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

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