The insurance industry in Zambia: 2014 results

The Zambian insurance industry: turnover per non life insurance company 2013-2014

in USD

	2013	2014⁽¹⁾	2014 market shares	2013-2014 evolution
Professional Insurance Corporation Zambia (PICZ)	48 499 415	44 054 079	23%	-7.6%
ZSIC General	32 295 716	32 561 711	17%	3.2%
Madison General	42 754 550	30 646 316	16%	-26.5%
Nico	19 962 468	26 815 527	14%	38.2%
Hollard Insurance	10 286 927	13 407 763	7%	30.3%
Goldman	13 160 025	11 492 369	6%	-6.9%
Diamond	10 005 088	7 661 579	4%	-23.4%
Mayfair	4 327 286	5 937 724	3.1%	23.9%
Phoenix	4 986 699	4 213 869	2.2%	-15.5%
Meanwood	2 694 089	4 022 329	2.1%	28%
African Grey	2 559 887	3 830 790	2%	27.2%
Advantage	2 405 000	2 106 934	1.1%	3.5%
Focus	757 869	1 915 395	1%	26.4%
General Alliance	528 893	1 532 316	0.8%	44.9%
A-Plus	790 529	1 340 775	0.7%	-27.3%
Total non life compagnies	196 014 441	191 539 476	100%	-2.3%

⁽¹⁾Atlas estimates

Turnover per non life insurance company in 2014

in USD

	2013	2014⁽¹⁾	2014 market shares	2013-2014 evolution
African	27 276 666	35 152 924	36%	28.9%
Madison	20 820 072	20 505 873	21%	-1.5%
ZSIC Life	16 975 594	20 310 578	20.8%	19.1%
Professional Life Insurance (PLAL)	9 358 875	14 647 052	15%	54.4%
Barclays	5 554 606	5 761 174	5.9%	5.5%
Hollard	852 059	781 176	0.8%	14.6%
Blue	821 407	292 941	0.3%	5.5%
Metropolitan	277 649	195 294	0.2%	-76.2%
Total life companies	81 936 928	97 647 012	100%	19.2%

⁽¹⁾ Atlas estimates

Turnover per life insurance company in 2014

in USD

⁽¹⁾ Atlas estimates

in USD

⁽¹⁾ Atlas estimates ⁽²⁾ including sinking fund

Exchange rate ZMW/USD as at 31/12	2013	2014
Exchange rate ZMW/USD as at 31/12	0.18196	0.15754

Source: PIA (Pension and Insurance Authority)

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Thu, 21/07/2016 - 14:23