Z I M N A T
L I F E
A S S U R A N C E
BAOBAB RE
B
aobab Re transacts business in select markets on the African continent and has a local and regional expansion programme. The Company’s major interests are Life and Health facultative and treaty business which includes Individual Life, Group Business, Funeral and Credit Life. Baobab Re is further interested in viable investment opportunities within Africa, exchange of notes on all strategic business issues and assisting our clients in skills development through training.
T +263 4 772963 9 E baobabre@baobabre.co.zw
www.baobabre.co.zw Mr Munyaradzi Javangwe, CEO
Broadening market possibilities
Zimnat Life’s distribution channel consists of 80 percent local business partnerships and tied agents, with the exception of the Diaspora Funeral Cash Plan, which is distributed by an independent agent based in the UK. Another exciting development stems from discussions which are currently at an advanced stage with the South African authorities for a Co-Insurance arrangement with Sanlam to cater for the Zimbabwean Diaspora in South Africa. With such a balanced approach to building relationships in the industry and the increasing spread of the Company footprint, Zimnat Life is able to tap into markets that had not previously been available to them. An innovative mindset is one of the leading factors in the success seen at Zimnat Life; consistently coming up with new ideas and projects which will broaden its market possibilities. “One of the country’s leading
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Zimnat believes in building its own talent to fill in high level and demanding positions and we only resort to external hiring for scarce skills
mobile service providers, Telecel, is now distributing our products. The products being distributed are not within our usual parameter; instead they are on a micro-insurance basis, therefore enabling any uninsured person to afford the protection our insurance provides,” Rabvukwa affirms. “Alongside this, we are also in the process of setting up franchises to increase the distribution network for our products.” In order to make a successful transition during this period of growth, a huge precedent is placed on finding the right employees for the role. Zimnat Life takes pride in hiring, training and retaining highly qualified personnel and those who demonstrate potential for growth within the Company. “Zimnat believes in building its own talent to fill in high level and demanding positions and we only resort to external hiring for scarce skills,” confirms Rabvukwa. “All