BusinessDay
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Brokers play safe, shift to insurers with stronger capital base

… As recapitalisation lingers

Insurance brokers’ preference for companies with stronger capital base is driving the direction of businesses to underwriters in the 2021 renewal season. The brokers, who control 70 percent of total market share as major intermediary in insurance businesses, are playing safe, giving their businesses to insurers who they believe will not have issues in new…

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