FBC Insurance MD elected WIZ president

FBC Insurance MD elected WIZ president

Staff Writer

The Women in Insurance in Zimbabwe (WIZ) has elected FBC Insurance managing director Alice Shumba as its president, a position she will hold for the next two years.

Shumba, who is taking over from Ruth Ncube, will be deputized by Emeritus Reinsurance head-reassurance and underwriting (Life and Health), Clementine Chinyuku.

Shumba, a seasoned insurance professional, is coming in with a combined total of over 20 years’ experience in the industry.

She has, for the past four years, been a WIZ executive committee member in charge of promoting and challenging the next generation of insurance women to strive to be the best version of them and be confident enough to take up leadership roles in the industry.

She is a holder of a Bachelor of Commerce degree in Insurance and Risk Management from NUST (Zimbabwe), an MBA from ESAMI (Tanzania), and is an Associate of the Chartered Insurance Institute (ACII) UK.

She is also a member of the FBC Holdings Women’s Forum, and as part of her service to the next generation of leaders, she sits on the board of Junior Achievement Zimbabwe.

Chinyuku has over 20 years’ experience in life assurance and reassurance.

Before her appointment, she was also a WIZ executive member, a member of the Life Offices Association Board, and a Credsure Health non-executive member.

Chinyuku holds an LLB-Laws Degree from the University of South Africa and a Masters’ Degree in Risk and Insurance from the National University of Science and Technology Zimbabwe.

She is also a Fellow of the Insurance Institute of South Africa and is an experienced trainer in technical insurance, having conducted training at various institutes locally, regionally, and internationally.

Meanwhile, the second vice president, Nelisha Chitsungo, is coming in with vast experience in human resource management. She has a demonstrated history of working in the financial services industry and human resources advisory services.

Passionate about implementing talent management solutions and total employee wellness initiatives in order to drive productivity and business growth, Chitsungo holds an MBA from University of Gloucestershire and degree in industrial and organisational psychology from University of South Africa.