DATA from Chainalysis shows that Sub-Saharan Africa (SSA) is becoming a global hotspot for digital assets, making it the third-fastest-growing crypto region in the world. Digital assets, or cryptocurrencies, are financial technologies that allow secure and legitimate value transfer for payments, remittances, and trade. The continent, which is the smallest crypto economy in the regional…
BY PANASHE BOTA NEW data has shown that financial and insurance services are concentrated in urban areas, with Harare and Bulawayo, Zimbabwe’s capital and second-largest cities, accounting for more than 50% of the total contribution to the national GDP. According to the Zimbabwe National Statistics Agency (Zimstat) data on Financial and Insurance Activities, Harare contributed 33.25% and…
BY NATHAN GUMA NEW data from the Insurance and Pensions Commission (IPEC) shows an increase in insurance brokers’ gross premium written, reflecting stronger business activity compared to the same period last year. Gross Premium Written (GPW) is the total amount of insurance premiums that brokers record during a specific period before any deductions such as reinsurance costs, commissions,…
ZIMBABWE’S life assurance sector has registered robust growth, with the latest figures showing a dramatic 74% surge in insurance revenue during the first half of 2025 compared with the same period in 2024. The development signals a return to strength in the industry’s core business operations, according to the Insurance and Pensions Commission (IPEC). Direct…
BY NATHAN GUMA WHEN climatic shocks such as droughts and unpredictable weather continuously hit the country over the past years, it became difficult for both farmers and insurance companies to determine the amount of damage for accurate payouts. This raised a risk of under- and over-insurance, which would result in farmers being penalized under a…
BY NATHAN GUMA ZIMBABWEAN insurance companies have been urged to adopt blockchain technology in the short-term insurance sector to solve crucial issues such as claims handling, sales, and distribution of premiums and premium payments. This comes at a time when the short-term insurance sector has experienced significant growth amid evolving technology, which has opened opportunities…
BY NATHAN GUMA WHILE domestic violence has traditionally been associated with the physical abuse of intimate partners to maintain power and control, its effects extend far beyond, often splintering into areas that are even more psychologically damaging. They include financial abuse. Financial abuse is a form of abuse in which one person exerts control over their victim’s access to…
BY NATHAN GUMA THE Insurance and Pensions Commission (IPEC) has urged life assurance companies to innovate and develop long-term products that meet consumer needs, while collaborating with the government to boost uptake, as part of its push to create a regulatory environment that supports savings and financial growth. This follows a revenue uptick in the life…
