Regulation

Regulation

Companies News Regulation Reinsurance Reinsurance & Capital Markets Reinsurance Markets Reinsurance Outlook

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) Ltd and Global Insurance ...
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Commercial Lines Companies Loss Control Markets News Regulation

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 assets believing ...
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Agents & Brokers Commercial Lines Companies Home Loss Control News Regulation

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 business. It ...
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Claims Companies Health Markets News Personal Lines Regulation

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 to use ...
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Claims Commercial Lines Home Life Insurance Markets News Regulation

Enacy Mapakame and Livingstone Marufu A FORENSIC audit of Fidelity Life Assurance’s financial statements that started in April has been extended to August amid indications the auditors — KPMG Accountants — are keen to investigate suspended MD Mr ...
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Accident Agents & Brokers Auto Claims Commercial Lines Health Home Life Insurance Motor News Personal Lines Regulation

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 because the contract hardly ...
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Agents & Brokers Claims Commercial Lines Life Insurance News Personal Lines Regulation

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 Chapereka, the managing ...
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‘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, medical aid card holders ...
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Accident Agents & Brokers Auto Companies Motor News Regulation

Livingstone Marufu THIRD party insurance premiums for motor vehicles have been hiked by 20 percent to $36 per term from $30 last year for light vehicles, while premiums paid by commuter omnibuses have been revised to $88 from ...
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LEGAL MATTERS: Motor vehicle insurance and the law

Tichawana Nyahuma and Enard Chiguvu The Sunday Mail The main principle underlying property or indemnity insurance is to put the insured into the position he would have been had the insured thing not been damaged or lost. At ...
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