Local Insurers Push for Fair Share

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Zimbabwean insurers are urging authorities to close loopholes that let foreign investors rely on insurance from their home countries, sidelining local firms. At the Southern Africa Insurance Indaba, executives pressed Zida to require investors to place at least part of their cover locally. While Zida acknowledged the challenge, it encouraged collaboration and policy support. Industry leaders say they can handle base-layer risk but need regulatory backing to stop business from flowing offshore.