Zim in bid to improve funeral assurance business



Zimbabwe is in the process of reviewing three Acts under the administration of Insurance and Pension Fund Commission in order to improve funeral assurance businesses in the country. IPEC head OF prudential supervision Pupurai Togarepi said the process of reviewing the Acts, namely Insurance and Pensions Commission Act, Insurance Act and the Pension and Provident Funds Act is at an advance stage. He urged the funeral assurance industry to strengthen their balance sheets and competitiveness in the face of global competition and new entrants. He encouraged funeral assurance industry to continue to seek ways to meet changing insurance clientele and its needs. – Herald

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