Prescribed asset ratio deficit worries regulator, as IPEC seeks compliance
Insurance24 Reporter
Bulawayo, The insurance and pensions industry regulator, IPEC has challenged the Funeral Assurance Industry to develop a plan on how the industry intends to deal with the deficit on the prescribed asset ratio which is slightly above 1 percent way below the required 7.5 percent.
According to Commissioner
Funeral Assurance Industry registers $2.5 mln profit in Q1 2017
Insurance24 Reporter
HARARE, Gross Premium Written (GWP) for the Funeral Assurance Industry during the first quarter of 2017 grew 98.% to $39.81mln from same period comparable in 2016 at $36.26 million.
The Insurance and Pension Commission (IPEC) Commissioner Tendai Karonga in a presentation at the Zimbabwe Association of Funeral Assurers