Regulator ups capital requirement for insurers, reinsurers

Posted On: Mar. 21, 2019 5:21 AM CST

Ghana's insurance regulator is increasing the required minimum for nonlife insurers by 233% to 50 million Ghanaian cedi ($9 million) from the current GHS 15 million, My Joy Online reported. The regulator is also increasing minimum capital requirements for reinsurers to GHS 125 million, up 212% from the current GHS 40 million.