Cassava Insurtech business revenue grows
Staff writer
HARARE, Cassava Smartech’s revenue for its Insurtech business grew 131% for the period ended November 30, 2020, compared to Q2 on driven by a strong growth in short term insurance business which registered 165 increase on Q2 revenues.
This was also driven by the companies high end comprehensive diverse product portfolio which span
Tassius Chigariro appointed Old Mutual Namibia CEO
HARARE, OLD Mutual Namibia has appointed Tassius Chigariro as its new group chief executive officer, with effect from the start of 2021.
Old Mutual Namibia’s current chief executive officer, Kosmas Egumbo, will take up a new position as executive responsible for Old Mutual’s life insurance and asset management companies across the rest
Funeral Assurers pleads for review of minimum regulatory capital
Staff Reporter
HARARE, THE Zimbabwe Association of Funeral Assurers (ZAFA) has pleaded with the sector’s regulator IPEC for a review of the sectors minimum capital requirement which it said was higher than fellow insurers who trade in more than one product.
Solomon Chikanda, the ZAFA president, told stakeholders at a breakfast meeting,
Government embraces a fully funded pension scheme
Staff Reporter
Government says it is moving from Pay as you go pension scheme to a fully funded pension scheme, which requires an equivalent of US$4,8 billion based on 2012 actuarial valuation report.
The objective is to gradually capacitate the Fund to ensure it attains its objective of promoting and protecting the pension contribution and rights of
Pension funds should respond to new normal: ZAPF
Staff Writer
HARARE, Pensions fund investments should respond to the new normal by diversifying into E –commerce while also lowering rentals to retain higher occupancy ratios, Insurance24 has learnt.
This comes as the impact of the lockdown on tenants’ businesses is set to have an adverse effect on rental income streams and spike the level of voids
Java spells out IIZ vision as he assumes presidency
Staff Writer
The Insurance Institute of Zimbabwe (IIZ) new president Rueben Java says will continue with initiatives already underway to explore ways to grow IIZ brand and ensure the standards of the institute are upheld.
Java takes over from Mapiye Chigorondondo and will head the institution for the 2020/21 term of office.
“I am taking over this
COVID-19 generates numerous scams
HARARE, COVID-19 scams have included supposed cures, fake testing sites and counterfeit personal protective equipment (PPE), Dr Katlego Mothudi, managing director of the Board of Healthcare Funders, a regional healthcare funders’ body, said last week.
Addressing an Association of Healthcare Funders of Zimbabwe all stakeholders’ webinar on health on Wednesday,
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