IPEC touts new capital requirements

Grace Muradzikwa, IPEC Commissioner

THE Insurance and Pensions Commission (IPEC) says the new regulatory capital requirements for the insurance industry will strengthen financial soundness, resilience, and ability to protect policyholders.The amendments, aimed at streamlining licensing and compliance processes, were issued in an extraordinary Government Gazette this week in line with currency changes.The old regulations issued under S.I. 59 of…

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