The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday said the recapitalisation of the insurance industry would reduce risk of insolvency and protect policyholders in the sector.

The minister said this in Abuja at the opening session of a meeting of the Association of African Insurance Supervisory Authorities.

The National Insurance Commission had in a circular announced new capital requirements for operators in the insurance industry.
For more stories : https://abntv.ng/2019/12/increment-of-capital-base-in-insurance-company-crucial-finance-minister-insists/