Life Report

Product Insurance Market Reports Life Rev Zimbabwe

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Zimbabwe's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Zimbabwe's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Zimbabwe

The Zimbabwe life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Zimbabwe.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Zimbabwe and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Zimbabwe’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Zimbabwe is available.

Axco’s report describes the regulatory framework that applies to the domestic life insurance sector, including whether non-admitted insurance is permitted in Zimbabwe; as well as the legislation necessary to know regarding Zimbabwe’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Zimbabwe with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Zimbabwean market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Zimbabwe the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Zimbabwean pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Zimbabwe report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Zimbabwe Life and Benefits Report Extract

Below are brief extracts of information from the Zimbabwe Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Prior to the financial crisis that culminated in the almost total loss of value of the Zimbabwe dollar and its subsequent demonetarisation, Zimbabwe had had a relatively strong life insurance market. Following the abandoning of the Zimbabwe dollar in 2009, the industry was essentially restarted from a zero base.


The Exchange Control (Exclusive Use of Zimbabwe Dollar for Domestic Transactions) (Amendment) Regulations, 2020 (No 4) (SI 2020-280)issued in November 2020, made it possible for pension and provident funds to receive contributions in a foreign currency, from entities approved by a legal instrument to settle local contracts or pay local employees ....


Although the number of COVID-19 cases did not initially appear large, new cases accelerated towards the end of 2020 and, together with health service provider strikes, made healthcare management difficult. Limited testing may mask a deeper problem.

Almost all private provision for medical costs is made by medical aid societies ....

Back to Report Store

You may also be interested in these reports...


Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch