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THE Insurance and Pensions Commission (Ipec) is seeking more disclosures from regulated entities to assess if they are offering climate change and sustainability related initiatives.
Ipec said all 19 short-term insurers reported capital positions above minimum requirement, with these insurers recording an average capital position of ZiG60,46 million as of June.
Despite efforts made by the Insurance and Pensions Commission (Ipec) to improve the insurance penetration rate in the country, IIZ reports that it remains at a paltry 3%.