Ipec reviews reinsurance rules

AHFoZ said this while responding to proposed amendments to the Ipec Bill, which would transfer regulatory oversight of medical aid societies to the Insurance and Pensions Commission.

THE Insurance and Pensions Commission (Ipec) has reviewed its minimum reinsurance standards framework in a move designed to reduce foreign currency outflows and bolster the local insurance industry.Advertisements The revised framework came into effect in January this year. In a circular to the industry, the regulator said the changes were intended to ensure that a…

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