Business Insurance

Login  |  Register Subscribe



cbVid =

Zimbabwe: Regulator urges undercapitalized insurers to "consider merging"

July 4, 2014 - 6:00am


Zimbabwe's Insurance and Pensions Commission said in its short-term insurance report for the first quarter of 2014 that the capital position of 13 insurers "fell short of the minimum capital requirement," The Herald reported.

The regulator said "insurers who fail to comply with the minimum capital requirements" should consider merging, if other capital raising steps are unsuccessful. Meanwhile, nonlife insurers’ overall gross premium written rose 7% year-on-year to $71 million during the first quarter.

Read more

 



Get our daily Global Focus newsletter
  •  



You may also want to visit

International Content