Zim to host Eastern and Southern Africa Insurance regulators
Staff Writer
GOVERNMENT has given the green light to the Organization of Eastern and Southern Africa Insurers (OESI) to host a meeting of Insurance regulators in Zimbabwe following as request by Ipec.
Information minister, Monica Mutsvangwa, said cabinet approved the request on basis that the meeting be hosted on a large venue in Victoria
Pensioners get representation at NSSA board
HARARE, GOVERNMENT has directed that a seat be reserved for pensioners in the National Social Security Authority (NSSA) board.
The pensioners’ representative will serve as an ex-officio member, though without voting rights. Public Service, Labour and Social Welfare Minister, Professor Paul Mavima, revealed this in Bulawayo last Friday during a NSSA stakeholders
HARARE, Welcome to the 2021 first issue of the ZAPF Magazine. In this issue we look at various pension issues concerning the industry being guided by the theme; The Future of Saving: The Role of Pension Systems. Pension Funds are crucial in any economy as they play a big role in the development of the economy. Click the link below for the magazine ZAPF Pension Magazine Q1 2021
Happy reading
Investment Policy Statement – It’s not Just a Statement, It’s a Policy Matter!
While almost every pension fund has one, not every fund is consistently and loyally abiding by the provisions of their Investment Policy Statement (IPS). It’s certainly no news to most trustees that failure to diligently follow an investment policy statement is considered a breach of fiduciary responsibility, and
9 customer experience mistakes you must now avoid at all cost.
HARARE, Today’s business world is characterized by very tough competition and survival can no longer be guaranteed to the fittest but to those that are fast to embrace customer experience concept no matter the size of the firm. Product and price advantages can now be easily copied unlike a strong customer service culture. It is now
Pensions sector asset base increase to $6,42 billion
Staff Reporter
HARARE, The Pensions sector’s asset base increased by 479,44% in nominal terms to ZW$372 billion from ZW$6.42 billion reported at 31 December 2019 driven by revaluation of investment property and quoted equities which amounted to ZW$12.53 billion and ZW$17.28 billion, respectively.
The Insurance and Pension Commission fourth quarter
HARARE, With one of the world’s highest unemployment levels, an ultra-expensive financial services sector, an SMEs-driven economy, very small average fund size, and a significant informal sector, the Zimbabwean pension fund industry is most perfectly placed for a speedy-but-structured transitioning into a robust and dynamic umbrella-fund-dominated sector. All it requires is a genuinely member-centric
Zimbabwe celebrating global money week.
HARARE, As we celebrate global money week, here we try to demystify insurance in general for the benefit of young people.
What is global money week?
This is a global money alertness campaign on the importance of financial coaching, financial attachment and entrepreneurship skills for young people.
At insurance 24 we have seen that there is no financial education
New regulatory body for medical aid societies
Staff Reporter
The government says it will establish a separate regulatory body under the Ministry of Health and Childcare to oversee medical aid societies.
This comes as the government last month proposed amendments to the Insurance and Pensions Commission (Ipec) (Amendment) Bill, 2020, approved that medical aid societies together with the National Social
WIZ urged to scout for development opportunities for members
Staff writer
HARARE, Patron of the Women in Insurance Zimbabwe (WIZ) who is also commissioner of the Insurance and Pensions Commission (Ipec) Grace Muradzikwa says the organization should scout development opportunities for women in Insurance as it seeks to groom assertive strong leaders.
WIZ which was formed last year with the purpose