The Insurance and Pensions Commission (IPEC), the Ministry of Finance, Economic Development and Investment Promotion, and the insurance sector convened a high-level consultative meeting in Harare to discuss the importance of insuring public assets, a key initiative under the National Development Strategy 2 (2026-2030).
Insurance and Pensions Commission (IPEC) Commissioner, Grace Muradzikwa
Insuring public assets is critical for fiscal sustainability, risk management, and national resilience. Effective insurance coverage shields the Treasury from unexpected fiscal shocks and reduces pressure on public finances. Zimbabwe’s public infrastructure and institutions are exposed to risks without structured insurance protection.
International case studies show that uninsured losses can lead to long-term fiscal strain, while regional countries have reduced financial burdens by insuring public assets. The Government acknowledges insurance as a risk transfer mechanism and will consider options for a public asset insurance framework.
A multi-stakeholder working group will drive the implementation of public asset insurance, enhancing fiscal resilience and contributing to sustainable economic development. The initiative aligns with the National Development Strategy 2, strengthening collaboration between the Government, regulators, and the insurance sector
