‘There is no compliance crisis in insurance’

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THE insurance and pensions industry has of late had a number of compliance issues, ranging from fair treatment to failure to comply with statutory investment thresholds. Our Deputy News Editor, Omega Ukama (OU) had a chat with the Zimbabwe Insurance and Pensions Apex Council chairman, David Nyabadza (DN), recently who said the industry does not have a compliance crisis. Below are excerpts of the interview:

OU: In its recent literature, the Insurance and Pensions Commission (IPEC), has raised concern about unfair practices in the insurance industry. As a body, how are you responding to the situation?