The Insurance and Pensions Commission says it has not approved any of the currency conversion reports submitted by the industry, as they compromised the credibility of the currency conversion exercise, extending the deadline for submitting audited financial statements of pension and provident funds to 31 May 2025.
Category: Economy
IPEC Strengthens Commitment to Integrity with Pledge Signing Ceremony
IPEC Strengthens Commitment to Integrity with Pledge Signing Ceremony
Harare: The Insurance and Pensions Commission (IPEC) on Monday held the Board and Management Integrity Sensitisation and Integrity Pledge Signing Ceremony, reinforcing its unwavering commitment to ethical governance and transparency.
The Zimbabwe Anti-Corruption Commission (ZACC) facilitated the ceremony held in Harare for the IPEC
Insurance industry advised to think about optionality
Staff writer
Insurance industry players have been advised to think about optionality when considering deals at a time. 2025 is promising to reflect an increase in transactions compared to prior years, Insurance24 reports.
This comes as an expert has warned that deals do not always work out, thus a need to have the capacity to deal with the aftermath.
Presenting on mergers, acquisitions, and strategic
Pre-2009 pension compensation closure key to restoring confidence in insurance and pensions
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.
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,
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
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
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
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
Insurance Institute of Zimbabwe moves to elevate standards
Staff Writer
The Insurance Institute of Zimbabwe (IIZ) has launched a new curriculum as it seeks to elevate the standards of education and professional development within the insurance sector.
The new curriculum launched on Friday together with the COP Health program, and the Loss and Risk Management programs marked a critical milestone in the institution’s development, signifying a substantial
