US$-denominated insurance gains popularity

FOREIGN currency-denominated insurance has gained popularity in Zimbabwe, amid high inflation, with US$ policies accounting for close to half of the business on short-term insurers books as at June 30, 2021, regulator statistics show. Advertisements Following a ban on the use of foreign currencies in domestic transactions in 2019, insurers were given an exemption starting…

Subscribe to read full article. Subscribe today

Related posts

Business prays for bold RBZ measures

Growth target faces ‘turbulence’

Zim inflation surges in January

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