The Zimbabwe Insurance and Pensions Commission has cancelled the registration of Orchid Funeral Assurance Private Limited as a funeral assurance company after finding that it breached the terms and conditions of its registration and did not remedy the issues despite the Commission’s engagements with it. The breaches cited were failure to maintain minimum capital requirements, non-submission of quarterly returns and audited financial statements, and the absence of both a Principal Officer and a functioning board. The Commission instructed policyholders of Orchid Funeral Assurance to submit their full name, identity documents, cell number, policy number and a copy of the policy document by 30 June 2026.
Zimbabwe Insurance and Pensions Commission2026-06-01
Zimbabwe Insurance and Pensions Commission cancels Orchid Funeral Assurance registration over capital reporting and governance failures
The Zimbabwe Insurance and Pensions Commission has cancelled the registration of Orchid Funeral Assurance Private Limited for breaching its licensing terms and failing to remedy the issues. The firm did not maintain minimum capital, failed to submit required returns and audited financial statements, and operated without a Principal Officer and functioning board.