Industry nears total dollarisation

Across life assurance, fu­neral assurance and short-term insurance, the US dollar has be­come the preferred currency for premiums, commissions and risk cover, making insurance one of the country's most dolla­rised industries.

WHILE policymakers continue efforts to strengthen the ZiG, Zimbabwe’s insurance industry is operating almost entirely in US dollars, according to latest reports. Across life assurance, fu­neral assurance and short-term insurance, the US dollar has be­come the preferred currency for premiums, commissions and risk cover, making insurance one of the country’s most dolla­rised industries. In short-term…

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