US$ transactions heighten life assurance risks

In its Life Assurance Sector report for the first quarter ended 31 March 2026, the commission said cash pre­mium transactions for the quarter in­creased to 36 percent from 10 percent in the first quarter of 2025.

Mishma Chakanyuka                                                                                                                                                                                            THE Insurance and Pensions Com­mission (IPEC) has urged life assurers accepting cash premiums to strengthen their transaction monitoring processes in view of the risks associated with the escalating proportion of US$ transac­tions. This comes as US$ cash transactions continue to dominate Zimbabwe’s econ­omy, accounting for over 90 percent of physical cash transactions…

Subscribe to read full article. Subscribe today

Related posts

Zimbabwe’s construction sector eyes major growth

Treasury banks on BRICS NDB membership

RTG bets on hotel expansion

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More