A Zimbabwean financial services firm, ZimSelector.com, has started rolling out various products online to local and international clients.
ZimSelector.com chief executive officer, Luke Ngwerume, said the development is set to stimulate a financial sector that has experienced sluggish growth in recent years.
The company, with offices in Zimbabwe, has partnered with reputable insurance and banking companies including Old Mutual, Commercial Bank of Zimbabwe, Fidelity Life, Nicoz Diamond, RM Insurance, Zimnat Life and Zimnat Lion.
"This will transform the way Zimbabweans based all over the world purchase their financial products. They will now be able to compare and buy products online from anywhere anytime without having to travel home," said Ngwerume.
Managing director of Total Systems, Terence Bourne, said in a press statement his organisation was excited in working with ZimSelector.com in this new endeavor.
"We are delighted to have supported ZimSelector.com on this next phase of their development and am confident that, with the drive the team of ZimSelector.com and the creative use of our technology, we will continue to push new boundaries for financial services in Africa," said Bourne.
Zimbabwe's Insurance and Pensions Commission Commissioner, Marnet Mpofu, also applauded the new initiative by ZimSelector.com.
"ZimSelector.com is a new type of player and to register it the Commission had to go back to the statute books of the insurance industry to understand how to deal with the new approach," said Mpofu, adding that the new multiple agency type of company being offered by this new company is one of the positives that will attract users.
Ngwerume said ZimSelector.com's strong ties with the central bank and reputable insurance and health companies in Zimbabwe will benefit its users worldwide.
Ngwerume further noted that future plans include extending its services across Africa.