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Insurers, pension funds lose US$8bn

© THE Insurance and Pensions Commission (Ipec) says the industry should review its asset valuation framework after insurers and pension funds’ valuations knocked down a combined US$8 billion off their balance sheets this year. [GoogleAd] Grace Muradzikwa, the statutory body’s commissioner, indicated that the industry’s huge book value downgrades this year point to valuation deficiencies….

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