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 safe, vibrant and sustainable insurance and pensions industry by 2025.
To regulate, supervise and develop the insurance and pensions industry for the protection of policyholders and pension scheme members through regulatory excellence.
We are answerable, and responsible for all our actions and decisions.
We develop and apply rules, regulations and procedures equitably among all clients and stakeholders.
We are ethical and honest in our dealings with all our stakeholders.
We are exemplary in the way we do our business. We strive to exceed expectations by upholding the utmost quality standards in carrying out our work