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Zim insurance services ‘elitist’, need re- modelling

Leonard Ncube and Hazel Hweta: INSURANCE companies should repackage their products to make them affordable to low income earners who constitute the bulk of the population and cannot afford expensive policies currently on the...

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...

Tepid economy hits pensions: Report

ZIMBABWE’S tepid economy has seen most companies delaying pension remittances resulting in arrears amounting to 73% of total contributions in the full-year to December 2015, an insurance sector report says. By Bernard Mpofu The country’s insurance...

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...

‘IIZ golf day a success’

A LARGE field of 120 golfers took time off from office, as they converged at Chapman Golf Club on Friday for the annual Insurance Institute of Zimbabwe (IIZ) annual corporate golf day. IIZ president Edward...

IPEC fights insurance fraud

Golden Sibanda: THE Insurance and Pension Commission is working with the insurance firms to put tamper proof features on cover notes to deter fraud. This comes as a significant number of people have lost money and...

Nicoz seeks new investor

HARARE: ­ Zimbabwe's largest short­term insurance firm, NicozDiamond (Nicoz), is seeking a new investor following the collapse of recent capital­raising initiatives. Nicoz company secretary Gloria Zaravanhu yesterday said discussions on the transaction contemplated by the...

ZB opens Mozambican unit

Livingstone Marufu ZB Reinsurance, a wholly-owned subsidiary of ZB Financial Holdings, has been given the green light to roll out services in Mozambique by the Insurance Institute of Mozambique (ISSM) and has started underwriting its...

Cimas to lose operating licence

Livingstone Marufu GOVERNMENT has given Cimas Medical Aid Society a seven-day ultimatum to honour all outstanding claims or lose its licence. Cimas has more than 30 000 members, and has allegedly been trying to direct them...
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