IPEC moves to equip industry on the inevitable impact of block chain technology in insurance
Walter Mapfumo
Staff Reporter
HARARE, The Insurance and Pensions Commission (Ipec) has moved to equip the insurance industry with an appreciation of the inevitable impact of block chain technology in transforming existing business models.
The regulator will tomorrow host a breakfast
http://www.cbzinsurance.co.zw
Zimbabwe Operational Risk Report : FitchSolutions
Portia Zimbizi
Staff Reporter
HARARE, The amalgamation of pervasive corruption, weak rule of law and policy uncertainty underscored by shifting positions on the country’s local ownership and foreign participation regulations have made Zimbabwe an unattractive investment environment for the past two decades .
Corruption
Pension funds seek nod to invest offshore…as IPEC looks to restructure the architect of the industry
LS (Own corresponded)
HARARE, Pensions Industry players are engaging government through regulator, the Insurance and Pensions Commission (Ipec) to be allowed to invest outside Zimbabwe to preserve value.
The pension’s funds recommendation comes in the wake of loss of value and savings by Zimbabweans
Insurers must investigate revocations in the case of third part policy holders
By Insurance24
HARARE, Insurers must investigate revocations in the case of third part policy holders to avoid paying claims twice, insurance 24 has learnt.
This was revealed by Gill, Godlonton and Gerrans Partner, Hebert Mutasa last week while he was presenting a paper on the Insurers Obligations in Relationship to Stipulations
Zim pensioners feel financial pinch
August 23, 2018
Phillimon Mhlanga
Thousands of Zimbabwe’s pensioners are feeling thepinch of low retirement payout which has left them wallow in abject poverty, with experts describing the country’s pension scheme payouts as a “shame”.
There are basically four main sources of pension benefits in Zimbabwe. These are government pensions for civil servants, national
Nyaradzo Life Assurance acquires specified hearses…..News Release
By Insurance24
HARARE, Nyaradzo Life Assurance’s funeral services division has acquired three hearses which are on standard Toyota bodies modified to Nyaradzo’s specifications.
The three Toyota 2.4 L 4×4 GD6 engine hearses were delivered yesterday
Reasons for the Design of the Vehicles
Nyaradzo Group has clients who are spread
Positive investment returns drives Mining Industries Pension Fund (MIPF) funding level to 77.5% in 2017
By Insurance24
HARARE, Funding level for the Mining Industries Pension Funds’ (Miff) improved to 77.5% in 2017 compared to 58.1% in 2016 with the growth largely attributed to a positive investment returns achieved on the assets of the fund during the year.
The Pension fund in a circular to
Zimbabwe Pension and Insurance Tights Trust (ZImPirt) differs on IPEC’s as it also pokes registered entities
By Insurance24
HARARE, The Zimbabwe Pension and Insurance Rights Trust (ZImPirt) says the recent warning for the public not to engage organizations purporting to be insurance or pension’s experts indirectly takes away the public’s freedom to associate, which is unconstitutional.
Insurance
Pensions industry total income surges to $722m in2017
HARARE – The pensions industry’s total income for the year ended 31 December 2017 totalled $722.47 million; with contributions and fair values gains in equity amounting to $398.76 million and $139.08 million, respectively, a report released by the Insurance and Pensions Commission (Ipec) shows.
In its pensions report for the period under
EcoSure Moovah set to disrupt the short-term insurance industry for the good of motorists: Econet Cassava CEO
By Insurance24
HARARE, Econet through its recently licensed Econet Insurance (Private) Limited has unveiled a short-term motor vehicle insurance service EcoSure Moovah, which it said is set to disrupt the short-term insurance industry for the good of motorists through its attractive value