Life assurers pine for value erosion safeguards

Between 2007 and 2009, Zimbabwe recorded its worst hyperinflation, which wiped out the value of savings and investments, including pensions.

THE Life Offices Association (LOA), which represents life assurance companies, is urging policymakers to implement reforms that protect the value of insurance investments as Zimbabwe potentially transitions to a mono-currency regime by 2030. The LOA’s call comes amid rising concerns over currency instability and the potential long-term effects of a single-currency system on investments. Speaking…

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