Insurance and Pensions constitute bulk of market value placed on CSD
By Insurance24
HARARE- Pension funds and Insurance constitute a combined 42,23% of the total market value of securities placed on the Central Securities Depository (CSD).
According to a CSD operational update for December 2018, the market value of the securities placed on the CSD increased by 6% from US$7.974 billion as at 30 November
Tavona Biza has been appointed as the new CEO of Old Mutual Ghana
ACCRA, Ghana – Zimbabwean Tavona, who will be based in Accra, has worked for Old Mutual for ten years, during which time he held various roles in the Group’s Zimbabwean, South African and Malawian businesses.
Most recently, as Managing Director of both Old Mutual Life Assurance Company And Old Mutual Pension Services Company, he
Auto Tyres Zimbabwe dissolves pension fund
HARARE, Auto Tyres Zimbabwe (formerly) Dunlop, due to viability challenges dissolved the Auto Tyres Pension Fund and is now inviting contributors for final valuation inspection.
The company said has been facing viability challenges for the past two years, resulting in the Board of Trustees agreeing to dissolve the fund and distribute the Fund’s assets
Zimnat launches Automated Licencing Machine
HARARE, Zimnat in conjunction with Gene Insure has launched an Automated Licencing Machine that will allow motorists to be able to pay their license fees and car insurance in one place.
The innovation is expected to introduce a new and convenient way of transaction with Zimnat.
Zimnat group CE Mostafa Sachak said the ALM will introduce a new and unmatched
By Insurance24
HARARE, West Africa reinsurance Giant –WAICA Reinsurance corporation Plc has acquired a local reinsurance company Colonnade Re through a US$5,5 million investment confirming confidence in the Zimbabwe market.
Rebranding colonnade RE to WAICA RE Zimbabwe last night WAICA group chairman Kofi Duffuor said the acquisition of Colonnade Re represents key milestone
Zim insurers slow to adopt digital service models
HARARE, Zimbabwean Insurers have been slow to adopt digital service models but the tide is slowly moving forward, an official has said.
Zelina Francis, Business Development Director at Zimselector.Com, during the last session of a journalist mentorship programme said the country’s leading Insurers are slow in adoption of online services compared
ZHL adds 40 years of experience to Board
HARARE, Zimre Holdings Limited (ZHL) has appointed Mark John Haken to the group’s Board of Directors with effect from 22 October 2018.
Haken is a seasoned insurance expert with over 40 years’ experience in the insurance industry, encompassing, among other things, reinsurance, general insurance, underwriting and
brokerage.
Over the span of his career, Haken
Zimnat launches online self-service portal
HARARE, Zimnat has as way of modernising the country’s insurance industry, established a self-service online portal that enables customers and potential customers to obtain quotations for short-term insurance policies and sign up for them as well as make claims.
Those wanting to obtain quotations for or purchase, for example, motor vehicle insurance, a
Cassava Smartech unveils education insurance cover
HARARE, IN another first, Cassava Smartech has launched an education insurance cover product called ‘Enda Education Cover’.
The product,’ which is underwritten by Econet Life, Cassava Smartech’s Insurtech arm, offers a school fees benefit for primary and secondary education in the event of the death of the parent or legal guardian of the
IIZ president vows to complete new curriculum development
TROPICAL Reinsurance Company managing director Ushe Mungaraza who was elected for the second term as the president of the Insurance Institute of Zimbabwe (IIZ) says he will see the completion of the development process of the new curriculum before the end his term in office.
IIZ is set to unveil a new curriculum that responds