Life assurers urged to diversify income

Ipec said the sector’s long-standing reliance on funeral assurance products exposes it to concentration risks, resulting in loss of projected insurance revenue from other policies.

THE Insurance and Pensions Commission (Ipec) says Zimbabwe’s life assurance sector should be innovative and diversify its revenue streams outside funeral cover to ensure sustainability. In its Life Assurance Sector Report for the nine months ended September 30, 2025, Ipec said the sector’s long-standing reliance on funeral assurance products exposes it to concentration risks, resulting…

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