Deposit Insurance Payments reaches $3.2 mln as at December 2017: MPS
By Insurance24
HARARE, Deposit Insurance Payments for failed contributory banks stood at $3.2 mln as at December 2017, which represents 50% of the total exposure of $6.4 mln.
According to the Monetary Policy Statement by the Reserve Bank Governor John Mangudya, a total 11,744 out of 54,909 depositors by n umber had been compensated
Insurers shun crypto currencies cover, as Zimbabwean Bitcoin investor risk losing huge
Insurance24
HARARE, Zimbabwean Bitcoin investors who have no insurance cover over the currency risk losing their hard earned cash as over $100 billion was wiped off globally in less than 24 hours last week.
The Reserve Bank of Zimbabwe (RBZ) has warned the public against investing in cryptocurrencies such as Bitcoin,
Domestic Credit Insurance can boost credit sales: ECGC
Insurance24
HARARE, Local manufacturing companies have potential to boost sales locally through the Domestic Credit Insurance offered by the Export Credit Guarantee Corporation (PVT) Ltd, (ECGC) which enables companies to sell on credit.
As a result of increased defaults, several companies adopted cash selling models, restricting credit facilities
Errant insurers reap off unsuspecting tobacco farmers
Insurance24
HARARE, Some Insurance companies are shortchanging tobacco farmers by entering into informal agreements with sales floor workers to sign them up without their consent, Insurance 24 has learnt.
A survey done by insurance 24 shows that over the years a number of tobacco farmers have been paying for insurance services which they did not
Hope for pensioners as inquiry report is tabled before Cabinet
Insurance24
HARARE, Ministry of Finance and Economic Development will soon table before Cabinet a report that was prepared in a bid to compensate pensioners whose pensions were eroded during the conversion from Zim dollar to US dollars.
In 2015 government set up a commission of inquiry to probe the conversion process used to convert pensions
Hope for pensioners and as inquiry report is tabled before Cabinet
Insurance24
HARARE, Ministry of Finance and Economic Development will soon table before Cabinet a report that was prepared in a bid to compensate pensioners whose pensions were eroded during the conversion from Zim dollar to US dollars.
In 2015 government set up a commission of inquiry to probe the conversion process used to convert
IPEC projects insurance penetration ratio at 4% in 2018 riding on new socio-political dispensation
Insurance24 Reporter
HARARE, The Insurance and Pensions Commission (IPEC) is targeting the insurance penetration ratio to at least 4% by end of 2018 from the current 3.6% largely on the back of new socio-political dispensation driven economic growth.
IPEC Commissioner Tendai Karonga told Insurance24 that
IPEC commends Zim-Selector’s journalists insurance reporting mentoring programme
Insurance24
HARARE, The Insurance and Pensions Commission (IPEC) says the insurance sector has for long been ignored an mystified because its a specialised discipline that has not been adequately explained to the public.
At a inaugural graduation ceremony of journalists who undergone the Zimselctor.com insurance reporting
Insurance sector has potential to revive economy: Expert
Insurance24 Reporter
HARARE, An insurance expert has said Zimbabwe’s insurance industry has potential to boost low savings appetite as well as local investments, which will counter over reliance on foreign investments.
Zimselector.com, an insurance training institution founder Luke Ngwerume during the institution’s inaugural Insurance Journalist
NSSA re-consult on National Health Insurance Scheme
Insurance24
HARARE, The National Social Security Authority (NSSA) says will not be able to meet the first quarter 2018 deadline for the implementation of the National Health Insurance Scheme (NHIS) as a result of need to re-consult stakeholders due to changes brought by the new political dispensation.
Late 2017, Zimbabwe witnessed a political transition