Increase of insurers’ minimum paid-up capital
Zambian authorities have submitted a new bill to the government, proposing an increase in the minimum paid-up capital from 200 000 USD to 2 000 000 USD.
This measure provides insurers with a one year period to comply with this requirement. Capital increase is likely to trigger a simultaneous increase of insurance companies’ retention.
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Mon, 27/01/2014 - 08:47
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