THE Insurance Institute of Zimbabwe (IIZ) conferred qualifications on 333 graduates across various insurance disciplines at its 2025 graduation ceremony in Harare last Friday.
This marks a 67% increase from last year’s 199 graduates, underscoring the rising demand for professional training in the insurance sector.
Among this year’s graduates, eight attained associateships in insurance, the highest qualification offered by IIZ.
Additionally, 11 received diplomas in Insurance, while 129 were awarded Certificates of Proficiency (COP) in Retirement Fund Trusteeship. Other COP recipients included 105 in short-term business, 72 in long-term business and eight in funeral business.
Alongside celebrating the graduates’ achievements, IIZ is rolling out its newly launched curriculum, introduced last February.
“Graduation is a significant milestone, not just for the students but for the industry as a whole,” Higher and Tertiary Education, Innovation Science and Technology Development minister Fredrick Shava said, in a speech read on his behalf by the ministry’s director of Human Resources, Andrew Murungweni.
“The insurance sector thrives on expertise, and today’s graduates are joining a profession that plays a critical role in economic stability and risk management.”
Shava commended IIZ’s partnership with the National University of Science and Technology (Nust) in ensuring the quality and international recognition of its programmes.
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“It is commendable that IIZ has partnered with Nust to enhance credibility and strengthen the recognition of its qualifications,” he said.
“As the regulator of higher education, we value such collaborations, which uphold Zimbabwe’s reputation as one of the most educated nations in the world.”
Shava urged industry players to prioritise ongoing training and upskilling amid technological advancements, regulatory changes and increasing fraud risks reshaping the insurance landscape.
“The sector must embrace continuous learning to navigate new challenges, from digital transformation to increasing customer expectations,” Shava said.
“Investing in skills development is no longer optional — it’s a necessity.”
Developed to keep pace with industry trends, digital transformation and evolving regulatory frameworks, the curriculum has been endorsed by the ministry.
It aims to equip insurance professionals with modern competencies in data analytics, fraud prevention and risk assessment.
IIZ president Clementine Chinyuku said the revised curriculum was designed to address skills gaps, particularly in digitalisation, risk management , and customer-centric innovation.
“Education does not stop here. We encourage COP graduates to advance to diploma level and diploma holders to strive for associateship,” she said.
“The insurance industry requires continuous learning to keep pace with evolving risks and client needs.”
Chinyuku acknowledged the support of insurance companies and industry leaders, whose investment in professional development had helped Zimbabwean insurance practitioners gain international recognition.
“Zimbabwe’s insurance professionals are highly regarded internationally. This speaks to the strength of IIZ training programmes and the industry’s dedication to skills development,” she said.
