Restructuring, improved collections and premiums lifts NSSA in 2016

HARARE, The National Social Security Authority’s (NSSA) contributions and premiums income increased 12% to $327,7mln in 2016 compared to $292,9mln in 2015 largely driven by improved collections and a marginal increase in premiums.

During the year, contributions alone were14% up at $276.5mln from $242,8mln in prior year while premiums

About 77% of Zimbabwe’s adult population uninsured, as hyperinflation period still haunts them

HARARE, At least 77% of Zimbabwe’s adult population do not have any form of insurance cover with majority still stuck in the aftermath of the hyper-inflationary period where they lost value in their savings and cover.

This has culminated into the current state of the low insurance penetration ratio which