Home Regulation

Regulation

First Self-Regulatory Organization for Compliance Professionals in Zimbabwe, officially launched

The first self-regulatory body for compliance professionals, the Compliance Society of Zimbabwe (CoSoZ), was officially launched on Wednesday 28 June with a mission to support the growth of the compliance profession in Zimbabwe. BY Tafadzwa...

Ipec launches framework for low income earners

HARARE – The Insurance and Pensions Commission (Ipec) yesterday launched Zimbabwe’s maiden Micro­Insurance Regulatory Framework aimed at facilitating the provision of insurance to low income earners. The regulator’s commissioner, Tendai Karonga, said the framework was useful in...

IPEC drafts law to deal with pension funds trustees

BY Martin Kadzere THE Insurance and Pension Commission has completed draft regulations that empower it to deal with errant trustees of pension funds, an official said. Commissioner Tendai Karonga said IPEC had observed several poor corporate...

Insurance companies struggling to meet minimum capital requirements

Call for government to review new capital requirements Call for IPEC to extend the deadline The government recently reviewed the minimum capital requirements for short-term insurers and funeral assurers from US$1,5 million to US$2,5...

IPEC directive to enhance corporate governance

THE Insurance and Pensions Commission has issued a directive on governance and risk management for insurers, which outlines minimum expectations and requirements for shareholders, board and management control functions. The directive, which is also meant to ensure...

Insurance firms struggle to meet requirements

HARARE ­ Credit Insurance Zimbabwe (Credsure) and Sanctuary Insurance Company (Sanctuary), have failed to meet the $1,5 million minimum threshold during the first half of this year due to deteriorating economic conditions, an Insurance and Pensions...

Zimbabwe: IIZ Annual Winter School On Next Week

This year's winter school will be headlined by the IIZ president and Ruvimbo Funeral Assurance CEO Dr Edward Gomba. Other speakers are First Mutual Holdings group marketing and strategy executive Ms Farayi Mangwende who will...

Most Zimbabweans not insured

HARARE - Zimbabwean insurance companies have been urged to come up with new products aimed at capturing at least 9,1 million people who are not insured. Finance ministry director Judith Rusike said insurance sector firms...

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...
Bitnami