Arrear pension benefits rise 100% in Q3, 2019
Staff Writer
The Insurance and Pensions Commission (Ipec) says the arrear pension benefits have shot up 100% to $87, 07 million in Q3 2019 from $77,77 million in half year 20 19 while unclaimed benefit liabilities marginally declined $32,44 million in the comparable period.
In its Q3 pension’s industry report, Ipec said the increase in the arrear pension
Insurance brokers’ role being underplayed.
HARARE, Insurance service seekers haves over the years relied on insurance brokers for advice on insurance products and risks among others.However there has been an emergency of such services a banc assurance and insurance agents that are cutting the role of the brokers. In the past brokers have accused them of conditional selling of insurance saying
New IIZ president spells out vision
Staff Reporter
VIC Falls: The Institute of Insurance of Zimbabwe (IIZ) has elected Mapiye Chigorondondo as its new president at the just ended annual general meeting in Victoria Falls.
Chigorondondo who has over 26 years’ experience in the industry in the insurance industry takes over from Ushe Mungaraza who served the institute as president for two years.
His
Government reviewing insurance and pension industry- Finance minister
Noah Kupeta
HARARE, Government is working with the Insurance and Pension Commission (IPEC) to review the regulation of the insurance and pension industry in a bid to preserve the value of pension benefits and policy holders, a government official has said.
Presenting his 2019 Budget statement, Finance and Economic Development Minister
Prioritise treating customers fairly-IPEC Board Chairperson
Noah Kupeta
IPEC Board Chairperson, Albert Nduna
The Insurance and Pension Commission (IPEC) board chairperson Albert Nduna has called upon industry players to treat customers fairly to gain confidence and trust among its stakeholders.
Albert Nduna said IPEC acknowledges that macroeconomic stability and predictability of macroeconomic fundamentals
IPEC to support agriculture-Mthuli Ncube
Noah Kupeta
HARARE, The Insurance and Pension Commission (IPEC) is working on a comprehensive raft of measures to support agricultural production with a view to boost macro-economic performance and the country’s gross domestic product, Finance and Economic Development minister, Professor Mthuli Ncube has said.
While presenting the 2020 National Budget Statement
Comply with revised minimum prescribed asset thresholds- Mthuli Ncube
Noah Kupeta
HARARE, Finance and Economic Development minister Professor Mthuli Ncube has said most insurance players remain non-compliant with the revised minimum prescribed asset thresholds as at 30 September 2019 following the review of the minimum prescribed asset thresholds.
In his 2019 National Budget Statement, Professor
Insurance sector minimum capital requirements reviewed upwards
Staff Writer
HARARE, FINANCE minister Mthuli Ncube has reviewed minimum capital requirements for the insurance sector, indicating that this was necessitated by the obtaining macro-economic environment.
Mthuli made the adjustments in his 2020 national budget, under the theme Gearing for Higher Productivity, Growth and Job Creation. However,
CIMAS chief executive officer, Vulindlela Ndlovu
Zimbabwe: Less than 10% of population covered by medical aid
HARARE – Zimbabwe’s economic meltdown has made it difficult for the generality of the people to afford health care, with experts revealing that less than 10% of the country’s population is covered by medical aid.
The majority of pharmacies in the southern African nation have been
IPEC concerned over owner-managed entities : CALL FOR ADVERTS IN THE ZAPF 4TH QUARTER MAGAZINE
Own correspondent
VIC Falls – Insurance and pensions commission IPEC says it is enforcing Risk and Corporate Governance Directives for both insurance and pensions as loopholes in this areas continue to emerge.
Ipec commissioner Grace Muradzikwa yesterday told delegates attending the insurance institute