AMENDMENTS TO THE DIRECTIVE ON SYSTEMS OF GOVERNANCE AND RISK MANAGEMENT FOR INSURANCE COMPANIES
On the 1st of April 2022, the Insurance and Pensions Commission of Zimbabwe (IPEC) introduced amendments to the Directive on Systems of Governance and Risk Management for Insurance Companies, 2016. The amendments were introduced as part of IPEC’s ongoing pursuit to improve corporate governance in insurance companies. The amendments were introduced and added in a […]
BUSINESS INTERRUPTION INSURANCE AND THE COVID-19 PANDEMIC
The Covid-19 pandemic has affected everyone across the Republic of Zimbabwe, with the vast majority of Zimbabweans subject to executive orders to contain the transmission of Covid-19. Consequently, such orders resulted in major business disruptions and closures. In such circumstances, business owners facing major financial disruption sought money to help assuage the loss. One source […]