Pensions compensation set for March 2024 delayed further
Staff Writer
The Insurance and Pensions Commission (Ipec) says actual payments under the pre-2009 compensation schemes, which were initially scheduled to commence in March 2024, will not be possible as the assessed compensation schemes are not compliant.
Ipec, in a notice to the public, said it received and assessed 1,249 complete submissions
TIMB partners with AFC Insurance to improve the accessibility of insurance services
Staff Writer
The Tobacco Industries and Marketing Board (TIMB) says it has partnered with AFC Insurance to improve access to insurance services for small-scale tobacco farmers, Insurance 24 reports.
Insurance and pensions industry should retrace its footsteps
Staff writer
Nyanga: The insurance and pensions industry needs to go back in time and create value for the economy and policyholders, an expert has said.
This comes at a time when the financial services sector, despite efforts, is battling confidence issues as people are still recovering from the 2009 hyperinflationary losses and the 2019
Actuaries secretariat to advance brand visibility
Staff Writer
The Actuarial Society of Zimbabwe (ASZ) has established a secretariat as the profession continues to expand and make its brand more visible in solving developing problems.
ASZ President-elect Tafadzwa Prosper Matiashe said at the launch last week that the ASZ brand will be more visible and take part in solving emerging problems.
“Our organisation
Pension Funds called to regularise Boards of Funds
Staff Writer
The Insurance and Pension Commission (Ipec) has called on pension funds to regularise, by fully and properly constituting their board of funds, in terms of the requirements in terms of Section 22 of the Pensions and Provident Funds Act (Chapter 24: 32).
With the coming into effect of the ACT, all funds were required to comply with the
Prove your worthy to breach the gender gap- Chinyuku
Moonlight director Masunda has died
Staff writer
Moonlight Group Assurance Director, Tichanzwana Masunda, has died.
While details around his death are still not clear, Moonlight announced his death.
“We are deeply saddened by the untimely death of Moonlight Assurance Director, Mr. T. Masunda. We extend our utmost condolences to the family, friends, and co-workers. May his soul rest in peace,” read
Risk anti-selection: A potential threat to reinsurance
FOR years, the insurance industry has faced various headwinds, most of them linked to economic performance given that the two are intertwined.
However, some of the challenges have been sector-specific, for example, the externalization of risk, which has turned out to be a continental challenge.As an establishment meant to minimize the adverse
Insurance companies directed to make timely claims settlements
Staff Writer
The Insurance and Pensions Commission (Ipec) has directed all insurance companies to timely settle claims after an increasing number of policyholders sought the Commissioners intervention due to protracted claims settlement.
Ipec, in a circular, said the situation necessitates urgent attention and action from all insurers.
“In
IPEC flags insufficient disclosures in 2009 compensation actuarial reports
Staff Writer
The Insurance and Pensions Commission (Ipec) says it has noted inadequate disclosures in actuarial reports submitted as part of the 2009 compensation schemes.
Ipec, in a circular seen by Inusrance24, said the inadequate disclosures are inhibiting the Commission from making an informed decision on the compensation