The ongoing recapitalisation exercise in the insurance sector may be getting the required boost as insurers express commitment to the exercise and strengthen their pursuit of returns on investments. Currently, the insurance industry, post recapitalisation, is expected to be robust and capable of taking big risks, as well as contribute meaningfully to the nation’s Gross Domestic Product. “The board is determined to ensure that your company and its life subsidiary meet the new capital requirement ahead of the June 2020 deadline. “Looking back to what God has done for us, it is essential to start the year with a thanksgiving service like this. So, we need to thank God for this, while praying for his continuous support in the life of this company,” he said.

Source: The Guardian February 03, 2020 05:03 UTC