THE MICRO-INSURANCE REGULATORY FRAMEWORK IN ZIMBABWE
Nobert Musa Phiri: Partner Muvingi and Mugadza Legal Practitioners
Summary
The Insurance regulator in Zimbabwe, Insurance and Pensions Commission (IPEC) in June 2017 introduced a micro-insurance framework whose primary objective is to promote the development of micro-insurance in Zimbabwe by establishing a basis for
Zim insurers digital transformation slow : Regulator
HARARE, Insurance and Pension Commission (Ipec) says the country’s insurance industry will not be able to able to enjoy the benefit of transformational technologies until it begins to offer a true digital basic service to its customers.
While the local market is moving in that direction although on a slow pace with most of the big players
Auto Tyres Zimbabwe dissolves pension fund
HARARE, Auto Tyres Zimbabwe (formerly) Dunlop, due to viability challenges dissolved the Auto Tyres Pension Fund and is now inviting contributors for final valuation inspection.
The company said has been facing viability challenges for the past two years, resulting in the Board of Trustees agreeing to dissolve the fund and distribute the Fund’s assets
Retro market disruptions may impact future renewals: Willis Re
Compiled by Insurance24
HARARE, Disruptions and trapped collateral in the retrocession market may have an impact on first-tier reinsurance property catastrophe pricing
levels over the upcoming 2019 renewals, according to broker Willis Re.
The analysis came as part of the firm’s latest 1st View report, which found that reinsurance
How can insurance brokers use rate comparison sites to boost their books of business?
HARARE, Growing a book of business can be quite a cumbersome, expensive and time-consuming task for independent insurance brokers. Some brokers spend thousands of dollars on brand advertising and marketing campaigns without any guaranteed return on investment (ROI) or success. In many cases, traditional insurance
ZSE Bull run buoys Life assurer’s assets base
HARARE, Total industry assets for life assurers and assets supporting life reassurance surged 6, 47% to stand at $2,80 billion as at 30 September 2018 from $2,64 billion reported as at 30 June 2018, the Insurance and Pensions Commission (IPEC) says in its quarterly report.
This was on the back of the significant rise in value of equities which
Funeral assurance industry net profit increase 10% in nine months 2018
HARARE, Profitability for the Funeral Assurance Industry during the nine months of 2018 increased 10,6% to $3,25 mln from $2,9 mln same period in 2019, largely driven by an increase in gross premium written.
According to the regulator’s (IPEC) Q3, 2018, report for the industry, declining management expenses at $2,4 mln from $2,9
Building the broker-underwriter relationship
HARARE, To fulfil insurance’s core mission to provide protection to clients, underwriters and brokers must have a successful relationship backed by a mutual understanding of each other’s business priorities and key drivers.
This is one of the principles that Hayley Robinson, UK chief underwriting officer at Zurich Insurance,
WAICA Re’s entrance to spur competitiveness: IPEC
By Insurance24
HARARE, THE Insurance and Pensions Commission (IPEC) sees an improvement in the insurance industry capacity through on boarding of WAICA Re in the sector as premium will be retained locally.
WAICA RE , a sub-regional reinsurance group headquartered in west Africa W last week launched in Zimbabwe through colonnade
Zimnat launches Automated Licencing Machine
HARARE, Zimnat in conjunction with Gene Insure has launched an Automated Licencing Machine that will allow motorists to be able to pay their license fees and car insurance in one place.
The innovation is expected to introduce a new and convenient way of transaction with Zimnat.
Zimnat group CE Mostafa Sachak said the ALM will introduce a new and unmatched