Ipec board chairperson Albert Nduna has hailed the commission’s transformation into one of Africa’s respected financial sector regulators, describing its growth over the past two decades as a remarkable achievement.
Addressing guests during Ipec’s 20th Anniversary Gala Dinner and Commissioner’s Charity Ball, Nduna said the commission’s success was the result of dedication, collaboration and visionary leadership.
“It is my great honour and privilege to address you this evening as we commemorate a truly historic milestone, the 20th Anniversary of the Insurance and Pensions Commission,” Nduna said.
“As board chairperson, I take immense pride in witnessing how the commission has evolved over the past two decades into a modern and respected regulator within Zimbabwe and across the African continent.”
Nduna acknowledged that Ipec’s journey had not been without challenges, but said the institution’s steady growth reflected the commitment of those who had contributed to its development.
“The growth of the commission from modest beginnings into a recognised and influential regulator reflects the dedication and commitment of many individuals who contributed towards building the institution we celebrate today,” he said.
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He paid tribute to former board members, commissioners, staff, industry leaders, development partners and stakeholders whose efforts helped shape the commission. Nduna also commended the current leadership team for maintaining the momentum built over the years.
“Allow me also to sincerely commend the current commissioner, management and staff of Ipec for their dedication and unwavering commitment to the mandate of the commission,” he said.
The veteran insurance expert noted that his association with the industry dates back to the 1980s when he served as Registrar of Insurance and Pensions under the Ministry of Finance before Ipec was established.
“As I stand before you this evening, this occasion is particularly meaningful to me on a personal level. In many ways, the growth of Ipec mirrors a journey that has been deeply personal to me because much of my professional life has been dedicated to the insurance and pensions industry.”
Drawing on decades of experience, Nduna expressed confidence in the future of both Ipec and Zimbabwe’s insurance and pensions sector.
“Seeing the commission continue to grow in stature and impact gives me great confidence in the future of the insurance and pensions industry and in the capability of the people entrusted with its stewardship,” he said.
Nduna also acknowledged the support provided by successive finance ministers, government institutions, parliament, development partners and industry stakeholders in strengthening the commission over the years.
As Ipec marks its 20th anniversary, he said the regulator stands as testament to the value of strong institutions, effective governance and collaboration in building a resilient financial sector.
The milestone, he added, provides a foundation for even greater achievements as the commission continues to strengthen confidence, accountability and innovation.