The Zimbabwe Insurance and Pensions Commission hosted its Annual Commissioner’s Breakfast Meeting in Harare, bringing together sector executives to discuss priority issues for insurance and pensions. Finalising compensation for pension scheme members affected by the pre-2009 loss of value featured as a key topic, with both IPEC and the Zimbabwe Association of Pension Funds linking closure of the matter to restoring confidence in the sector. IPEC Commissioner Dr Grace Muradzikwa said the Commission would continue engaging stakeholders to address bottlenecks impeding the compensation process. Industry participants also highlighted developments and policy priorities, including the scaling of the Farmer’s Basket Agricultural Insurance Product to eight rural provinces with more than 20,000 smallholder households onboarded for the 2024/2025 agricultural season, support for the extension of the multicurrency system to 2030 alongside calls to ringfence long-term insurance and pension assets beyond 2030, and recognition of the domestication of marine insurance; funeral assurers called for policy adjustments to support viability. Further progress on pre-2009 pension compensation is expected to be taken forward through continued stakeholder engagements led by IPEC.
Zimbabwe Insurance and Pensions Commission 2025-03-04
Zimbabwe Insurance and Pensions Commission convenes industry breakfast focused on completing pre-2009 pension compensation
The Zimbabwe Insurance and Pensions Commission's Annual Commissioner’s Breakfast Meeting in Harare focused on finalizing compensation for pension scheme members affected by the pre-2009 loss of value. Discussions included scaling the Farmer’s Basket Agricultural Insurance Product to eight rural provinces and supporting the multicurrency system extension to 2030. Industry participants also called for policy adjustments to support funeral assurers' viability and ringfencing long-term insurance and pension assets beyond 2030.