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
Zimbabwe’s insurance sector to grow on positive sentiment by new Government, Research.
Premiums projected a 4.8% year on year growth in next 5 years.
Insrance24 Reporter
HARARE, Zimbabwe’s insurance markets will depend heavily on the post-Mugabe regime making good on promises to open up the economy, re-engage meaningfully with creditors and crackdown on corruption but premium growth is expected
AfrAsia Bank Zimbabwe Limited in liquidation pays $2.95 mln to insured preferred creditors
Insurance24
HARARE, Defunct AfrAsia Bank Zimbabwe Limited has to date paid its preferred creditors $2.95 mln through two interim dividend payments and anticipate a third dividend payment during Q1 2018.
The Reserve Bank of Zimbabwe cancelled AfrAsia Bank Zimbabwe Limited (formerly Kingdom Bank)’s licence in
2018 Budget roundup: Chinamasa underscores political will for new economic order
Key highlights
HARARE- The 2018 national budget presented by Finance and Economic Planning Minister Patrick Chinamasa Thursday afternoon has underscored the importance of political will to ensure that the country’s economy moves
Deposit Protection corporation invites insurance companies for the provision on services
Insurance24
Deposit Protection Corporation (DPC) invites bound and sealed bids from reputable and well established insurance companies (no brokers) for the provision of insurance services.
Sadc insurance laws to be harmonized as Zim eyes hosting the CISNA regional office
Insurance24
HARARE, The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) is looking at harmonizing laws governing insurance and capital markets across the Sadc region.
CISNA chairman Tafadzwa Chinamo told a press conference that this was in line with the Sadc’s principles for trade integration,
Non-life insurance companies record a 9.25% surge gross premium written during Q2 2017
Insurance24
Harare- The Insurance and Pension Commission says it is concerned with total assets of 31.46% for short term life insurers which is being concentrated on premium debtors and fixed assets.
In its half year report for Short Term (Non-Life) Insures Ipec said it is important for insurers to structure their