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First Mutual Holding
Zimbabwe
2015 (10 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know First Mutual Holding
Company Information
Get to know First Mutual Holding
First Mutual Holdings Limited is a leading financial services group that is committed to creating value through risk management, wealth creation and wealth management predominantly in the insurance sector. The group has more than a hundred years of serving Zimbabwe through provision of economic dignity though its strategic business units. They have diverse interests in short term insurance; short term re-insurance; life assurance; long term re-insurance; as well as the property sector housed under the following subsidiaries; First Mutual Life, First Mutual Properties, First Mutual Health, TristarInsurance Company, First Mutual Wealth Management, First Mutual Reinsurance and FMRE Property & Casualty (Botswana). At First Mutual Holdings, they care and we go beyond. First Mutual Holdings seeks to strategically position its insurance businesses as preferred service providers through focusing on service delivery, process efficiency and balance sheet strength. The Company places great emphasis on the recruitment, training and retention of quality skills; and harnessing of efficient information technology platforms complemented by a strong capital base. The group will continue to examine trends in the African economies with the expectation of developing sub-Saharan opportunities and converting them to increased business for the company using existing group synergies to maximum advantage.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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