Tag: Insurance recapitalization
-
NIC urges insurance firms to develop workable plans to meet new capital requirement
The National Insurance Commission (NIC) says it is using the first quarter of 2020 to streamline the submitted recapitalization plans of Insurance companies, to ensure that the companies adopt workable recapitalization strategies before the deadline of June 30, 2021. The NIC last year increased the capital for insurance companies from GH¢15 million to GH¢50 million…