PSMAS introduces flexible plan targeted at informal sector
Insurance24 Reporter
HARARE, Premier Service Medical Aid Society (PSMAS) has unveiled a low cost, high benefit product called Shield Plan with subscriptions of $10 per month, per member, everyone can afford quality healthcare.
The product best suits the informal sector which now is the biggest employer in the country and the plan is
IPEC approves $800 million Prescribed Asset applications in last six years
Insurance24 Reporter
Harare-The Insurance and Pensions Commission (IPEC) says it has approved Prescribed Asset applications worth about $800 million covering various sectors of the economy during the past six year period and these range from housing, energy, food security and other infrastructure development projects.
Commissioner
Central Bank sets up $5 Fund to facilitate repatriation of dividends for foreign investors
Insurance24 reporter
HARARE, The Reserve Bank of Zimbabwe (RBZ) says it will establish a $5 mln Portfolio Investment Fund that will facilitate repatriation of dividends as well as sales by foreign investors.
Presenting the Monetary Policy Statement, Governor Dr John Mangudya said the Central Bank has noticed
Prescribed asset ratio deficit worries regulator, as IPEC seeks compliance
Insurance24 Reporter
Bulawayo, The insurance and pensions industry regulator, IPEC has challenged the Funeral Assurance Industry to develop a plan on how the industry intends to deal with the deficit on the prescribed asset ratio which is slightly above 1 percent way below the required 7.5 percent.
According to Commissioner
SECZIM launches capital market investor education campaign
HARARE, The capital market regulator, the Securities Exchange Commission of Zimbabwe (SecZim) has launched a capital market investor education campaign seeks among other things to help the average Zimbabwean to understand how to harness the stock market to build personal wealth.
The campaign running under the theme, ‘What’s Your Hustle’
African Trade Insurance (ATI) membership changing Zimbabwe’s risk profile: BIMHA
Insurance24 Reporter
Harare, Industry Minister Mike Bimha says Zimbabwe’s membership to the continental insurance agency; African Trade Insurance (ATI) is slowly changing the country’s investment and trade risk profile.
The ATI is Africa’s export credit agency which provides political risk and trade credit
About 70% of ZSE stocks funded by insurance companies and pension funds: IPEC
Insurance24 Reporter
HARARE, The Insurance and Pension Commission (IPEC) says almost 70% of Zimbabwe Stock Exchange (ZSE) stocks is funded by insurance companies and pension funds as institutional investors and these are probably the strongest local investors.
Commissioner of Insurance, Pension and Provident Funds Tendai
Insurance and pension industry asset base at $4.4 billion as at March 2017: Chinamasa
Insurance24 reporter
Harare-The asset base for the insurance and pension industry totaled $4.4 billion as at 31 March 2017 with pension funds accounting for $2.28 bln of the total.
According to Finance Minister Patrick Chinamasa’s Annual Budget Review presented this afternoon, Non-life insurers asset base amounts
Zimbabwe’s life insurance market projected double digit growth in next five years
Insurance24 reporter
HARARE, Growth of the Zimbabwean life insurance market is expected in double-digit figures over the next five years from 2017 with low inflation supporting real term increases although this will be from a low base and is vulnerable to economic shocks.
According to a summary Zimbabwe Insurance Report
IPEC to share industry developments and reforms at 2017 Shareholder/Investor Forum
Insurance24 Reporter
HARARE, The Insitutute for Sustanability Africa (INSAF) says the dream of receiving meaningful dividends of lost pensions remain bleak with share certificates turning monumental.
The Institute which will hold its Annual 2017 Shareholders and Investors Forum in Zimbabwe next week says many