Regulatory reporting protects policyholders and fund member interests: IPEC Commissioner.
HARARE- The Insurance and Pension Commission (Ipec) says regulatory reporting by the insurance and pensions industry ensures policyholders and fund member interests are protected thus boosting confidence sector.
IPEC Commissioner Tendai Karonga told stakeholders at the IPEC-ICAZ Seminar that regulatory reporting
Treasury targets Pension Funds and Insurance Companies in $50mln Irrigation Bond
HARARE, Government will float a $50 million Irrigation Infrastructure Bond aimed at raising funds to support irrigation development and infrastructure under the Command Agriculture programme.
According to a term sheet seen by Insurance24, the Treasury bond has a coupon rate of 6% and 3-year maturity tenure.
The main targeted
Harare – Agribank says income contribution from its Agri-Insure cluster for the 5 five months to May 2017 was 3% to total income thus the Bank is expanding initiatives to grow the commission income.
The Bank act as an agent for Alliance Insurance and offers products that range from vehicle cover ,households, personal assets, immovable property, crop insurance and accident cover among others.
Agribank
HARARE – Total contributions for self-administered pension funds surged 8 percent to $536.8 mln in FY2016, compared to $496.7 mln realised in the prior year. Data released in the 2016 Fourth Quarter Report of the Insurance and Pension Commission (IPEC) show that arrear contributions have also increased from $311.2 mln in 2015 to $350.7 mln last year.
Arrear contributions for fund administrators