Zimbabwe Insurance Industry
Figures in thousands
| Class of business | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
|---|---|---|---|---|---|---|
| ZWL | USD | ZWL | USD | |||
| Motor | 43 161 000 | 64 310 | 8 888 000 | 81 770 | 385.61% | 26.22% |
| Fire | 21 246 000 | 31 657 | 3 752 000 | 34 518 | 466.26% | 12.91% |
| Agricultural risks | 8 934 000 | 13 312 | 1 046 000 | 9 623 | 754.11% | 5.43% |
| Engineering | 8 089 000 | 12 053 | 1 482 000 | 13 634 | 445.82% | 4.91% |
| Credit and surety insurance | 4 422 000 | 6 589 | 1 020 000 | 9 384 | 333.53% | 2.68% |
| Personal accident | 4 401 000 | 6 557 | 955 000 | 8 786 | 360.84% | 2.67% |
| Marine | 2 664 000 | 3 969 | 440 000 | 4 048 | 505.45% | 1.62% |
| Third party liability | 2 606 000 | 3 883 | 430 000 | 3 956 | 506.05% | 1.58% |
| Aviation | 1 603 000 | 2 388 | 259 000 | 2 383 | 518.92% | 0.97% |
| Miscellaneous risks | 4 078 000 | 6 076 | 300 000 | 2 760 | 1259.33% | 2.48% |
| Others | 2 664 523 | 3 970 | 619 427 | 5 699 | 330.16% | 1.62% |
| Total non-life | 103 868 523 | 154 764 | 19 191 427 | 176 561 | 441.22% | 63.09% |
| Total life | 60 758 099 | 90 530 | 16 496 746 | 151 770 | 268.30% | 36.91% |
| Grand total | 164 626 622 | 245 294 | 35 688 173 | 328 331 | 361.29% | 100% |
(1) Growth rate in local currency
Exchange rate as at 31/12/2022: 1 ZWL = 0.00149 USD ; as at 31/12/2021: 1 ZWL = 0.0092 USD
Read also | Insurance companies in Zimbabwe
