Dr Grace Muradzikwa, head of the the Insurance and Pensions Commission (IPEC), has outlined a regulatory agenda centred on innovation, data-driven supervision and the deliberate extension of insurance and pensions products to underserved segments of society.
Financial services group ZimRe Holdings is accelerating its regional expansion strategy, targeting broader African markets on the back of stronger cash flows and a firmer balance sheet.
The Insurance and Pensions Commission (IPEC) has introduced a framework to regulate fees charged by pension funds, in a move aimed at protecting members from excessive costs and ensuring better value.
Stakeholders have agreed at an insurance industry meeting that a coordinated national approach to insuring public assets would enhance fiscal resilience, protect national investments, and contribute to sustainable economic development.
The Insurance and Pensions Commission (IPEC) has voiced its concerns over a notable trend in Zimbabwe's life insurance industry, which is shifting from traditional long-term products towards predominantly renewable annual policies.
The government is undertaking public consultations on a proposed Road Accident Fund (RAF) Bill. The objective is to provide timely medical care to accident victims, cover funeral expenses and offer compensation to the injured and families of the deceased.
The Insurance & Pensions Commission of Zimbabwe has called for the intensification of ongoing efforts to coordinate and harmonise insurance supervision frameworks in the African continent. Commissioner Dr Grace Muradzikwa said this is all the more important as the continent moves toward deeper economic integration under the African Continental Free Trade Area.
The Insurance and Pensions Commission (IPEC) says that the sector has invested millions of dollars in agriculture, energy and infrastructure development in line with prescribed asset regulatory requirements.
The ZimRe Holdings Group (ZHL Group) achieved a profit after tax of $9.33m in the first six months of this year, a 37% increase from $6.82m in the corresponding half in 2024, according to the group's unaudited interim consolidated financial statements.
Regional expansion will be a priority for diversified financial services group ZimRe Holdings, according to its chairman, Mr Desmond Matete, who was speaking at the presentation of the group's financial performance for the year ended 31 December 2024. The expansion plan leverages the African Continental Free Trade Area (AfCFTA).