BMI View: Although growing rapidly, Zambia's insurance market is still small in terms of total premiums
written, indicating an industry which is still in the early stages of development. The key drivers of growth
include improving household income and employment rat ..."
BMI View: Zambia's insurance industry is still in the early stages of development, particularly when
compared to established regional markets such as South Africa. Growth has been held back by low average
household income rates, which limits the affordability of, and ..."
BMI View: Although there is some evidence that Zambia's insurers have been able to increase premiums in
order to recognise the recent surge in inflation, neither the life nor the non-life segment has been growing
in real terms. The main constraint on the growth of bot ..."
Timetric's ' The Insurance Industry in Zambia, Key Trends and Opportunities to 2019' report provides detailed analysis of the Zambian insurance industry.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commis ..."
BMI View: Zambia's insurance market is underdeveloped, with low levels of penetration and density across
the life and non-life sectors. There is considerable scope for future development, however, and in local
currency terms premiums are expected to increase steadily ..."