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IPEC revises pension funds investment limits

Martin Kadzere: THE Insurance and Pensions Commissions (IPEC) has revised investments thresholds that pension funds and life companies can invest in public­listed companies and financial institutions. According to the new guidelines, not more than 15 percent...

Zim to formalise micro­insurance firms

ZIMBABWE is working on a framework to regulate and formalise operations of micro­insurance firms targeting low income earners, the Insurance and Pensions Commission said. Micro­insurance has been identified as a critical instrument for delivering...

IPEC engages Govt over pension remittance

A number of companies are not remitting deductions meant for pension fund contributions, putting into jeopardy workers retirement benefits. This has raised fears some of the funds could be directed to areas which they...

IPEC launches blitz on unregistered insurance agents

THE Insurance and Pensions Commission has launched a blitz on unregistered insurance agents and fake insurance cover notes, a senior IPEC official said. The operation is being conducted by IPEC in conjunction with the Zimbabwe...

IPEC fines non-compliant companies

Harare Bureau: THE Commissioner of Insurance and Pensions has started penalising pension funds and insurance companies that failed to comply with prescribed asset ratio requirements as at December 31, 2015. In July 2014, the Ministry...

El Nino eats into $6m agric insurance

Enacy Mapakame: THE prevailing weather conditions that are being induced by the El Nino will likely eat into the earnings of local crop insurers. Local crop insurance business generate an average of $6 million from the...

Legal Matters: Insurance companies are not the devil

Insurance as a business is largely divided into two broad categories: short-term and long-term. The first is technically called indemnity or property insurance, while the second is non-indemnity or life insurance. Short-term is so-called...

Fidelity Life Assurance on a roll

Livingstone Marufu Business Reporter FIDELITY Life Assurance, buoyed by the runaway success of its housing projects in Harare South, is now angling to increase its land bank for business and office stands as management feels this...

Stinging charge sheet for Fidelity bosses

Darlington Musarurwa and Africa Moyo STINGING allegations of breaches of exchange control regulations, fraud and financial impropriety have become the core of a possible charge sheet against Fidelity Life Assurance (FLA) directors – Mr Simon...

‘Dr Parirenyatwa sleeping on duty’

Following the tiff between doctors and medical aid societies, the Zimbabwe Medical Association has laid the blame on Health and Child Care Minister, Dr David Parirenyatwa. Zima had threatened that with effect from July 1,...
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