27 Aug

The Insurance and Pensions Commission (IPEC)’s attention has been drawn to a flier, under the banner Lobola Assurance, that is circulating on social media platforms. We wish to advise the public that we have not licensed such an entity nor the purported product. Section 7 (1) of the…

28 Jun

The Insurance and Pensions Commission joins the rest of the World in commemorating International Insurance Awareness Day, which is observed on 28 June, annually. The day was set aside to serve as a reminder to people to review their insurance coverage to ensure that they are adequately protected.…

24 Jun

The Insurance and Pensions Commission (IPEC) has launched a revamped solvency management system for the insurance industry. Dubbed Zimbabwe Integrated Capital and Risk Programme (ZICARP) Framework, the new system aims to, among other objectives, improve consumer protection and assurance to policyholders and beneficiaries. It also provides incentives to…

14 Jun

Funeral assurance is a special branch of insurance where the benefit from the insurance company is used to meet the costs of the funeral upon the death of the insured. The benefit provided by the funeral assurer comes in the form of a funeral service, a cash benefit…