Summary

The Insurance and Pensions Commission (IPEC) Amendment Bill, 2024, introduces significant reforms that will reshape Zimbabwe’s insurance, pensions, and medical health sectors. Notably, the Bill expands IPEC’s regulatory powers to include medical aid societies for the first time, ensuring these entities are subject to the same regulatory oversight

By Olayayi Jack

THE Insurance Institute of Zimbabwe (IIZ) recently hosted its highly anticipated Annual Dinner at the Rainbow Towers in Harare, bringing together leaders, professionals, and key stakeholders from across the country’s insurance sector.

The event, held under the theme ‘Fostering a Culture of Innovation’, was a celebration of the industry’s achievements over the past year and

Staff Writer

Waica re Zimbabwe Manager-Life Clementine Chinyuku has been elected the Insurance Institute of Zimbabwe (IIZ) president, taking over from Tatenda Katoma.

In her acceptance speech at the recently held conference, Chinyuku said more work needs to be done to bring insurance to the people but also relevant and meaningful products.

“Increasing insurance awareness can help demystify our industry

By Gandy Gandidzanwa & Itai Mukadira

That economic misfortunes have a direct impact on the pension fund sector has never been questioned or doubted. Could the reverse be true though – that pension fund sector sub-par management could negatively hurt an economy?

That economic misfortunes have a direct impact on the pension fund sector has never been questioned or doubted. Could the reverse be

Staff Writer

The healthcare sector has been challenged to adopt a culture change and a change of priorities so that people embrace a culture of investing in health through taking medical aid cover instead of prioritising investing in burial.

Association of Health Funders of Zimbabwe (AHFoZ) chief executive Shylet Sanyanga at the association’s 2024 annual conference recently said before being buried,

Staff Writer

HARARE, The insurance industry is battling confidence issues due a myriad challenges including legacy issues mainly embedded in economic issues.

But the landscape is shifting with the industry remaining resilient despite these challenges.

Tony Van Niekerk (TN) who is the Owner and Editor for the Cover Publications believes that the Zimbabwean insurance industry is very

Staff Writer

THE business of insurance operates within a complex environment shaped by economic, digital, and geopolitical uncertainties.

According to Zimbabwe’s Finance Minister Mthuli Ncube, as the industry navigate through a rapidly changing global economic landscape, the importance of the insurance industry becomes even more pronounced.

The world is witnessing unprecedented technological advancements,

Staff Writer

Harare, Total expenditure for Pension Fund Administrators amounted to $96 billion in the quarter to March 2024, against an income of $70,7 billion, resulting in a loss of $25,5 bln.

According to the Ipec Pensions Report for the quarter under review total expenditure was mainly comprised of salaries and wages, operating expenses, commissions and rentals.

Salaries and wages at $50,51 billion

Staff writer

Insurance and Pensions industry regulator, IPEC has stopped dissolutions of about 372 funds that were earmarked for dissolution to allow conclusion of the pre-2009 compensation.

The Justice George Smith-led Commission of Inquiry constituted in 2015 found some policyholders and pension scheme members were prejudiced by the conversion process during dollarization and recommended they be