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.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fincrease-of-insurers-minimum-paid-up-capital&text=Increase+of+insurers%E2%80%99+minimum+paid-up+capital
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fincrease-of-insurers-minimum-paid-up-capital&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/training-the-big-challenge