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Home » Insurance monopolies worry IPEC

Insurance monopolies worry IPEC

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THE Insurance and Pensions Commission (IPEC) says the dominance of a few companies in the local insurance industry is “worrisome” and poses great risk for the sector. Grace Muradzikwa, the statutory body’s commissioner, told reporters that “it is indicative of weak competition as business is concentrated in a few players”. “In short-term insurance, the top…

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