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International

Regulator warns four insurers to comply with capital requirement or face shutdowns

October 30, 2015 Reprints

Zimbabwe's Insurance and Pensions Commission has warned four insurers in the country to meet the minimum capital requirement of $1.5 million to avoid being shut down, reported The Financial Gazette.

The four insurers are Cell Insurance Company (Pvt.) Ltd., Tristar Insurance Co., Excellence Insurance Co. and Quality Insurance Co. (Pvt.) Ltd. These insurers "were not compliant with the minimum capital requirement as of June 30," said IPEC.

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Regulator warns four insurers to comply with capital requirement or face shutdowns

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