Moonlight director Masunda has died

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

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Risk anti-selection: A potential threat to reinsurance

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

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Insurance companies directed to make timely claims settlements

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

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IPEC flags insufficient disclosures in 2009 compensation actuarial reports

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

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How short- term insurance can protect the agric community from eventualities

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

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US$310 worth of projects granted prescribed assets instruments

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

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Agriculture insurance way to go

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,

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Unpaid non-resident benefits continue to be a challenge: Ipec

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.

Over

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Environmental, Social, and Governance (ESG) and Sustainability in Insurance

Environmental, Social, and Governance (ESG) and Sustainability in Insurance

By Enock Rukarwa

Traditionally, the primary concern of investors has been the level of returns provided by an investment, with general ambivalence towards how those returns have been generated.

Now, the Insurance industry is seeing a drive towards responsibility in its stewardship of investor money, with investors seeking to

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