Site icon DailyNews

Insurers resist capitalisation hike

HARARE – Government must rethink on its proposal to hike insurers’ minimum capital requirements as the move may lead to massive retrenchments as insurance firms battle to survive, industry players say. Recently, Finance minister Patrick Chinamasa said after having been last revised in 2013, “the (insurers’) minimum capital requirements will further be reviewed upwards.” The…

To access this content, please purchase a subscription by clicking the button below and select a package of your choice!
Subscriptions
Exit mobile version