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7 Sep 2020
DETERMINING the value of assets or investments has become a nightmare for the country’s insurance and pensions industry in view of the prevailing currency volatility, which makes harmonisation of business models difficult as entities seek to hedge against inflation, industry experts have said.
While the local currency is inching towards stability at around US$1:ZWL$83 in the last few weeks following the introduction of the foreign currency market auction system in June, which is fast gaining private sector endorsement, external shocks such as Covid-19 and macro-economic challenges continue to pile pressure on the economy, making future projections uncertain.
Under this environment, investment portfolios for the pensions and insurance sector have come under spotlight with a call for diversification of portfolios to preserve value and ensure that policy holders enjoy sustainable benefits from their savings.
Content retrieved from: https://www.chronicle.co.zw/assetsinvestments-valuation-dilemma-for-pensions-and-insurance-sector/.
