Insurers struggle with prescribed asset investments

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THE Insurance and Pensions Commission (Ipec) says none of the country’s 18 short-term insurers complied with the minimum prescribed assets ratio in the first quarter of 2021. Even though the subsector’s investments in prescribed assets increased by 12,57 percent from $315,10 million as at December 31, 2020 to $354,72 million at March 31, 2021, compliance…