Zimbabwe's insurance regulator cancels Orchid Funeral Assurance licence

newsday.co.zw

Zimbabwe's insurance regulator cancelled Orchid Funeral Assurance's licence due to regulatory breaches. Policyholders must file claims by June 30. The company failed to meet capital requirements, submit financial statements, and maintain required leadership. This action follows years of IPEC concerns about Orchid's compliance. Funeral assurance is a dominant sector in Zimbabwe. The cancellation reduces the number of providers and signals a stricter regulatory stance.


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Zimbabwe's insurance regulator cancels Orchid Funeral Assurance licence | News Minimalist