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Home Tag Archives: Minimum capital

Tag Archives: Minimum capital

Minimum capital requirement for insurance companies increased by 300%

By DavidBa
June 21, 2019
in :  ARTICLES

The National Insurance Commission (NIC) has increased the minimum capital requirement of insurance companies by over 300 percent. A statement issued to that effect indicated that the increment was agreed on after a series of consultations with stakeholders since 2017. The statement also revealed it also considered the developments within the financial landscape over the period. Life and Non-life insurance …

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