Insurers cautioned against unfair pricing

Zep-Re Chief Executive Officer Hope Murera

Players in the insurance sector have been urged to rethink their predatory pricing strategies as it is hampering the growth of the insurance sector, ZEP-RE Chief Executive Officer Hope Murera has said.

Murera said the industry had recorded a steady decline in underwriting revenues for the past five years, which is likely to be exacerbated by the Coronavirus pandemic.