Insurance has given hope and relief to the dreams of many, and its role in our society, businesses, and personal lives continues to grow. Altfin has recognised this and strives to meet the expectations of its customers. Altfin Insurance is a 100% wholly owned subsidiary and flagship of Altfin Holdings Limited. The parent company also has full shareholding in Altfin Life Assurance and Altfin Health Insurance Company. Altfin Insurance is one of the most celebrated and notable brand in Zimbabwe when we talk of insurance. A brand one cannot afford to ignore in the short term insurance industry.
It is one of Zimbabwe's leading short term insurance companies and is ranked amongst the top five brands in the insurance industry. The Altfin brand came into existence after the merger of then Orion Insurance Company and Strategies Insurance Company in 2003. The merger created a much stronger organisation with broader capabilities that gave clients access to virtually every conceivable short-term insurance product available on the Zimbabwean market. A national distribution network is a key success factor in insurance. The expansion of Altfin was consolidated in the opening of branches in Bulawayo in October 2003, Gweru and Mutare in 2004 and Chinhoyi in 2005.
Altfin Insurance is focused specifically on offering its clients a wide variety of highly specialized insurance products and services. These specialized products and services are tailor-made to meet different insurance needs for different clients. Altfin insurance ensures that the clients fulfill their goals by focusing on their core business instead of insurance.
Our Product Offering
The company focuses on the corporate, commercial and personal markets. Constant and smart innovation, coupled with specialists in underwriting skills in Personal lines Insurance, Bonds and Guarantees, Corporate, Fire and All risks, Motor Insurance, Engineering, Personal Accident and Marine Insurance continue to ensure that the Altfin Insurance brand remains an industry leader. Its competitive advantage is multi faceted in order to deliver innovative products and services. All divisions are supported by underwriting managers, who assist brokers in designing a complete range of tailor-made insurance solutions in specialist markets. Through our constant pursuit of innovation we are rapidly becoming a leading provider of engineering, mining, property, farming and motor insurance.
As Altfin Insurance, we derive our inspiration from innovation as we continue to find new approaches to add value to our clients. Altfin values emphasize the importance of striving to be a valued and trusted innovative partner to all its stakeholders. Based on these values, the company offers personalised services in order to strengthen its structure and support its customers wherever they do business together.
Convenience and added value are part of every aspect of Altfin Insurance. "Smart Innovations underpins all that we are and do and this is evident in our product offering. We can simplify your life with a wide range of insurance benefits, features, and services designed to help you save money and get you back to life in the event that you require our services.
Commercial Motor Fleet
Motor Traders Internal and External
Executive Motor Scheme
Assets All Risks
Group Personal Accident
General/ Tenants/Property Owner's Liability
Directors' & Officers' Liability
Personal All Risks
Individual Personal Accident
Loss of Profits following machinery breakdown
Contractors All Risks
Civil Engineering Completed Risks
Plant All Risks
Electronic Equipment Policy
Erection All Risks
Bonds and Guarantees
Customs and excise bonds
Farm comprehensive policy including the following:
Business All Risks
Crops Burglary / theft (on first loss basis)
Goods in Transit
Yacht and Boat
Emergency Services (Altfin EA24 Emergency Assist Program)
Altfin became the pioneer of emergency assist program in Zimbabwe in partnership with MARS Zimbabwe, which is now rebranded Altfin EA24 Emergency Assist Program. This came after the realization of the need of an efficient emergency roadside, home and medic assistance in Zimbabwe. It has 3 main categories which are
- Roadside Assistance
- Medic Assistance and
- Home Assistance
Enterprise Wide Risk Management ( EWRM)
This is an integrated and coordinated approach in the management of all risks. Risk management result in increased risk awareness and reduced number of risk incidents.
Altfin offers in house valuation services for both Motor and Assets free of charge. The clients are advised of correct market values for their assets.
The Status Insurance
A prestigious club of the high net-worth individuals who benefit from innovative and personalised service designed to take a burden off their shoulders when it comes to all insurance needs.
Altfin Insurance boasts of a high level management team which leverages decades of experience in providing world class insurance services. The company has experienced phenomenal growth which is attributable to:-
- Its clients who have demonstrated confidence in the company from inception.
- The Management who have extensive experience in their respective areas of operation and who adopt a proactive, innovative approach to winning and retaining business.
- Its service delivery
We believe it is essential to continue to focus on achieving greater overall operational efficiencies at the same time as we pursue new opportunities for growth. The company is focused in continually improving itself to ensure that its customers, shareholders, business partners, and our employees can take great pride in it. Altfin has become a definitive statement for brand success and this has propelled the brand to the next level of a strong and credible entity in the market.