Africa remains underinsured at 2.7% in 2022
Staff writer
Zimbabwe’s Finance Minister Mthuli Ncube has said Africa remains desperately underinsured, with an average insurance penetration of 2.7% in 2022 against a global insurance penetration of 7%.
In his speech at the ongoing Insurance and Pensions Regulators Retreat for Africa, he said it was surprising to note
Effective Pension Fund Management – Towards a Business Mindset-Driven Sector!
By Gandy Gandidzanwa and Itai Mukadira
There are few other sectors of any economy with so much power to simultaneously impact both the fortunes of the economy and the well-being of her people. The pension fund industry stands up tall on that measure – and yet in many instances it is mostly only in potential than in
Dear reader, please find attached the Insurance Council of Zimbabwe (ICZ) second quarter (Q2) 2023 newsletter. Happy reading….Insurance Council of Zimbabwe Q2 2023 Newsletter
Unpacking Insurance and Pension Commission’s mortality tables
By Allan Mbotshwa
The Insurance and Pension Commission (IPEC) has come up with mortality tables specific to Zimbabwe which can be utilised to prepare premiums that individuals would need to pay, this also creates pricing.
This is a first of its kind in the country as there was no adequate funding and resources to facilitate for
Umbrella Funds: Insured Funds Called By Another Name?
By GANDY GANDIDZANWA & ITAI MUKADIRA
NSSA’s efforts to cushion pensioners commendable: Analysts
By Allan Mbotshwa
Zimbabwe is experiencing another wave of hyperinflation, which is threatening the very heart of the economy, the financial services sector.
But this is not the first time this sector has gone through this, as it is still recovering from the serious economic turmoil of 2009 and the currency policy changes of 2019.
By Gandy Gandidzanwa and Itai Mukadira
In today’s world of economics, the investment management industry is a reservoir of some of the best brains our generation can offer. Give these professionals a pound of your ear and you are certain to be dazzled by their brilliance. They are eloquent, articulate, and speak with conviction. They are just plainly smart, and we should give it to them.
But that
ZAPF AGM kicks off in Victoria Falls…Industry urged to rebuild confidence
Staff Writer
Vic Falls: The Zimbabwe Association of Pension funds 48th AGM and conference has kicked off in Victoria falls this morning with industry being urged to work towards rebuilding confidence.
The industry has been severely affected by a decade long series of value issues buoyed by recurrent hyperinflationary issues.
Giving
Dear Valued ICZ Member/Stakeholder,
The Insurance Council of Zimbabwe (ICZ) in partnership with Brandvest T/A as Insurance24, will on the 1st of June 2023 publish the Insurance Council of Zimbabwe magazine under the theme Global Competitiveness through innovative insurance products and services.
In line with the theme, the magazine will provide an in depth look into the industry and offer latest
Pension Funds Offshore Investments: Betted, All-In, On Ukraine?
By Gandy Gandidzanwa and Itai Mukadira
Certainly, the question sounds rather frivolous now, but roll back the clock to prior to the first bombs dropping in those early morning hours of 24 February 2022, and you suddenly realise it is not that much unthinkable to imagine having been exposed to Ukraine. To what extent that exposure could