The Insurance and Pensions Commission (IPEC) is a statutory body established in terms of the Insurance and Pensions Commission Act [Chapter 24:21], to regulate the insurance and pensions industry with the objective of developing the industry for the protection of insurance policyholders and pension fund members’ interests.
IPEC regulates short and long term insurance, Private Occupational Pension Schemes and the Individual Pensions Policies.
The Commission commenced its operations in 2005 after it was weaned off the Ministry of Finance and Economic Development.
The Commission is accountable to the Ministry of Finance and Economic Development.
A trusted, inclusive and sustainable insurance and pensions industry by 2030
To regulate, supervise and develop the insurance and pensions business for the protection of policyholders and pension scheme members through regulatory excellence.
We uphold independence and objectivity, taking responsibility for our actions and maintaining transparency in evaluating our performance.
We apply rules, regulations, and procedures equitably, ensuring that all clients and stakeholders are treated with impartiality and justice.
We embody honesty, ethical conduct, and moral uprightness, always maintaining the highest personal and professional standards.
We promote teamwork, partnership, and open communication, recognising that collective effort strengthens our impact and effectiveness.
We strive to surpass expectations by upholding the highest standards of quality, professionalism, and sound decision-making.