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 meeting, held on 13 February 2026 in Harare, resolved to establish a multi-stakeholder working group comprising the Insurance and Pensions Commission (IPEC), the Ministry of Finance and the insurance sector to drive the implementation of public asset insurance, according to a post on the IPEC website. Representatives of IPEC, the Ministry of Finance, Economic Development and Investment Promotion and the insurance sector, attended the meeting.
PEC Commissioner, Dr Grace Muradzikwa, said at the meeting that the insurance of public assets is a matter of national interest, as effective insurance coverage helps shield the Treasury from unexpected fiscal shocks when disasters and other insurable events occur.
Dr Muradzikwa added that Zimbabwe has made significant investments in public infrastructure and institutions which, without structured insurance protection, remain exposed to risks that could undermine development gains and exert pressure on public finances.
The meeting underscored the growing recognition that protecting public assets through insurance is a critical element of fiscal sustainability, risk management, and national resilience.