Pension Funds called to regularise Boards of Funds
Staff Writer
The Insurance and Pension Commission (Ipec) has called on pension funds to regularise, by fully and properly constituting their board of funds, in terms of the requirements in terms of Section 22 of the Pensions and Provident Funds Act (Chapter 24: 32).
With the coming into effect of the ACT, all funds were required to comply with the
Prove your worthy to breach the gender gap- Chinyuku
Moonlight director Masunda has died
Staff writer
Moonlight Group Assurance Director, Tichanzwana Masunda, has died.
While details around his death are still not clear, Moonlight announced his death.
“We are deeply saddened by the untimely death of Moonlight Assurance Director, Mr. T. Masunda. We extend our utmost condolences to the family, friends, and co-workers. May his soul rest in peace,” read
Risk anti-selection: A potential threat to reinsurance
FOR years, the insurance industry has faced various headwinds, most of them linked to economic performance given that the two are intertwined.
However, some of the challenges have been sector-specific, for example, the externalization of risk, which has turned out to be a continental challenge.As an establishment meant to minimize the adverse
Insurance companies directed to make timely claims settlements
Staff Writer
The Insurance and Pensions Commission (Ipec) has directed all insurance companies to timely settle claims after an increasing number of policyholders sought the Commissioners intervention due to protracted claims settlement.
Ipec, in a circular, said the situation necessitates urgent attention and action from all insurers.
“In
IPEC flags insufficient disclosures in 2009 compensation actuarial reports
Staff Writer
The Insurance and Pensions Commission (Ipec) says it has noted inadequate disclosures in actuarial reports submitted as part of the 2009 compensation schemes.
Ipec, in a circular seen by Inusrance24, said the inadequate disclosures are inhibiting the Commission from making an informed decision on the compensation
How short- term insurance can protect the agric community from eventualities.
By Jasper Manyika
There is no dispute to the fact that agriculture is not only the oldest profession, but it is in fact the first for humanity ordained in the sacred garden.
Throughout history people have grown various crops for own food, butter trade, international trade and as raw materials for the manufacturing sector.
Again
US$310 worth of projects granted prescribed assets instruments
Staff Writer
Harare, Projects valued at US$310 million and ZWL$8,5 billion were conferred prescribed asset status by the government to support their resource mobilisation efforts.
Under prescribed assets, the government requires such investors, such as pension funds, to hold a certain number of investments in government-specified assets
Agriculture insurance way to go
HARARE, AGRICULTURE insurance plays a significant role in creating value for the Zimbabwean economy and society.
As a largely agricultural-based nation, Zimbabwe heavily depends on its agricultural sector for food production, employment generation, and export earnings.
However, farming activities are often exposed to various risks such as unpredictable weather patterns,
Unpaid non-resident benefits continue to be a challenge: Ipec
Staff Writer
The Insurance and Pensions Commission (Ipec) says the unpaid benefits to non-resident pensioners cumulatively stood at ZWl$3,2 billion (US$600000) as at Q3 2023.
The amount owed to about 3055 non-resident pensioners increased by 1098% in nominal terms during the period with the number on pensioners having gone up to 3115.
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