Hyperinflation has played havoc with Zimbabwe’s Insurance sector; however, sustained policy consistency could allow for gradual recovery
Protracted economic challenges in Zimbabwe, culminating in a change of functional currency and the onset of hyperinflation, has resulted in drastically reduced insurance penetration and gross premiums in 2019 and 2020.
Due to hyperinflation, earnings came under significant pressure with the majority of insurers registering inflation adjusted net losses emanating from net monetary losses.
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