General economic decline impacts short term insurers
Staff Reporter
While the covid-19 lockdown contributed to the decline in performance in the short term insurance sector , the general decline in the economic growth of the country has taken a toll on the performance of corporates, Insurance 24 has learnt.
Corporates are the main consumers of short-term insurance products culminating
ICZ continues fight against Covid 19, as it donates food hampers Parirenyatwa
Staff reporter
THE Insurance Council of Zimbabwe, (ICZ) on Friday handed over food hampers to the medical and ancillary staff of Parirenyatwa Covid 19 Treatment Centre as part of alleviating the pressures the staff is enduring in the fight against the pandemic.
Insurance Council of Zimbabwe is an association of short
Pension’s asset base strengthens
Staff reporter
Revaluation of investment property and quoted equities in response to currency reforms and inflation saw an 843 % increase in the pensions total asset base in the half year to June 2020.
The two asset classes increased by 1 263.41% and 657,10% respectively while the total asset base of the industry increased to $66,41 billion as at 30 June 2020, up
ZAPF holds training workshop
HARARE, THE Zimbabwe Association of Pension Funds (ZAPF) will be hosting a webinar training workshop focusing on the impact of COVIDS 19 and currency reforms on the pensions industry.
Joice Benza, managing director X-pert Solutions and Nobert Phiri, (Insurance partner Muvingi and Mugadza) will be some of the presenters.
Data confidentiality and Integrity critical for Insurance and Pensions
Joyce Benza
A resilient Cybersecurity strategy must continually evolve in order to remain relevant to the environment.
The Strategies in the Covid-19 pandemic environment must also align with prevailing and possible future anticipated threats based on the “current and next normal”.
Yester-year Strategy for many no longer defend
INSIGHTS into the Motor Insurance Pool (MIP)
Victims of road traffic accidents involving foreign registered vehicles have been accessing compensation under the Motor Insurance Pool (MIP) upon lodging their claims. Unfortunately, some claims have gone unpaid due to non-fulfilment of requirements.
Some policyholders or victims have not been lodging claims due to inadequate knowledge of the processes
A senior official in the opposition MDC-T, Abednico Bhebhe has expressed pessimism over the prospects of economic recovery under the governing ZANU PF.
He made the remarks while talking to the Daily News on Sunday Staff Writer Jeffrey Muvundusi in a wide-ranging interview which also discussed on the reports of human rights violations in the country. Below are the excerpts.
Since gaining its independence from the United Kingdom in 1980, Zimbabwe has been characterized by a weak economy, poor leadership, human rights violations, and general corruption. The British took interest in this African region for its abundance of precious metals and ores, but the policies that have been enacted since 1980 have only driven Zimbabwe into deeper poverty. Now, the near-16.5 million
THE Reserve Bank of Zimbabwe (RBZ) says it will announce policy measures to buttress stability of the auction system and exchange rate when it delivers the Mid-term Monetary Policy Review this week.
Monetary authorities, however, continue to reiterate that low production is causing a disproportionately high demand for foreign currency, which is putting pressure on the exchange rate.
RBZ Governor Dr
The inflation rate in Zimbabwe has reached 837.53% on an annualized basis last July, TASS reported referring to the national bureau of statistics of Zimbabwe.
In July last year, this figure was 737.3%, the statistical office said.
The discount rate for the Zimbabwean dollar is currently 35.53% per annum, up from 31.7% in June this year. The Central Bank of Zimbabwe this week set the exchange rate