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Devil in the detail: Implications of the tier based minimum solvency capital – PETER OLUFEMI EKUNDAYO

Devil in the detail: Implications of the tier based minimum solvency capital – PETER OLUFEMI EKUNDAYO

The tier based minimum solvency capital (TBMSC) is a new legislation in Nigeria aimed at setting capital levels for insurance businesses. It supposedly starts 1st January 2019. The prescriptive capital levels are set by tiers (1-3). Each tier groups types of insurances for the life and non-life sectors. For instance tier 3, for non-life, includes… READ MORE