NicozDiamond Insurance managing director, Grace Muradzikwa ZIMBABWE’S insurance industry is struggling to preserve the value of its investments due to a persistent foreign currency crisis, an industry executive has said. NicozDiamond managing director, Grace Muradzikwa, said maintaining value of money set aside or saved for future use was a challenge the insurance sector was facing as the country was grappling with a severe shortage of foreign currency and uncertainty over bond notes. The erosion of value and lack of confidence in the local currency, which has come at a time inflation has started creeping up, has brought back memories of the hyperinflationary era. “Insurance is all about spreading risk, while all sector players were doing their…