New regulatory body for medical aid societies
Staff Reporter
The government says it will establish a separate regulatory body under the Ministry of Health and Childcare to oversee medical aid societies.
This comes as the government last month proposed amendments to the Insurance and Pensions Commission (Ipec) (Amendment) Bill, 2020, approved that medical aid societies together with the National Social
WIZ urged to scout for development opportunities for members
Staff writer
HARARE, Patron of the Women in Insurance Zimbabwe (WIZ) who is also commissioner of the Insurance and Pensions Commission (Ipec) Grace Muradzikwa says the organization should scout development opportunities for women in Insurance as it seeks to groom assertive strong leaders.
WIZ which was formed last year with the purpose
Private sector covid 19 vaccines procurement advanced
Staff Writer
CIMAS Medical Aid Society, which plays a role of health advisor and programme manager to the private sector COVID-19 vaccination programme says the move has reached advanced stage, hence members should confirm their orders.
In a member bulletin the Society’s Chief Executive Officer Vulindlela Ndlovu advised members to confirm
NSA warns on pension fraud
Staff Writer
HARARE, The National Social Security Authority (NSSA) says it is aware of some scammers trying to defraud the Authority by submitting illegitimate and undeserving pension claims, when in actual fact they have not contributed to the pension.
The authority said undeserving claims entail a situation where people reap where they did not sow. In accordance with the
Women in Insurance Zimbabwe (WIZ) finally launches
Staff Writer
HARARE, The Women in Insurance Zimbabwe (W.I.Z) which was initially to launch in May last year, has now rescheduled its launch to March 12, 2021, as the organization continues to advance the upliftment of woman in insurance in Zimbabwe.
The initial launch was delayed due to the developments around COVID-19, with Zimbabwe instituting its
State of the Pension Fund Industry- Issue 2 of 2021
4 Decades On – How Well Has the Corporate Defined Contribution Pension Regime Fared!
(Part II of a Series)
In this second and final part of our two-part series on the topic, we explore the long array of quick fixes that have been rolled out to address the shortcomings, as highlighted in Part I, of the current corporate Defined Contribution (DC)
IPEC to regulate NSSA, Medical AID Societies
Staff Reporter
The National Social Security Authority and Medical Aid Societies and any other persons conducting insurance business will now be subject to regulation by the Insurance and Pensions Commission (Ipec), once amendments to the bill are passed into Law.
This comes after government, through a Cabinet meeting yesterday, approved the Insurance and
Inflation ramps up volume of premiums written
Staff Writer
HARARE, ZIMBABWE’S insurance industry continues to contend with extremely challenging operating conditions, Fitch Solutions, said in its summary Zimbabwe Insurance Report.
The report noted that the country’s economy has struggled for several years,
Our valued readers today we publish the first series of the State of the Pension Fund Industry report by RIMCA. Please note we will be publishing a continuation of the series every month.
State of the Pension Fund Industry- Issue 1 of 2021
4 Decades On – How Well Has the Corporate Defined Contribution Pension Regime Fared!
(Part I of a Series)
AN accidental discovery of a loophole in a piece of
THE ZAPF 4TH QUARTER 2020 MAGAZINE
THE COVID 19 pandemic will be with us for an unknown period. This is the new normal. It has called for an absolute new way of doing business. Pension Funds have to adapt to the new changes in order to survive the ongoing macro-economic turbulences. Read through the ZAPF 4th quarter magazine, to get an insight, on how the sector is adapting to new ways