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…
By Patience Murava -April 5, 2018 THE last time Thelma Chidawu (41) had health insurance was three years ago, which was not much of a problem until she began having stomach ache. ”I got so ill earlier this year and went in and talked to a doctor about…
Darlington Musarurwa Deputy News Editor The Insurance and Pensions Commission (IPEC) has, with immediate effect, suspended six executives of the Unified Councils Pension Fund (UCPF), which pools resources from all the country’s rural district council workers and some urban authorities, and nullified the appointment of its board of…
Golden Sibanda Senior Business Reporter SOME insurance firms have not been subjecting directors to fit and probity tests as required by law, exposing clients and the multi-billion dollar industry to risk posed by executives or senior managers with questionable capacity or integrity, it has been learnt. Insurance companies…
THE Insurance and Pensions Commission (Ipec) is revamping corporate governance practices in the industry to ensure proper claims settlement and benefit payments, key ingredients in building confidence in the sector. BY MTHANDAZO NYONI Ipec commissioner of insurance, pension and provident funds, Tendai Karonga, told NewsDay that they were…
Livingstone Marufu Business Reporter The Insurance and Pensions Commission (Ipec), has ordered its members to dismiss all trustees who fail to get a Certificate of Proficiency (COP) in trusteeship. This comes as the Commission moves to ensure that the interests of fund members are protected and that pension funds are…
The Insurance and Pensions Commission (Ipec) has licensed two entities to provide microinsurance products as it steps up efforts to tap into the previously untapped market. By NDAMU SANDU Ipec has also urged local insurance players to offer microinsurance products. The thrust towards microinsurance comes after the National…
Business Reporter THE Insurance and Pensions Commission has issued a directive on governance and risk management for insurers, which outlines minimum expectations and requirements for shareholders, board and management control functions.The directive, which is also meant to ensure that underwriters are managed in a sound and prudent manner…