Insurance firms squirm over new requirements

AdvertisementsThe local insurance and pensions industry says the mandatory requirement to invest in prescribed assets restricts them from investing in other value preservation assets in the face of rising inflation. This comes after government gazetted Statutory Instrument 206 of 2019 which raised the prescribed asset ratios for Life assures to 15 percent from 7,5 percent.…

Subscribe to read full article. Subscribe today

Related posts

ZiG premium to drop below 20 percent

Bank deposits soar on growing confidence

Loan defaults pressure microfinance firms

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More