Tue, 20 Jun 2017 13:52:45 +0000 By BUUMBA CHIMBULU GOVERNMENT will support the enactment of the New Insurance Bill to enable the industry double its contribution to the economy to more than 1.5 percent, says Minister of Finance, Felix Mutati. Mr Mutati said Government was concerned with the low contribution of the insurance sector to the Gross Domestic Product (GDP) of the country which was below 1.5 percent. “Government will support you in the insurance Bill to grow the sector and double the GDP contributions. This Bill is one step from now. We want the sector to perform like the banking industry,” he said. He was speaking in Livingstone at the 2017 insurance conference held under the theme “Bouncing Back from Hard Times”. Mr Mutati said Government expected the insurance sector to reciprocate by creating affordable products such as macro-insurance, saying savings from the sector could be used to grow the economy. He also challenged […]
