THE country’s short-term insurance sector has seen increased demand for specialised products such as motor, credit and bond lines, signalling a shift from overreliance on compulsory policies, a new report shows. The development marks a new phase of growth and diversity in income streams, highlighting both the resilience of traditional covers and the momentum of…
Motor cover tops short-term insurance revenue
Ipec said current assets accounted for about 62 percent of total sector assets, providing a strong liquidity buffer to support timely claims payments and day-to-day operations.