Embrace the new millennials- insurance sector urged
Noah Kupeta
HARARE, Experts say the insurance and pension industry should embrace the elusive millennial market to increase their clientele base.
Renowned Harare economist from the University of Zimbabwe, Professor Albert Makochekanwa said insurance companies should revisit their clientele base focusing on young demographics.
“The income that most
Review marine insurance pricing: industry players
Noah Kupeta
HARARE, Players in the freight cargo and shipping industry have called upon insurance companies to review the pricing model charged on freight, cargo and shipping companies which they have described as “exorbitant”.
The companies have hinted that local insurance companies might be losing millions of dollars since most freight, cargo
Unpacking the Insurance Act and the Pension and Provident Funds Acts with IPEC Head of Pensions
Josphat Kakwere
Noah Kupeta
The Insurance and Pension Commission (IPEC) Head of Pensions, Josphat Kakwere, has described the recent pronouncement by President Emmerson Mnangagwa on the amendment of the Insurance Act and the Pension and Provident Funds Act ‘as welcome and long overdue’. Our reporter,
Policy holders and pensioners to fully enjoy their rights and benefits– President Emmerson Mnangagwa
Noah Kupeta
Zimbabwean President Emmerson Mnangangwa during the official opening of the 2019 Second Session of the 9th Parliament, emphasising that the ultimate objective on the amendment of the Insurance Act is to protect the policy holders and pensioners so that they
Foreign currency for selected insurance products: IPEC
Noah Kupeta
HARARE, The Insurance and Pension Commission (IPEC) has announced that the Reserve Bank of Zimbabwe (RBZ) has approved denominated policies on selected products in line with industry market demands.
The development has been hailed by various stakeholders as positive considering the current hyperinflationary environment in Zimbabwe as
Time for African insurance industry to digitalise
Noah Kupeta
ZimSelector.Com Business Development Director Zelina Francis explaining the significance of digitalising insurance in Africa.
Of fake claims, double claims, money laundering in the insurance sector
Noah Kupeta
HARARE, The insurance and pension industry is sometimes faced with serious problems such as fake claims, double claims and sometimes money laundering. But why do people commit themselves to such crimes? Does the insurance and pension industry have control mechanisms of transparency and accountability?
Did you know?
Noah Kupeta
Did you know that home insurance is a policy designed for the homeowner and covers buildings of the home, including out buildings, walls, fences and gates, boreholes and swimming pools, tennis and basketball courts against the perils of fire, lightning, explosion, storm, impact ,malicious damage, theft of fixtures and fittings and breakage of fixed glass?
But many people
Equities market boost Pension industry profitability
Staff Reporter
HARARE, Gains on the equities market drove the Pension industry’s profitability after recording a surplus of $1,16 billion for the half year period ended June 30, 2019 compared to $121,02 million same period prior year.
Ipec, in its second quarter pensions report said fair value gains amounted to $828,74 million largely due to a
Funeral assures record negative working capital in Q2
Staff writer
HARARE, The latest Insurance and Pensions Commission report paints a bleak picture on the future of funeral assurers who have been hit hard by the ongoing liquidity crisis, recording a negative working capital during Q2 2019.
The country has been struggling with liquidity challenges after a government ZW$400 million mop-up left markets