Insurance firms under spotlight

Insurance companies will come under the spotlight next week when a top accounting body examines disclosures and reporting standards within the sector.

The Institute of Chartered Accountants of Zimbabwe (ICAZ) and the Insurance and Pensions Commission (IPEC) will host a symposium on financial reporting for insurers in Zimbabwe next Tuesday in the capital amid concerns over the level of reporting standards in the country.

The seminar will be focusing on accounting for treatment in changes in policyholder liabilities, reserving, premium accounting, and presentation and disclosure requirements of insurers with the International Financial Reporting Standard (IFRS).

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