‘Insurance sector lacks diversification’

Speaking during the conference, Ipec commissioner Grace Muradzikwa said innovative insurance products must address customers’ needs, as large sec­tions of the population and businesses remain inadequately insured.

THE motor and fire insurance lines dominated Zimbabwe’s short-term insurance revenue in the half-year ended 30 June 2026, reflecting limited diversification across the industry, the Insurance and Pensions Commission (Ipec) has said. Short-term insurers reported total insurance revenue of ZiG4,26 billion, equivalent to US$164,94 million during the period under review. This represented an 18 percent…

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