Government to relax prescribed assets compliance

AdvertisementsFINANCE minister Mthuli Ncube says the government will be flexible on the insurance industry’s compliance with minimum prescribed asset status, as the sector struggles to fulfil its quotas.Advertisements This comes after the Insurance and Pensions Commission (Ipec) reported that none of the country’s 18 short-term insurers complied with the minimum prescribed assets ratio in the…

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