
Insurance24
HARARE, The Insurance and Pensions Commission (Ipec) says is ready to engage with the industry in providing an enabling regulatory framework that facilitates ease of doing business through digital transformation of the insurance industry.
Speaking at a Breakfast
INSURERS MUST DELIGHT THEIR BROKERS, AS WELL AS THEIR CUSTOMERS!
Compiled by Insurance24
HARARE, Insurance providers should bolster the digital experience they deliver to intermediaries as well as to their direct customers.
Customer expectations and behavior are changing dramatically because of digital disruption and rising consumer clout. Customers want service providers to offer them enticing
IPEC moves to equip industry on the inevitable impact of block chain technology in insurance
Walter Mapfumo
Staff Reporter
HARARE, The Insurance and Pensions Commission (Ipec) has moved to equip the insurance industry with an appreciation of the inevitable impact of block chain technology in transforming existing business models.
The regulator will tomorrow host a breakfast
http://www.cbzinsurance.co.zw
Zimbabwe Operational Risk Report : FitchSolutions
Portia Zimbizi
Staff Reporter
HARARE, The amalgamation of pervasive corruption, weak rule of law and policy uncertainty underscored by shifting positions on the country’s local ownership and foreign participation regulations have made Zimbabwe an unattractive investment environment for the past two decades .
Corruption
Aon on three ingredients for insurers to succeed with AI
By Insurance24
HARARE, Amid the vast changes brought upon the insurance industry by artificial intelligence (AI), an industry report has outlined three key ingredients needed for insurers to take advantage of the opportunities it presents.
According to Aon’s Global