Investors rate regulators in perception survey, Ipec found to have no overall effect

Investors rate regulators in perception survey, Ipec found to have no overall effect

HARARE, The Insurance and pension Commission (IPEC) is among a few regulatory institutions in Zimbabwe found to have no overall effect on business operations by investors, an Investor Perception Survey (IPS) report shows.

The IPS report for 2016 was commissioned by Government through the National Economic Consultative

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Risk profile based premium contributions will sink more banks: DPC

Risk profile based premium contributions will sink more banks: DPC

 HARARE, Zimbabwe bank depositors’ insurer, the Deposit Protection Corporation (DPC) says while the risk based premium contribution is fair, if implemented under the current economic environment more banks will go under.

At the moment contribution to the Depositors Protection Fund by deposit taking financial institution is at a

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IPEC warns on deceiving unsuspecting potential insurance consumers

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IPEC warns on deceiving unsuspecting potential insurance consumers

HARARE, The Insurance and Pension Commission say it frowns upon insurance companies or insurance agents/brokers who deceive unsuspecting potential insurance consumers all in the name of making money at the expense of policyholders.

Ipec Commissioner Tendai Karonga said it is important that insurance companies uphold the highest standards

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Restructuring, improved collections and premiums lifts NSSA in 2016

Restructuring, improved collections and premiums lifts NSSA in 2016

HARARE, The National Social Security Authority’s (NSSA) contributions and premiums income increased 12% to $327,7mln in 2016 compared to $292,9mln in 2015 largely driven by improved collections and a marginal increase in premiums.

During the year, contributions alone were14% up at $276.5mln from $242,8mln in prior year while premiums

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About 77% of Zimbabwe’s adult population uninsured, as hyperinflation period still haunts them

About 77% of Zimbabwe’s adult population uninsured, as hyperinflation period still haunts them

HARARE, At least 77% of Zimbabwe’s adult population do not have any form of insurance cover with majority still stuck in the aftermath of the hyper-inflationary period where they lost value in their savings and cover.

This has culminated into the current state of the low insurance penetration ratio which

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Depositors’ insurer, the Deposit Protection Corporation partners Zimpost

Depositors’ insurer, the Deposit Protection Corporation partners Zimpost

HARARE – The Deposit Protection Corporation (DPC) has partnered postal and courier services provider Zimpost in an effort to enhance service delivery and provide convenience to its clients.

The Deposit Protection Corporation is an independent statutory body established by the government of Zimbabwe in terms of the Deposit

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International speakers headline the Zimbabwe Association of Funeral Assurers (ZAFA)

International speakers headline the Zimbabwe Association of Funeral Assurers (ZAFA)

Harare – Several international speakers headline this year’s Zimbabwe Association of Funeral Assurers (ZAFA) conference which will be held from 31 July to 01 August 2017 in Bulawayo.

Notably among them are Teresa Saavedra who is FIAT IFTA President from Bolivia, Alex Granger from South Africa and Emerson De Luca

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The Compliance Society of Zimbabwe officially launches, as IPEC urges corporate compliance

Compliance Society of Zimbabwe officially  launches, as IPEC urges corporate compliance

HARARE, The Compliance Society of Zimbabwe (CoSoZ) an umbrella body for Compliance Professionals across all economic sectors in Zimbabwe was launched yesterday and seeks to ensure that corporate compliance is a continuous process.

TENDAI KARONGA, the Insurance and Pension Commission (IPEC), Commissioner of Insurance,

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ICZ new head office in Harare commissioned, as Finance Minister urges more investment into infrastructure projects

ICZ new head office in Harare commissioned, as Finance Minister urges more investment into infrastructure projects

HARARE, Finance Minister Patrick Chinamasa says the insurance industry must use its tactical position in the economy to mobilize resources for strategic public and private infrastructure development.

He was speaking at the commissioning of the Insurance Council of Zimbabwe (ICZ) new head

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