HARARE – The Insurance and Pension Commission (Ipec) has defended government’s plans to hike insurers’ minimum capital thresholds despite an outcry from industry players. Last month, Finance minister Patrick Chinamasa indicated in his 2015 National Budget that after having been last revised in 2013, “the (insurers’) minimum capital requirements will further be reviewed upwards.” He…
Ipec defends insurers’ capitalisation hike
