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Risk Management – How retailers can benefit by forming a captive insurance company

Consumer spending, the lifeblood of the retail industry, is depressed in today’s business climate. Job growth is anaemic, and revenue projections are difficult, at best.   There is no question that globally, the financial services industry,...

Insurance sales boost Old Mutual H1 revenue 11pct to $139,7mln

HARARE,– Old Mutual Zimbabwe registered an 11 percent jump in total revenue to $139,7 million in the six months to June 30, driven by a 60 percent surge in non-life sales. Old Mutual is an...

Zimbabwe: IIZ Annual Winter School On Next Week

This year's winter school will be headlined by the IIZ president and Ruvimbo Funeral Assurance CEO Dr Edward Gomba. Other speakers are First Mutual Holdings group marketing and strategy executive Ms Farayi Mangwende who will...

Most Zimbabweans not insured

HARARE - Zimbabwean insurance companies have been urged to come up with new products aimed at capturing at least 9,1 million people who are not insured. Finance ministry director Judith Rusike said insurance sector firms...

Zim insurance services ‘elitist’, need re- modelling

Leonard Ncube and Hazel Hweta: INSURANCE companies should repackage their products to make them affordable to low income earners who constitute the bulk of the population and cannot afford expensive policies currently on the...

IPEC engages Govt over pension remittance

A number of companies are not remitting deductions meant for pension fund contributions, putting into jeopardy workers retirement benefits. This has raised fears some of the funds could be directed to areas which they...

IPEC launches blitz on unregistered insurance agents

THE Insurance and Pensions Commission has launched a blitz on unregistered insurance agents and fake insurance cover notes, a senior IPEC official said. The operation is being conducted by IPEC in conjunction with the Zimbabwe...

Tepid economy hits pensions: Report

ZIMBABWE’S tepid economy has seen most companies delaying pension remittances resulting in arrears amounting to 73% of total contributions in the full-year to December 2015, an insurance sector report says. By Bernard Mpofu The country’s insurance...

IPEC fines non-compliant companies

Harare Bureau: THE Commissioner of Insurance and Pensions has started penalising pension funds and insurance companies that failed to comply with prescribed asset ratio requirements as at December 31, 2015. In July 2014, the Ministry...

‘IIZ golf day a success’

A LARGE field of 120 golfers took time off from office, as they converged at Chapman Golf Club on Friday for the annual Insurance Institute of Zimbabwe (IIZ) annual corporate golf day. IIZ president Edward...
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