A legislation promoting microinsurance
Zimbabwean authorities are preparing an amendment to the insurance Code. Among the new measures to be introduced is a draft law that will allow insurers to offer microinsurance services.
This measure is designed to promote the emergence of small companies specializing in life and non-life microinsurance. The required capital for such transactions will be between 1.5 and 3 million USD, which is below the regulatory minimum in traditional insurance.
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Fri, 03/01/2014 - 08:59
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