Dr Grace Muradzikwa is the current Commissioner of the Insurance and Pensions Commission (IPEC). A decorated insurance executive, who was once with NicozDiamond where she was the Managing Director following the acquisition of the short term insurer by First Mutual Holdings.

She became the first black female executive to list and head a publicly traded company in the country following the listing of NicozDiamond on the local bourse in 2002.

Muradzikwa joined Zimbabwe Reinsurance Corporation in 1984 and established the personnel department with the responsibility of setting up the human resource and administrative systems and conditions of service for ZimRe.

In 1994, she was promoted to assistant general manager (planning and marketing) focusing on spearheading ZimRe’s external strategic thrust.

Her rise continued as she was appointed general manager of Diamond Insurance Company in 1995 with the responsibility of turning around the company which ranked 12 out of 13 insurers.

By 1997, she had turned it around to number 3 out of 20 companies. In October 2002, she oversaw the merger of Nicoz and Diamond to form NicozDiamond, one of largest short-term insurance company in the country. She was appointed Chief Executive Officer of the new company, NICOZDIAMOND Insurance Limited (NDI). NDI is now involved in operation in Malawi, Zambia and Mozambique and had a 5-year management contract in Angola.

Academic Qualifications

  • Bachelors Degree in Administration (UZ)
  • Masters in Business Administration (UZ)
  • IPM Diploma in Personal Management
  • An Associate of the Insurance Institute of South Africa (AAISA)
  • Fellow of the Insurance Institute of South Africa (FIISA)