HARARE, With one of the world’s highest unemployment levels, an ultra-expensive financial services sector, an SMEs-driven economy, very small average fund size, and a significant informal sector, the Zimbabwean pension fund industry is most perfectly placed for a speedy-but-structured transitioning into a robust and dynamic umbrella-fund-dominated sector. All it requires is a genuinely member-centric

Zimbabwe celebrating global money week.

HARARE, As we celebrate global money week, here we try to demystify insurance in general for the benefit of young people.

What is global money week?

This is a global money alertness campaign on the importance of financial coaching, financial attachment and entrepreneurship skills for young people.

At insurance 24 we have seen that there is no financial education

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

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,