Regulation

Regulation

Regulation Workers Compensation

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 governance practices, ...
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News Regulation

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 million and for life ...
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News Regulation

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 that underwriters are managed ...
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Markets News Regulation

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 Commission (Ipec) ...
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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 speak on the ...
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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 must play a ...
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Agents & Brokers Companies Life Insurance News Regulation Workers Compensation

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 of fund’s ...
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Agents & Brokers Commercial Lines Companies News Regulation

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 effective and efficient insurance ...
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Agents & Brokers Life Insurance Markets Regulation Reinsurance

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 Republic Police and ...
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Agents & Brokers Commercial Lines Companies Home Life Insurance Markets News Regulation

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 of Finance and ...
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