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Report: Merger in insurance sector to continue

A wave of mergers and acquisitions in the insurance sector is expected to continue as firms attempt to meet a solvency requirement deadline in June 2020, a new outlook report by Cytonn has said.

The 2019 Insurance Report on listed insurers notes that the move to a risk based capital adequacy framework is likely to lead to capital raising initiatives by a section of players in the sector.

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