Old Mutual Life Assurance invests into solar project

Staff Reporter

HARARE, OLD Mutual Life Assurance Company has applied for a license from ZERA to construct a modest 648kW solar photovoltaic power plant at its headquarters in Harare.

The company has since applied for a licence from the Zimbabwe Energy Regulatory Authority allowing it to sell the surplus in terms of electricity licensing regulations

Read more

Nyaradzo CEO and Founder…Tracks roots

Nyaradzo CEO and Founder…Tracks roots

By Phillip Mataranyika CEO Nyaradzo

By the time I left Old Mutual, on the 28th of February 2001 to begin a new chapter in my life as CEO of a fledgling company, Nyaradzo, I was the most successful Old Mutual sales agent and financial advisor of all time. I had won all the awards there were to win, travelled many parts of the country and some of the countries

Read more

FMHL gross premium firm in five months

FMHL gross premium firm in five months

Staff Reporter

First Mutual Holdings Limited (FMHL) Gross Premium Written (GPW) rose 494% to ZWL$3.92 billion during the five months to May 2021.

Douglas Hoto, the group chief executive, in a trading update said an estimated 40% of the revenue was US$ premium translated at the interbank rate.

In the Zimbabwe market, the forex premiums were US$9.2 million compared

Read more

Are REITs the Solution to Direct Property Holding Challenges for Pension Funds?

Are REITs the Solution to Direct Property Holding Challenges for Pension Funds?

After years of relentless advocacy by the investment management community for the enactment of required legislation, finally there is now in place the regulatory framework that governs the creation of REITs.

Modeled along fund structures, REITs (Real Estate Investment Trusts) are a special type of professionally managed

Read more

Considerations when choosing a life policy nominated beneficiary

Considerations when choosing a life policy nominated beneficiary

By Farai Francis Zhara

Choosing a life policy nominated beneficiary is a field many people are tempted to overlook when filling the proposal form but this is an important decision.  You buy insurance because you have a reason for the payout, maybe to provide funds for your family to pay bills or to pay for children’s school fees and

Read more

Dear: Valued ZAPF Member, CALL FOR ARTICLES AND ADVERTS

Dear: Valued ZAPF Member,

The Zimbabwe Association of Pension Funds (ZAPF) in partnership with Insurance24 will on the 16th of July 2021 publish the 6th ZAPF Quarterly Pension Magazine.

The magazine will offer latest news on pensions, investments, law and regulation, informed comment and analysis and special features.

It will be distributed by ZAPF via its mailing list to ZAPF members and non-members

Read more

Life assurance underwriting profit declines in Q1, 2021

Life assurance underwriting profit declines in Q1, 2021

Staff Writer

INCREASE in claims and transfer to technical reserves caused underwriting profit for the life assurance sector to decrease to ZW$741, 27 million from ZW$104, 76 million the quarter ended 31 March 2020 to negative ZW$741,27 million.

During the period Gross Premium Written (GPW) by direct life assurance companies stood at ZW$3.42 billion,

Read more

ICSAZ president urges members to contribute to NDS1

ICSAZ president urges members to contribute to NDS1

Staff Reporter

HARARE, FORMER chief executive of the Grain Marketing Board Pension Fund, Taona Munzvandi, who is managing director of Daxilon Security, has been re-elected president of the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ).

Munzvandi in his acceptance speech said the country’s economic situation was showing

Read more