FINANCE Minister Tendai Biti on Thursday hiked minimum capital thresholds for insurance companies and brokers by between 350 to 500 percent in a bid to boost the underwriting capacity of the industry. Minister Biti said insurance companies are expected to have met half of the new capital requirements by June 30, 2013 and should be fully compliant by June 2014.
Zimbabwe: Insurance Capital Thresholds Increased
The Herald (Harare), 19 November 2012
FINANCE Minister Tendai Biti on Thursday hiked minimum capital thresholds for insurance companies and brokers by between 350 to 500 percent in a bid to boost the underwriting capacity of the industry. Minister Biti said insurance companies are expected to have met half of the new capital requirements by June 30, 2013 and should be fully compliant by June 2014.
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