AHFoZ concerned about huge increase in drug prices
Insurance24
HARARE, The Association of Healthcare Funders of Zimbabwe (AHFoZ) has expressed concern over the huge increase in the price of drugs at most pharmacies, which it said could only worsen the suffering of patients.
In a statement, AHFoZ, which represents the country’s medical aid societies, said over the past three weeks most pharmacies
CFI Holdings EGM to seal fate for Fidelity Life’s Langford Estates transaction
Insurance24
HARARE, Insurer, Fidelity Life Assurance may lose the Langford Estate, a land comprising of 834 hectares, if Willoughby’s Investments, a substantial shareholder in CFI Holdings succeed in reversing the transaction at an extra-ordinary general meeting to be held next month.
The transaction which was consummated
FML raise $17.25 mln in rights offer
Insurance24
HARARE, First Mutual Holdings rights offer raised $11.67 mln after a subscription rate of 67.68% at the close of the offer. The underwriter’s portion was $5.57 mln, accounting for 32.32% to bring the subscription rate to 100%.
The proceeds are targeted at financing the acquisition of a 80,92 stake in NicozDiamond as well as capitalising the operations.
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
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