September 26 Seminar

Insurance Institute of Harare

Purpose of the Seminar

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1. Create a relationship between the university and the insurance industry

2. Bridge the gap between theory and practice

3. Raise student’s awareness regards the existence of industry bodies’ existence and their roles esp. IIH

4. Raise level of awareness on career paths students can follow through upon graduating

5. Find out what students expect from the industry and structure strategy in that line

Topics to be covered

• Over view of the Insurance Industry in Zimbabwe

• Career Guidance in the insurance industry

• Industry’s expectation from students

• Regulation of Insurance Industry

Name: Mr Alson Nhari Designation: - Insurance Institute of Harare President

- Insurance Institute of Zimbabwe Board Member - Portfolio Manager at Alexander Forbes Risk Services

Experience: 5 Years risk advisory & broking (Minerva & A Forbes)

Qualification : - B. Comm (Hon) Risk Mngt & Insurance (NUST)- Master of Science in Strategic Mngt (CUT)- Associate of the Insurance Institute of Zimbabwe - Diploma in Insurance (IIZ)

Name: Mr Christopher Tapererwa Designation: Business Analyst & International Operations at Nicoz Diamond Experience : 9 Years working experience of business analysis and modelling,

enterprise risk management, strategic management and QMS ISO 9001:2008 lead auditing

Qualification : - MBA (UZ)- MSc Risk Management & Insurance (NUST)- B. Comm Actuarial Science (NUST)- Advanced Diploma in IT- Certificate in QMS ISO 9001:2008 Lead Auditing

Name: Mr Murairo Ndemo Designation: - Account Advisor at Minerva Risk Advisors

- Board Member IIH- Education Officer IIH

Experience : 3 Years Broking & Reinsurance (Baobab Re, Marsh, & Minerva

Qualification : -B.Comm Risk Management & Insurance (NUST)- Diploma in Insurance (CII, UK)- Associate Member of CII, UK (intermediate)

Seminar Facilitators

To promote good feeling and friendly relations amongst members of the Insurance Industry.

To encourage the dissemination of business knowledge and the inculcation of sound Insurance practice by the reading and discussion of papers.

To promote and organize meetings, discussions and social activities for the benefit and interest of members.

To provide facilities for the instruction of students in Insurance knowledge and to assist in the holding of recognized examinations.

To encourage and foster high ethical standards throughout the Insurance Industry.

To offer prizes to successful students of the recognized examinations

To affiliate to or associate with such bodies as may be deemed beneficial to the interest of the Institute.

To do such other lawful things as are incidental or conducive to the attainment of the above objects or any of them

INSURANCE INSTITUTE OF HARARE

MEMBERSHIPThose employed in the Insurance industry.

Insurance Students (MSU, IIZ, IISA, CII)

Insurance Institute of Bulawayo

Chattered Insurance Institute UK

Insurance Institute of Zimbabwe

OUR SISTER & AFFILIATE ORGANISATIONS

About Zimbabwe’s Insurance Industry

SHORT TERM MARKET 25 Registered players 30 retail broking houses3Whole sale brokers Volume of business going up Minimum Capital set at

$100k, $1.5M, Liquidity - 71% of liquid

assets with top 4 underwriters

9 Reinsurance companies down from 10 (horizon Re Deregister)

LONGTERM MARKET 10 Life Assurance Cos (tot 3

controlling 82% of the market)

2 Re assurance Cos (baobab & FM Re – 61%-39%)

Growth of 19% in the 1st Quarter

Tot 3 cos have 82% of the market

Minimum capital of $2million

About Zimbabwe’s Insurance Industry

Medical Insurance & Funeral Assurance

Career Options

Agent / Broker

Underwriter /Claims Processor

Loss adjuster/Assessor

Risk Engineer

Financial Risk Manager

Actuary

Road Map

Industry Expectations Bridging the gap between theory and practice Bringing innovation Hard work and commitment Personal Branding Professional Courses and Short Courses

Attachment Student - Companies to approach Broking Firms Insurance Firms (short term and life) Reinsurance Firms Funeral Assurance Medical Aid houses Financial Institutional Manufacturing Firms Pension Fund administrators

Commissioner of

insurance

.

.

.

suggestion on what IIH

should do for MSU

Qualification to be a risk engineer

# of short term insurers

in Zim

Any one objective of

IIH

Question & Answer Question & Answer

Thank YouThank

You