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Published byBrice Arnold Modified over 9 years ago
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Public Lecture Presented By Murairo Mukuvuri ; B Comm Risk Mgt &Insurance (NUST),
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Insurance Institute of Harare
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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. Objectives of Insurance Institute of Harare (IIH)
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Insurance Institute of Zimbabwe (IIZ) Insurance Institute of Bulawayo (IIB) Zimbabwe Association of Reinsurance Organisations (ZARO) Insurance Council of Zimbabwe (ICZ) Life Offices Association Of Zimbabwe (LOA) Zimbabwe Insurance Brokers Association(ZIBA) Sister Bodies
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Facilitators
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Job opportunities in the insurance Industry Description of broker’s role particularly in Zimbabwe market Impact of indigenisation on insurance operations Outlook of insurance industry given the current economic conditions, any hope for insurance industry Ethics on claim processing in industry especially for brokers Expectation of industry on attachment students Topics
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Is a professional who works in the insurance industry, who is the agent of the buyer rather than the seller of insurance an independent insurance agent who works with many insurance companies to find the best available policy(ies) for his client Broker is paid on commission Description of Broker’s role
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Bargaining on behalf of the insured- Technical interpretation Claims management and advocacy Risk management advice Client education Duties in the Zimbabwean Market
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There are 31 registered retail insurance brokers in Zimbabwe and 3 registered reinsurance brokers Registered Brokers in Zimbabwe
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Minerva (AON) Marsh Alexander Forbes Largest In International Market Marsh Aon Willis Group Largest Broking Houses in Zimbabwe
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Questions
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