Ex-Old Mutual boss launches online mall


FORMER Old Mutual chief executive officer Luke Ngwerume has set up an online financial services shopping mall that offers locals and Zimbabweans in the Diaspora a platform to buy products and services.


Ngwerume resigned from Old Mutual in 2012 after a glittering career spanning for over 30 years.

The online platform, ZimSelector.com, will be launched today by central bank chief John Mangudya.

It is a smart way of buying several financial products or services from some of the leading brands in Zimbabwe, according to marketing executive Falot Chawawa.

It will be the first comprehensive online financial services shopping mall and comparison site that offers a wide range of financial packages from different companies for local and foreign-based Zimbabweans.

“We have got CABS, CBZ, CIMAS, Fidelity, Nicoz Diamond, Old Mutual and ZIMNAT,” Chiwawa said.

He said that if a person wanted to choose a particular product from the above mentioned brands they simply had to type in the package they were after, enter details and be shown a generated list of results of the packages from the listed brands.

“The website will calculate the various types of premiums that one will be liable to pay and will list them for the client to choose whatever price they want, either based on price or on features,” Chiwawa added.

Financial services to be included by ZimSelector.com on its online platform are products such as medical aid, funeral, home, motor, life, travel, banking and investment products.

“The brands we are working with have stood the test of time and have a high reputation. Whenever our company is approached by an organisation we go through a thorough vetting system to make sure that we get brands that match the message that we are trying to put across.”

ZimSelector.com had a soft launch of the platform in October 2014 to test the online service and spruce the website through fixing any problems before its official launch today.

It is compliant with regulations of the Reserve Bank of Zimbabwe, the Insurance and Pensions Commission of Zimbabwe and the of Health and Child Care ministry policies.