Staff Writer
Zimbabwe’s insurance market is projected to reach a market size (gross written premium) of US$2.51 billion in 2025, as the market has been experiencing notable developments and trends in recent years.
Statista, a global data and business intelligence platform, in a report on insurance, said within the market,
Staff Writer
The Public Accountants and Auditors Board (PAAB), the Zimbabwe Stock Exchange (ZSE), and the Victoria Falls Stock Exchange (VFEX) have announced mandatory sustainability reporting for all listed entities.
The mandate is in line with Statutory Instrument 134 of 2019 (Securities and Exchange (Zimbabwe Stock Exchange Listings Requirements) Rules, 2019), as well as ZSE Practice Note
The 2025 insurance outlook for the mining sector is shaped by various factors, including evolving insurance industry regulations, operating models, mining regulations, and emerging risks. Here are some key risks and developments to consider as your entity plans its insurance and risk management approach for 2025:
Key Risks for 2025
There are several risks that Mines face and most have traditional
Staff Writer
Harare, The International Monetary Fund (IMF) has said Zimbabwe’s economic activity has started recovering after the El Niño-induced drought.
Following the request for a Staff-Monitored Program (SMP) by the authorities in 2023, an International Monetary Fund (IMF) staff team led by Mr Wojciech Maliszewski conducted a mission to Harare from January 30 to February 13, 2024, to advance
Staff Writer
HARARE, The Insurance Institute of Zimbabwe (IIZ) says its new curriculum has been designed to balance traditional insurance principles with emerging technologies such as artificial intelligence as it aims to create a comprehensive learning experience that harmonizes the two, Insurance 24 reports.
Over the
Staff Writer
The Insurance Institute of Zimbabwe (IIZ) has launched a new curriculum as it seeks to elevate the standards of education and professional development within the insurance sector.
The new curriculum launched on Friday together with the COP Health program, and the Loss and Risk Management programs marked a critical milestone in the institution’s development, signifying a substantial
Staff writer
Harare, Projects in agriculture, infrastructure, agriculture and energy dominate the list of investments that were granted Prescribed Asset Status in the nine-month period to September 30, 2024.
At law, pension funds and insurance firms are required to invest at least 20% of their investment portfolio in prescribed assets to make the projects attractive, but the sector has been struggling
Staff Writer
The Insurance Pensions Commission (Ipec) says it is reviewing the reporting requirements for pension funds and has come up with revised reporting requirements after the funds failed to comply with IAS 29—Financial Reporting in Hyperinflationary Economies.
In a circular to pension funds, the new guidelines will be effective
Summary
The Insurance and Pensions Commission (IPEC) Amendment Bill, 2024, introduces significant reforms that will reshape Zimbabwe’s insurance, pensions, and medical health sectors. Notably, the Bill expands IPEC’s regulatory powers to include medical aid societies for the first time, ensuring these entities are subject to the same regulatory oversight
By Olayayi Jack
THE Insurance Institute of Zimbabwe (IIZ) recently hosted its highly anticipated Annual Dinner at the Rainbow Towers in Harare, bringing together leaders, professionals, and key stakeholders from across the country’s insurance sector.
The event, held under the theme ‘Fostering a Culture of Innovation’, was a celebration of the industry’s achievements over the past year and