IPEC sets terms on forex denominated insurance policies

HARARE – The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confidence crisis in the recently formalised local currency.

The substance behind the statement (Circular 13 of 2019) appears to be aligning

Property and equity investment portfolios gains boost Fidelity H1 turnover

Staff Reporter

HARARE, Fidelity life Assurances’ (Fidelity Life) total revenue grew by 143%, closing the half year at ZW$62,5M, compared to ZW$25,8M same period last year driven by fair value gains on the Group’s property and equity investment portfolios.

The value gains of ZW$29,9M were recorded during the period