IPEC Commissioner officially opens second insurance mentoring programme for Journalists

IPEC Commissioner officially opens second insurance mentoring programme for Journalists

By Insurance24

HARARE, Insurance and Pensions Commissioner (IPEC) Tendai Karonga has officially opened the second insurance mentoring programme for journalists being hosted by the ZimSelector in partnership with the regulator.

A total 20 journalists will for the next 12 months go through the mentorship programme which is expected to capacitate them on insurance reporting as well de-mystify the insurance sector in their reporting.

In his presentation, Comm Karonga said insurance and pensions is important issues in the economic matrix of Zimbabwe, thus capacitating journalists will promote informed reporting.

“Over 40 applications were received and I am pleased at the strong enthusiasm and desire to transform insurance reporting issues in Zimbabwe. As regulator, we found it prudent to support journalists in insurance reporting,” he said.


Comm Karonga said with the media disseminating informed insurance information, the public is also able to make informed decisions on insurance and pensions.

“Lack of awareness on insurance downplays its importance in our economic life. As journalists do not hastate to criticize the Commissioner but on an informed position,” he said.

He also urged insurance companies to timely settle insurance claims and dues to instill confidence and wipe out some perceptions about insurance.

According to the 2014 FinScope Consumer Survey only 30% of the Zimbabwean population was insured showing low uptake of insurance products.

Zimselector chief executive officer Luke Ngwerume said insurance plays a key role in investments in the country and has over the years invested significantly towards infrastructure.

He said it is important for a country to develop through the ability to mobilize savings and that evolves around insurance and pensions.

More details to follow