Credit Insurance Zimbabwe Limited (Credsure) is a world-class provider of and preferred specialist in quality credit and short-term insurance products. Since its inception in 1965, Credsure has provided the Zimbabwean market with affordable and innovative insurance solutions that weather the dynamics of the Zimbabwean economy. Credsure became a member of the International Union of Credit and Investment Insurers (Berne Union) and enjoyed full international standing through this membership. The Berne Union membership which lapsed years back, is in the process of being renewed. In 1996 Credsure became a member of the Credit Alliance which gave it online access to a database of over 20 million buyers and debt collection networks around the world. In November 2007, Credsure decided to extend its business to include other short-term insurance classes due to the difficult economic times that the country was experiencing. Our clients can bank on the amalgamation of both credit and short-term insurance, constituting a wider product offering by the Company
Credit Insurance Zimbabwe Limited is majority owned by ZimRe Holdings Limited (ZHL) Group with 85% shareholding. The balance of 15% shareholding resides with a consortium of local banks. ZimRe Holdings Limited is an investment group that is listed on the Zimbabwe Stock Exchange and has a business network within the region, notably in Zambia, Mozambique, Malawi and Botswana. In addition, ZimRe Holdings Limited has investment interests in the property and agriculture sectors in Zimbabwe.
The objectives of promoting Credsure were to:
- Promote the country’s exports by protecting exporters from commercial and political payment risks.
- Facilitate export finance by cession of credit insurance policies to financial institutions and suppliers.
- Promote domestic business by offering protection against commercial payment risks.
- Provide specialized Construction Bonds and Guarantees.
To be a dominant world-class provider of credit and short-term insurance products in Zimbabwe and regional markets.
To be the preferred specialist provider of quality credit and short-term insurance products which are affordable, accessible, innovative and tailor made to our clients.
Innovation, Excellence, Empowerment, Integrity.