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Change in the minimum capital of insurance companies

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Magazine Issue: 
Time for reform [3]
Magazine date: 
May 2004

Starting from April 1, 2004, the minimum capital of insurance companies is set at:

  • 800 million ZWD for insurance companies (184 000 USD).
  • 2 billion ZWD for reinsurance companies (460 000 USD).
  • 250 million ZWD for brokerage companies (57 500 USD).

According to Mr. Tenday Karonga , chairman of “the Insurance Council of Zimbabwe”, (ICZ), this decision is going to trigger numerous mergers.

Wed, 29/05/2013 - 15:50

Source URL: https://www.atlas-mag.net/en/article/change-in-the-minimum-capital-of-insurance-companies

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