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
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
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
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
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
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
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,
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
Air Zimbabwe seeks provision of insurance cover for assets
Electronic insurance cover reduces fraud next to Zero: Zinara
Harare – The Zimbabwe National Road Administration (Zinara) says it has managed to reduce insurance fraud next to Zero since introduction of electronic insurance cover on which firms are linked to Zinara and the Central Vehicle Registry.
The electronic insurance cover enables firms to link to Zinara and the Central Vehicle Registry