FBC Insurance MD elected WIZ president
Staff Writer
The Women in Insurance in Zimbabwe (WIZ) has elected FBC Insurance managing director Alice Shumba as its president, a position she will hold for the next two years.
Shumba, who is taking over from Ruth Ncube, will be deputized by Emeritus Reinsurance head-reassurance and underwriting (Life and Health), Clementine Chinyuku.
Shumba,
Revitus REIT lists on ZSE to start trading Wednesday
Staff Writer
The Revitus Property Opportunities Real Investments Trust (Revitus REIT) has become the second REIT to be listed on the Zimbabwe Stock Exchange (ZSE) following its official listing yesterday.
The Revitus REIT is a product of the NRZ Contributory Pension Fund (NRZCPF), managed and administered by CBZ Asset Management unit Datvest, and
NRZ REIT, to list on ZSE, targets US$8 million through an IPO.
Staff Writer
THE NRZ Contributory Pension Fund (NRZCPF) will list its Real Estate Investment Trust (REIT), known as Revitus, on the Zimbabwe Stock Exchange (ZSE) on December 15, 2023, becoming the second REIT list on the local bourse.
The Tigere REIT pioneered the listing of REITS in the market, but according to
Premium reviews drive life assurance sector performance
Staff Writer
The life insurance sector says premium reviews and growth in US dollar business continue to drive the industry’s performance and margins, offsetting inflationary pressures.
According to the Insurance and Pensions Commission’s (IPEC) second quarter life assurance report for June 2023, gross premium written (GPW) grew 575 percent
Zimnat launches Motor Vehicle Assessment Centre
Staff Writer
HARARE, Zimnat General Insurance last Thursday launched its first Motor Vehicle Assessment Centre with a head turning simulation of an accident along Leopold Takawira Street in Harare, opposite Parirenyatwa Hospital.
The centre has been established so that its clients no longer have to look for quotations when submitting a motor vehicle insurance
FBC Insurance focuses on product development
Staff Writer
FBC Holdings Limited says its insurance business has remained focused on product development and penetrating new market segment despite the operating environment which has negatively affected the uptake of insurance products.
In its HY2021 results the group said it had accorded special focus on micro insurance.FBC group chairperson
ZB Life Assurance launches enhanced cash funeral plan
ZB Life Assurance, a subsidiary of ZB Financial Holdings, has launched an enhanced ZB Cash Funeral Plan to provide post-burial benefits to the policyholder, in addition to the cash benefits that assist with the financing of funeral and burial costs.
The enhanced product will help bereaved families to cope with post-burial expenses that are often
Cassava Smartech Insurtech business grows
Staff Reporter
HARARE, Cassava Smartech’s Insurtech business continues to grow in the positive territory buoyed by writing new short term and life insurance policies as it grows the customer base for all insurance products.
“New products and alternative payment channels were introduced leading to a doubling of our short-term insurance customers,” the
Arrival of ETFs – Are Pension Funds in Luck?
In recent years active investment management has come under more scrutiny than ever before. The reason is clear – of late, most active managers, particularly those focused on large-cap stocks, have struggled to beat their benchmarks.
Picking stocks is hard, picking other people to pick stocks for you is even harder – and this is the daily challenge
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