Zimbabwe’s Insurance And Pensions Commission (IPEC) Eyes Blockchain For Solutions
The Zimbabwean Insurance and Pensions Commission (IPC) is urging local insurance companies to make use of the ever-growing blockchain technology.
Most industries are facing problems that can be solved by the blockchain technology. According to IPC, the technology will offer several advantages to the sectors. Some of the benefits are that the technology will make it easier for the companies to deal with the issues of low insurance and pensions penetration.
IPC’s chairlady Mrs. Lynn Mukonoweshuro suggests that financial inclusion and insurance penetration cannot be achieved using the available methods of insurance delivery as they mostly rely on agents and intermediaries. The blockchain technology will allow the insurance companies to develop tailor-made products that will serve the digital customers.
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