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Net closes in on under-capitalised assurers

HARARE – The Insurance and Pensions Commission (Ipec), is closely monitoring three under-capitalised life assurance firms — Evolution Life, Heritage and Fidelity Life — after the assurers closed the third quarter of 2018 below the regulatory $5 million capitalisation threshold. In its third quarter 2018 report, Ipec said the players were required to furnish the…

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