IPEC raises red flag
....as all funeral assurers shun reassurance
PHILLIMON MHLANGA Zimbabwe’s funeral assurance sector has failed to secure reassurance arrangements, the insurance sector regulator, the Insurance and Pensions Commission (IPEC) has revealed, a move which exposes the companies’ balance sheets and policyholders. There are eight registered funeral assurance companies namely First Mutual, Moonlight, Foundation, Vineyard, Ruvimbo, Sunset, Passion and Orchid. “All funeral…
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