Ipec warns regulatory action for Life Assurers defaulting on minimum prescribed ratio
Insurance24
HARARE, Non-complaint life assures with the minimum prescribed ratio of 7.5% risk regulatory action, regulator, the Insurance and Pensions Commissions has warned.
For the period second quarter ended 30 June 2017, 8 players were fully compliant with the prescribed minimum prescribed ratio of 7.5% with the
Doves and Ruvimbo lifts the Funeral assurance industry net premiums in H1 2017
Insurance24
HARARE –The Insurance and Pensions Commission (Ipec) says funeral assurance industry players should take advantage of opportunities presented by micro-insurance products which is a potential growth area for the industry.
This follows the industry’s declined in Technical profits for the half year period to
Insurance sector remains safe and sound in Q2 2017: IPEC Life Report
Insurance24
HARARE, The Insurance and Pensions Commission (IPEC) says the Insurance sector remained safe and sound and continues to play a significant role in the economy. As a result, during the second quarter ended 30 June 2017, the sector recorded improvements in key financial indicators on the back of a number of measures instituted
Tax implications on insurance and pension industry: IPEC
Nelson Gahadza
HARARE, Commissioner of Insurance, Pension and Provident Funds Tendai Karonga says given the critical roles played by the financial and ICT sectors to the economy, the tax practices applicable to these sectors should not inhibit the same sectors’ ability to perform their respective roles.
Comm Karonga was speaking at a Tax and
Pensioners above 60 years exempt from bank charges as NSSA/Banks strike deal
Insurance24
Harare, Pensioners above 60 years are now exempted from paying transaction charges under a new dispensation agreed with at least 12 local banks, government controlled pension fund, the National Social Security Authority (NSSA) announced on Wednesday.
NSSA has previously been criticized for turning pensioners
National Health Insurance Scheme roll-out in Q1 2018: NSSA
Insurance24 Reporter
HARARE, The National Health Insurance Scheme (NHIS) will be implemented by end of the first quarter of 2018, the National Social Security Authority (NSSA) has said.
The establishment of the NHIS was first mooted years ago with a view to achieve universal health insurance cover in Zimbabwe.
In an interview, NSSA board chairman
Insurer First Mutual Holdings exits RTG
Insurance24 Reporter
HARARE, First Mutual Holdings Limited has reached an agreement with the National Social Security Authority (NSSA for disposal of 19.957% shareholding in hotelier Rainbow Tourism Group (RTG) to NSSA.
NSSA is already a major shareholder in FMHL and the deal reached in August 2016.
“FMHL is advising its shareholders that an agreement has been
Can tech help insurance stop being a ‘grudge’ purchase?
Insurance24
Insurers are using new technology to move insurance from a “grudge” purchase – where customers only interact with the industry when something goes wrong – to a “nudge” purchase – the kind that encourages safer behavior.
Insurers are investing hundreds of millions of dollars in insurtech. The technology can help insurers
Central Bank issues RBZ 7% Savings Bond, individuals, insurers invited
Insurance24 reporter
HARARE, Zimbabwe’s Central Bank has issued a 7% RBZ Savings Bond which it earlier announced in the Mid-Term Monetary Policy Statement Review.
“The Reserve Bank of Zimbabwe hereby invites investors, individuals, companies, pension funds and provident funds, insurance companies, life mutuals, financial institutions
Doves Funeral’s exciting executive Lifestyle package.
Insurance24
HARARE, The Dove Lifestyle Package, comes in with holiday provision for the policy holder, top of the range caskets and executive vehicles to provide comfort at the time of bereavement. The product is an addition to the existing conventional funeral policies to cater for the high end market.
Apart from being the preferred funeral