Premium reviews drive life assurance sector performance

Premium reviews drive life assurance sector performance

Staff Writer

The life insurance sector says premium reviews and growth in US dollar business continue to drive the industry’s performance and margins, offsetting inflationary pressures.

According to the Insurance and Pensions Commission’s (IPEC) second quarter life assurance report for June 2023, gross premium written (GPW) grew 575 percent

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Africa remains underinsured: Mthuli

Africa remains underinsured: Mthuli

Staff writer

Finance Minister Mthuli Ncube has said Africa remains desperately underinsured, with an average insurance penetration of 2.7% in 2022 against a global insurance penetration of 7%.

In his speech at the ongoing Insurance and Pensions Regulators Retreat for Africa yesterday,he said it was surprising to note that the uptake of Bitcoins and other virtual

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ICZ eyes increasing rural insurance penetration

ICZ eyes increasing rural insurance penetration

 Staff Writer

THE Insurance Council of Zimbabwe (ICZ) says it is planning to increase the insurance penetration rate from the current 2,6% by equipping the rural farming community with knowledge about insurance.

Speaking at a recent handover of prizes for the Rural Schools Insurance Awareness Essay Competition, ICZ vice chairperson and chairperson of

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Pension Funds Infrastructure Investments – Who Benefits?

Pension Funds Infrastructure Investments – Who Benefits?

The contentious issue surrounding infrastructure development investing for pension funds is the question – is it the role of the private sector, pension funds in particular, to develop infrastructure? Is this not instead the sole responsibility of the government of the day? Further, is it not that pension funds’ first responsibility

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Ipec directs pension industry to cushion pensioners

Ipec directs pension industry to cushion pensioners

Staff Writer

The Insurance and Pension Commission (Ipec) has immediate directed the pension industry to apply ZW$36 000 in the determination of

commutation and preservation amounts for pensioners as it seeks to cushion pensioners from the ever deterioration pension benefits.

The monthly pension applicable for commutation and preservation purposes

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ICZ makes timely Covid-19 donations

ICZ makes timely Covid-19 donations

Staff Writer

HARARE, The Insurance Council of Zimbabwe (ICZ) donated 40,000 litres of diesel to the Civil Protection Unit which will be used through the Ministry of Health and Child Care and 270 grocery hampers worth $925,000.

The fuel donation was presented to President Emmerson Mnangagwa by the Chairman of ICZ, Patrick Kusikwenyu.

Kusikwenyu said that the third

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Arrival of ETFs – Are Pension Funds in Luck?

Arrival of ETFs – Are Pension Funds in Luck?

In recent years active investment management has come under more scrutiny than ever before. The reason is clear – of late, most active managers, particularly those focused on large-cap stocks, have struggled to beat their benchmarks.

Picking stocks is hard, picking other people to pick stocks for you is even harder – and this is the daily challenge

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Old Mutual Life Assurance invests into solar project

Staff Reporter

HARARE, OLD Mutual Life Assurance Company has applied for a license from ZERA to construct a modest 648kW solar photovoltaic power plant at its headquarters in Harare.

The company has since applied for a licence from the Zimbabwe Energy Regulatory Authority allowing it to sell the surplus in terms of electricity licensing regulations

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Nyaradzo CEO and Founder…Tracks roots

Nyaradzo CEO and Founder…Tracks roots

By Phillip Mataranyika CEO Nyaradzo

By the time I left Old Mutual, on the 28th of February 2001 to begin a new chapter in my life as CEO of a fledgling company, Nyaradzo, I was the most successful Old Mutual sales agent and financial advisor of all time. I had won all the awards there were to win, travelled many parts of the country and some of the countries

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