Nyaradzo Life Assurance acquires specified hearses…..News Release
By Insurance24
HARARE, Nyaradzo Life Assurance’s funeral services division has acquired three hearses which are on standard Toyota bodies modified to Nyaradzo’s specifications.
The three Toyota 2.4 L 4×4 GD6 engine hearses were delivered yesterday
Reasons for the Design of the Vehicles
Nyaradzo Group has clients who are spread
Positive investment returns drives Mining Industries Pension Fund (MIPF) funding level to 77.5% in 2017
By Insurance24
HARARE, Funding level for the Mining Industries Pension Funds’ (Miff) improved to 77.5% in 2017 compared to 58.1% in 2016 with the growth largely attributed to a positive investment returns achieved on the assets of the fund during the year.
The Pension fund in a circular to
Zimbabwe Pension and Insurance Tights Trust (ZImPirt) differs on IPEC’s as it also pokes registered entities
By Insurance24
HARARE, The Zimbabwe Pension and Insurance Rights Trust (ZImPirt) says the recent warning for the public not to engage organizations purporting to be insurance or pension’s experts indirectly takes away the public’s freedom to associate, which is unconstitutional.
Insurance
Pensions industry total income surges to $722m in2017
HARARE – The pensions industry’s total income for the year ended 31 December 2017 totalled $722.47 million; with contributions and fair values gains in equity amounting to $398.76 million and $139.08 million, respectively, a report released by the Insurance and Pensions Commission (Ipec) shows.
In its pensions report for the period under
EcoSure Moovah set to disrupt the short-term insurance industry for the good of motorists: Econet Cassava CEO
By Insurance24
HARARE, Econet through its recently licensed Econet Insurance (Private) Limited has unveiled a short-term motor vehicle insurance service EcoSure Moovah, which it said is set to disrupt the short-term insurance industry for the good of motorists through its attractive value
ZEP-RE underwrites $950 mln in premiums since inception…private sector shareholding grows to $225 mln
By Insurance24
HARARE, The COMESA reinsurance company, ZEP-RE (PTA Reinsurance Company) which commenced writing business in 1993 says has cumulatively to date underwritten over $950 million in premiums and paid out over $450 million in claims.
ZEP-RE was created by an agreement of Heads of State
IPEC warns public on engaging unregistered individuals and organizations
By Insurance24
HARARE, Insurance and pensions regulator, The Insurance and Pensions Commission (Ipec) has warned the public against engaging individuals and organisations purporting to be insurance or pensions experts as most of these people are not qualified and registered as financial advisers.
In a statement Ipec said the
Short term insurers urged to abide by investment guidelines…..as GWP and investment income drive massive profitability in 2017
By Insurance24
HARARE, The Insurance and Pensions Commission of Zimbabwe (Ipec) says insurers should abide by the investment guidelines in order to sustain their capacity to liquidate their contractual obligations on time.
As reported in the Ipec’s Non-Life quarterly
ZAFA targets increased uptake of funeral assurance products
By Insurance24
HARARE, The Zimbabwe Association of Funeral Assurers (ZAFA) says most funeral assurance products are micro-products which are affordable even to the vulnerable groups of society, but due to lack of educational campaigns, the products end up with the wrong people.
ZAFA General Manager Taka Svosve told Insurance24 on the
Hundreds attend IPEC Mount Darwin’s awareness campaign on insurance and pensions as $25 mln remain unclaimed
By Insurance24
HARARE, The Insurance and Pensions Commissions (Ipec) Saturday’s awareness campaign on insurance and pensions in Mount Darwin’s Madondo business area drew hundreds of people who leant on first hand information from the regulator as well as service providers.
Insurance