Zimbabwe's short-term insurance sector is losing millions of dollars annually as currency mismatches between ZiG-denominated claim settlements and US dollar-priced vehicle repairs continue to undermi...
By Staff reporter | Published: 16 June 2026
The Chartered Governance and Accountancy Institute in Zimbabwe (CGAIZ) has called for the establishment of a clear and standardised framework for insurance claim settlements under the Zimbabwe Gold (...
By Staff reporter | Published: 15 June 2026
The Chartered Governance and Accountancy Institute in Zimbabwe (CGI Zimbabwe) has called for a clear and standardised currency and valuation framework to guide insurance claim settlements under the Z...
By Staff reporter | Published: 27 May 2026
Zimbabwe's insurance and pensions sector has taken a major step toward digital transformation following the launch of the Insurance and Pensions Commission (IPEC) Regulatory Sandbox, a platform desig...
By Staff reporter | Published: 24 May 2026
A 40-year-old nurse from Mutare has appeared in court on allegations of defrauding Zimnat Life Assurance of US$15,000 by making false insurance claims using the identities of deceased persons.The acc...
By Staff reporter | Published: 11 November 2025
Short-term insurers in Zimbabwe reported foreign currency-denominated insurance revenue amounting to US$114.55 million for the half year ended June 30, 2025 - a 29% increase from the previous year - ...
By Staff reporter | Published: 13 October 2025
Health and Child Care Deputy Minister Sleiman Kwidini has urged that medical insurance be strictly separated from the provision of clinical and pharmaceutical services, warning that combining the two ...
By Staff reporter | Published: 06 September 2025
In Zimbabwe, funeral assurance is more than an insurance product-it is a cultural practice, an economic safeguard, and a psychological comfort all rolled into one. While traditional life insurance pr...
By Staff reporter | Published: 16 August 2025
The Insurance and Pensions Commission (Ipec) has ordered all life insurance products to be withdrawn from the market, directing insurers to re-register their offerings only after demonstrating thoroug...
By Staff reporter | Published: 06 July 2025
The Zimbabwean government has gazetted new minimum capital requirements in United States Dollars for players in the insurance sector, a move aimed at strengthening the financial soundness and operatio...
By Staff reporter | Published: 24 June 2025
The Government of Zimbabwe has signed a Memorandum of Understanding (MoU) with the Insurance Council of Zimbabwe (ICZ) to enhance insurance protection for public service vehicle passengers and impleme...
By Staff reporter | Published: 17 May 2025
SHORT-TERM insurance complaints rose 40% in 2024 to 126, driven by unsatisfactory services and delays in settlement claims, a new report by the industry's regulator shows.In the Insurance and Pension ...
By Staff reporter | Published: 14 April 2025
The Insurance and Pensions Commission (IPEC) made a statement on the forward going policy for foreign currency dominated insurance policies. The development comes in the midst of a growing confi...
By Staff reporter | Published: 02 October 2019
Global Credit Rating (GCR) has revised Zimnat General Insurance's national scale financial strength rating to A+(zw) Stable Outlook, from its previous rating of A-(zw).The financial strength rating (f...
By Staff reporter | Published: 27 September 2019
Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...
By Staff reporter | Published: 27 June 2019
The government says it will raise tollgate fees within weeks.Transport Minister Joel Matiza says the increase in tollgate fees, currently RTGS$2 for small vehicles, RTGS$3 for minibuses, RTGS$4 for bu...
By ZimLive | Published: 29 April 2019
Businesses in the insurance industry that fail or delay paying out claims of admitted liabilities under any policies risk having their operating licences cancelled as stipulated at law, according to t...
By Staff reporter | Published: 26 April 2019
FINANCE Minister Mthuli Ncube says government has reviewed upwards the minimum prescribed asset thresholds for the insurance and pension industry which were introduced in 2010 in order to improve reso...
By Zim Ind | Published: 30 November 2018
ZIMBABWE Stock Exchange-listed First Mutual Holdings Limited (FMHL) will establish a reinsurance holding company in Botswana as it moves to restructure its business and maximise on initiatives to rais...
By Staff reporter | Published: 14 September 2018
THE Insurance and Pensions Commission (Ipec) says Zimbabwe's insurance penetration rate is much higher than the figures reported by PricewaterhouseCoopers (PwC), which ranked the industry fifth in Afr...
By Staff reporter | Published: 09 September 2018
Standards Association for Zimbabwe (SAZ)'s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers.Speaking a...
By Staff reporter | Published: 24 July 2018
Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...
By Staff reporter | Published: 05 July 2018
ASSETS in the life insurance industry have grown by 68 percent to $2, 52 billion in the past four years to 2017 on the back of a bull run experienced last year.Figures from the Insurance and Pension C...
By Staff reporter | Published: 27 June 2018
The Insurance and Pensions Commission (IPEC) is targeting insurance penetration to reach 7 percent by 2022 compared to the current 4,7 percent on the back of an anticipated economic growth. Zimbabwe r...
By Staff reporter | Published: 25 June 2018
The Insurance and Pensions Commission (Ipec) has granted Econet's request to register an insurance firm, Econet Insurance Limited, fulfilling the company's long-standing ambition of becoming an integr...
By Staff reporter | Published: 22 June 2018
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Young Investment Professional (YIP) Graduate Programme 2019
