Insurance brokers target doubling market share
HARARE, Insurance Brokers are targeting to double their market share to 80 percent within the next two years on the back of anticipated increased economic activity.
The brokers, who are regulated by the Insurance and Pensions Commission (Ipec) and offer advice to prospective policy
Unclaimed insurance benefits reach $30 mln; Ipec plans to publish names of policy holders yet to claim their benefits
Own Correspondent
MUTARE, The value of unclaimed pension benefits has risen to $30 mln with about 48 000 pensionable claims on the books of insurance companies lying unclaimed.
The Insurance and Pensions Commission (IPEC) together with industry players are carrying out awareness campaigns
ZAFA proposes that funeral policy premiums be tax deductible or qualify for a tax credit
Own correspondent
Zimbabwe Association of Funeral Assurers (ZAFA) says it proposing that funeral policy premiums be tax deductible or qualify for a tax credit in the hands of the individual tax payer in the same way that medical aid contributions are treated.
The proposition is being done through the Ministry of
Pension’s regulator proposes maximum limit on expense ratios…Opens up industry to competition
By Insurance24
HARARE, The Insurance and Pensions Commission is proposing setting maximum expense ratios, which the industry should comply with, in bid to cap costs of running pension funds.
The expense caps are being proposed at maximum of 5% expense to contribution ratio, Maximum of 1% expense
Funeral Assurers seek to unite and advance sector interests at 4th conference
Dorcas Chigodho
Staff Reporter
HARARE, AT least 200 delegates are expected at the 4th conference of the Zimbabwe Association of Funeral Assurers (Zafa) to be held in Bulawayo next week as it seeks to unite and advance the interests of the funeral sector in Zimbabwe and abroad.
To date the association says it has received confirmations
IPEC proposes three tier pension system
Owen Kurewa
HARARE, In view of challenges facing Zimbabwe’s pension industry, the Insurance and Pensions Commission has taken an initiative to propose holistic reforms for the country’s pension sector in order to come up with an efficient pension system.
Three Tier Pension System
The regulator is proposing that Zimbabwe adopts an integrated three tier
Technological revolution threat/opportunity to traditional insurance industry. But Ipec ready to provide enabling environment
W Mapfumo
Insurance24
HARARE, The Insurance and Pensions Commission (Ipec) says is ready to engage with the industry in providing an enabling regulatory framework that facilitates ease of doing business through digital transformation of the insurance industry.
Speaking at a Breakfast
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