Investing in Zimbabwe

An investor in any area in Zimbabwe can be assured of being able to obtain the full range of insurance cover necessary to operate a business.

The Zimbabwean Insurance market is well developed with about fifteen Insurance Companies transacting short-term business and five transacting life business. The market is served by more than twenty Insurance Brokers with some of the best-known international broking houses represented.

The Reinsurance market is also well developed with Zimbabwean companies operating into the Southern African region.
To cater for the new investor or industrialist the short-term side of the market offers all types of cover. There is opportunity for the investor to provide more specialist services or to link up with existing local companies.
Insurance companies, broking houses and agents are exempted from charging VAT on services as long as these services are related to orare on behalf of a registered group pension fund.

GENERAL
A sound regulatory framework is in place through the Commissioner of Insurance to supervise the industry and protect customers. In Zimbabwe some companies have direct international links which facilitate a transfer of technology and know how enabling them to offer world-class services.

Of importance to investors is the legal requirement that all insurance, including project development insurance, be placed locally. With the sophistication of the industry this does not present a major problem.

In the first instance, all enquiries should be made to the Insurance Association of Zimbabwe.