Home News

News

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 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...

Ipec de-registers two insurance firms, broker

TWO insurance firms and a broker have been de-registered, the former for failing to meet the minimum capital requirement, and the latter for “unethical business practice”.The insurance fi‬rms -New Reinsurance Company of Harare (Pvt)...

‘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...

Nicoz completes first phase houses

HARARE ­ Short­term insurer Nicoz Diamond (Nicoz) says it has completed the first phase of its Hatfield Diamond Villas cluster houses with the units now on the market for rental purposes. Nicoz managing director Grace...

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...

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...
Bitnami