Life assurers pine for value erosion safeguards

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THE Life Offices Association (LOA), which represents life assurance companies, is urging policymakers to implement reforms that protect the value of insurance investments as Zimbabwe potentially transitions to a mono-currency regime by 2030.

The LOA’s call comes amid rising concerns over currency instability and the potential long-term effects of a single-currency system on investments.

Speaking at a media workshop, LOA Secretary-General Rufai Mavukeni emphasised the need to shield policyholders’ assets from the kind of value erosion the industry suffered during past currency changes.

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