The Insurance and Pensions Commission (IPEC) and the Zimbabwe Association of Pension Funds (ZAPF) have underscored the importance of finalising the pre-2009 pension compensation matter, which would help in restoring confidence in insurance and pensions.
Category: Breaking news
25Feb
Zimbabwe’s insurance market projected to reach US$2.51 bln in 2025
Staff Writer
Zimbabwe’s insurance market is projected to reach a market size (gross written premium) of US$2.51 billion in 2025, as the market has been experiencing notable developments and trends in recent years.
Statista, a global data and business intelligence platform, in a report on insurance, said within the market,
24Feb
Sustainability reporting for listed entities now mandatory
Staff Writer
The Public Accountants and Auditors Board (PAAB), the Zimbabwe Stock Exchange (ZSE), and the Victoria Falls Stock Exchange (VFEX) have announced mandatory sustainability reporting for all listed entities.
The mandate is in line with Statutory Instrument 134 of 2019 (Securities and Exchange (Zimbabwe Stock Exchange Listings Requirements) Rules, 2019), as well as ZSE Practice Note
19Feb
Mining Insurance outlook for 2025
The 2025 insurance outlook for the mining sector is shaped by various factors, including evolving insurance industry regulations, operating models, mining regulations, and emerging risks. Here are some key risks and developments to consider as your entity plans its insurance and risk management approach for 2025:
Key Risks for 2025
There are several risks that Mines face and most have traditional
19Feb
Ecocash Holdings to rebrand following shareholder changes
Staff Writer
HARARE, Econet Wireless Zimbabwe Ltd says its subsidiary, Ecocash Holdings, is in the process of changing its name to remove the reference to EcoCash as the Company no longer owns EcoCash and the other Fintech businesses.
This comes as in April 2024, Econet Wireless Zimbabwe Limited and EcoCash Holdings Zimbabwe Limited concluded a Scheme of Reconstruction whereby all the Financial
17Feb
Ok Zimbabwe adopts a new procurement model, restocks
Staff Writer
HARARE, Retailer, Ok Zimbabwe says it has begun restocking its units across the country with support from supplier partners as well as financial institutions that continue to assist with short-term funding structures.
The company also said it has developed new alternative procurement models which include, but are not limited to, a structured stock supply arrangement with a third party
13Feb
IMF commends Zimbabwe’s resilience post El Nino induced drought
Staff Writer
Harare, The International Monetary Fund (IMF) has said Zimbabwe’s economic activity has started recovering after the El Niño-induced drought.
Following the request for a Staff-Monitored Program (SMP) by the authorities in 2023, an International Monetary Fund (IMF) staff team led by Mr Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2024, to advance
12Feb
IIZ’s new curriculum to balance traditional insurance principles and emerging technologies
Staff Writer
HARARE, The Insurance Institute of Zimbabwe (IIZ) says its new curriculum has been designed to balance traditional insurance principles with emerging technologies such as artificial intelligence as it aims to create a comprehensive learning experience that harmonizes the two, Insurance 24 reports.
Over the
11Feb
Natural Disasters: Insurance market suffered US$140bn in insured losses in 2024
Munich – Worldwide, natural disasters caused losses of US$320bn in 2024 (2023, adjusted for inflation: US$268bn), of which around US$ 140bn (US$106bn) were insured. The overall losses and, even more so, the insured losses were considerably higher than the inflation-adjusted averages of the past ten and 30 years (total losses: US$ 236/181bn; insured losses: US$94/61bn). In terms of insured
4Feb
Ipec urges industry to rethink strategies
Staff Writer
The Insurance and Pensions Commission says the industry needs to rethink how it trains and develops itself to navigate emerging complexities and continue to deliver value-added insurance 24 reports.
This comes as the insurance industry is undergoing tremendous transformation, driven by technological advancements, changing consumer expectations, and increasing risk complexity.
Addressing