The Insurance Industry in Zambia, Key Trends and Opportunities to 2019

Date: 2015-11

“โ€ข The Zambian insurance industry grew in terms of gross written premium at a review-period CAGR of 12.4%.

โ€ข The Pensions and Insurance Authority (PIA) is the government authority that supervises and regulates the insurance industry in Zambia.

โ€ข As of July 31, 2015, 33 insurers were conducting insurance business in Zambia.

โ€ข Non-life insurance accounted for the largest share of the industryโ€™s gross written premium in 2014, with 61.5%.

โ€ข Professional Insurance Corporation Zambia Ltd was the leading insurer with 16.9% of the industryโ€™s overall gross written premium in 2013.

โ€ข An increase in vehicle sales and robust growth in the construction industry supported the segmentโ€™s growth during the review period.”

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