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
Embrace the new millennials- insurance sector urged
Noah Kupeta
HARARE, Experts say the insurance and pension industry should embrace the elusive millennial market to increase their clientele base.
Renowned Harare economist from the University of Zimbabwe, Professor Albert Makochekanwa said insurance companies should revisit their clientele base focusing on young demographics.
“The income that most
Review marine insurance pricing: industry players
Noah Kupeta
HARARE, Players in the freight cargo and shipping industry have called upon insurance companies to review the pricing model charged on freight, cargo and shipping companies which they have described as “exorbitant”.
The companies have hinted that local insurance companies might be losing millions of dollars since most freight, cargo
Unpacking the Insurance Act and the Pension and Provident Funds Acts with IPEC Head of Pensions
Josphat Kakwere
Noah Kupeta
The Insurance and Pension Commission (IPEC) Head of Pensions, Josphat Kakwere, has described the recent pronouncement by President Emmerson Mnangagwa on the amendment of the Insurance Act and the Pension and Provident Funds Act ‘as welcome and long overdue’. Our reporter,
Policy holders and pensioners to fully enjoy their rights and benefits– President Emmerson Mnangagwa
Noah Kupeta
Zimbabwean President Emmerson Mnangangwa during the official opening of the 2019 Second Session of the 9th Parliament, emphasising that the ultimate objective on the amendment of the Insurance Act is to protect the policy holders and pensioners so that they
Foreign currency for selected insurance products: IPEC
Noah Kupeta
HARARE, The Insurance and Pension Commission (IPEC) has announced that the Reserve Bank of Zimbabwe (RBZ) has approved denominated policies on selected products in line with industry market demands.
The development has been hailed by various stakeholders as positive considering the current hyperinflationary environment in Zimbabwe as
Time for African insurance industry to digitalise
Noah Kupeta
ZimSelector.Com Business Development Director Zelina Francis explaining the significance of digitalising insurance in Africa.