The Insurance and Pensions Commission (IPEC) has noted that there are some entities that are illegally conducting insurance business as Legal Aid Societies without being registered with the Commission in terms of section 9 or section 13 of the Insurance Act [Chapter 24:07], as the case maybe. Operating…

28 Sep

By Patience Murava  - September 27, 2018 THEY are known as ‘magweja’ or ‘makorokoza’. The term ‘gweja’ is applied in the use of hard labour in extracting something, usually water from a borehole pump. One has to pump and sweat until water starts trickling out of the borehole.…

28 Sep

By Patience Murava  - September 13, 2018 PROPERTY worth more than US$500 000 was reduced to ashes after a fire engulfed Bulawayo’s biggest flea market, Unity Village, last week. Traders were left counting their losses, with no source of survival. The flea market, which is located at the…

28 Sep

By Patience Murava   September 6, 2018 WHILE women’s financial inclusion and gender considerations are emerging priorities for financial services supervisors, a gender perspective has been mostly absent from insurance regulation and supervision in developing and emerging economies. Insurance needs of women are different from those of men. Women are…

26 Jul

Business Reporter -April 25, 2018 Zimbabwe will soon set up a unit  specifically to prevent and investigate cases of insurance fraud which  is on the rise in the country, an official has said. Insurance fraud refers to cases in which individuals lie to an  insurance company to get financial…

26 Jul

By Business Reporter -April 24, 2018 HARARE – Zimbabweans need to embrace insurance for commercial products to cushion themselves against losses arising from theft and robberies. This insurance covers the loss of money on the premises and in transit. Old Mutual Insurance Company’s Immaculate Musonza said this also covers…

26 Jul

By Patience Murava-April 19, 2018 LIFE for farmers is often marred by constraints limiting their economic potential. The majority of agricultural assets are exposed to vagaries of the weather. The impact is expected to double as effects of climate change become more severe. Climate hazards such as hailstorms, strong…