Funeral, life assurers retain much risk

19

ZIMBABWE’S funeral and life assurers’ uptake of reassurance remains low, raising concerns of high risk retention and insolvency, an industry regulator has said. The Insurance and Pensions Commission’s (Ipec) most recent reports show that life assurers reassured premiums worth $10 million from a gross premium of $505 million during the nine months to September 2019,…