Sub-inflation money market hits insurers’ liquidity

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ZIMBABWEAN short-term insurers’ aversion to money markets due to sub-inflationary returns is putting a strain on the sector’s liquidity, latest industry reports show. In its report for the half-year ended June 2022, industry regulator Insurance and Pensions Commission (IPEC) said while liquid assets in the form of cash and cash equivalents, money market instruments and…