Staff Writer

HARARE: The regulation of Medical Aid Societies in Zimbabwe is sadly inadequate, according to Itai Rusike, Executive Director of the Community Working Group on Health (CWGH).

In a statement, he said the Ministry of Health and Child Care (MOHCC) lacks the capacity to effectively regulate these societies, and the proposed new bill aimed at creating a Regulatory Authority should strive to

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By Kuda Mundowozi

In recent years, governments across the globe, including Zimbabwe, have increasingly granted prescribed asset status to infrastructure and renewable energy projects such as solar farms. This move is intended to attract pension fund investments by offering these projects as viable, long-term alternatives for portfolio diversification. The logic behind this strategy is twofold: to

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Staff Writer

Cancer remains one of the most pressing public health challenges in Zimbabwe, with cervical and breast cancers leading the burden among women.

According to the World Health Organization (WHO), cervical cancer is the second most common cancer affecting Zimbabwean women, with an estimated 1,000 new cases diagnosed annually.

Breast cancer continues to be a major contributor to cancer-related

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Pension Funds Eye Infrastructure and Solar Projects as Prescribed Assets
…but are they truly safe Insu24_Newsletter May Issue

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Staff Writer

Insurance and pensions industry regulator, IPEC says the life assurance industry is moving long term products to pre-dominantly annually renewable products which is inconsistent with the spirit and intention of the Funeral Directive.

According to the Q4 2024, life assurance report, the direct life insurers reported insurance revenue of ZiG3.15 billion, equivalent to US$175 million, during

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Staff Writer HARARE, The pensions industry closed 2024 with 967 registered occupational pension funds compared to 965 funds in the prior year. Of the 967 funds, 489 were active, accounting for 50.6% of the industry’s funds. The remaining 478 funds were inactive as they were either paid up or earmarked for dissolution. Of the total funds, 34 pension funds were defined benefit schemes, 3 were hybrids and 930 were defined contribution schemes. As at the date of reporting, the industry had 953 funds which outsourced fund administration services. This comprised 799 insured funds and 154 self-administered funds. The other 14 are standalone funds, which are self-managed. As at 31 December 2024, there were 14 registered fund administrators. Of these, five are independent, while the remaining nine are registered life assurance companies engaged in fund administration. source IPEC Q4 2024 pensions report Fund Registrations

A total of 5 pension funds were registered during the year ended 31 December 2024 namely Bubi RDC, Contact Family Counselling Centre Provident Fund, Donhodzo Micro-Pension Fund, Medical and Allied Industry and Africa University Provident Fund.

Chipper, under Zimnat, was erroneously reported in the prior quarter as registered, yet unregistered.

Pension scheme sponsors and administrators should ensure

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Staff Writer

HARARE, The Insurance Council of Zimbabwe (ICZ), an association of short-term insurers, says the industry is exploring new business lines through inclusive insurance and targeting the informal sector.

Currently, motor and fire insurance continue to dominate short-term insurance industry revenue in both local currency and US dollar terms.

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Staff Writer

HARARE: Attending antenatal clinics or classes is important for the well-being of pregnant women and their babies as it equips them with knowledge, exposes them to screening and treatment for any health issues, Cimas Health Group’s doctor Martin Chirara has noted.

Dr Chirara was commenting in light of the theme for the recently commemorated World Health Day, “Healthy Beginnings, Hopeful

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Staff Writer

HARARE, The Passengers Association of Zimbabwe national coordinator Mr Tafadzwa Goliath has said the introduction of a toll-free line is a welcome development, offering vital support to those in need, particularly when navigating claims or services.

This follows the launch by the

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