Zimbabwe: Regulator suggests policyholders' fund and enhanced supervisory powers in Bill Amendment

Source: Middle East Insurance Review | May 2025

The government intends to set up a Policyholder Protection Fund (PPF) to serve as a safety net for policyholders in the event an insurance company or pension fund becomes insolvent, in a bid to boost confidence in the insurance sector.

The establishment of the PPF is provided for under the Insurance and Pensions Commission (IPEC) Amendment Bill 2024.

The Bill grants IPEC expanded powers to supervise not only insurers and pension funds but also their broadly defined “associates”. These include asset managers and medical aid societies. M

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