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 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 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…
