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Fears over insurers’ collapse

HARARE – The recent measures by the Insurance and Pension Commission (Ipec) to further tighten regulation of the insurance industry could result in some insurers collapsing, a top industry player said. Grace Muradzikwa, managing director of Zimbabwe Stock Exchange-listed short term insurer NicozDiamond (Nicoz), said the prevailing liquidity challenges have negatively affected insurance firms, adding…

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