Unrealised gains/ currency reforms boost short-term insurer’s earnings
Staff Reporter
HARARE, THE short-term insurers 2019’s after tax profit increased 766,99% to $359,2 million compared to $41,47 million in 2018 mainly driven by movements in unrealised gains as well as currency reforms.
Ipec in an industry report, said there was a slight movement in the combined ratio for the short-term insurers
Insurance Business in Zimbabwe – How to guard against a recession
Staff Reporter
HARARE, Insurance industry take its cue from the fortunes of the financial sector and is directly affected by the movements at the macro-economic level. Economic growth spurs insurance activities and a recession creates manifold problems for the insurance industry. Economic agents who needs to buy insurance
IPEC empowered to issue general guidelines and standards
Staff Reporter
FINANCE and Economic Development Minister Mthuli Ncube has announced legislation empowering the Insurance and Pension Commission (IPEC) to issue general guidelines and standards whenever the Commission considers it necessary, convenient and in the best interest of policy owners, and pension and provident fund members.
IPEC is a