Magazine date:
Jul 2016 The Zambian insurance industry: turnover per non life insurance company 2013-2014
in USD2013 | 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% |
Turnover per non life insurance company in 2014
The insurance industry in Zambia: Turnover per life insurance company 2013-2014
in USD2013 | 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% |
Turnover per life insurance company in 2014
The Zambian insurance industry: turnover per non life insurance 2013-2014
in USD2013 | 2014 (1) | 2014 market shares | |
---|---|---|---|
Motor | 78 405 776 | 82 361 974 | 43% |
Property damage | 52 923 899 | 49 800 264 | 26% |
Engineering | 13 721 011 | 19 153 948 | 10% |
Accident | 29 402 166 | 17 238 553 | 9% |
Marine | 7 840 578 | 8 044 658 | 4.2% |
Miscellaneous accident | 7 840 578 | 7 661 579 | 4% |
Third party liability | 3 920 289 | 3 830 789 | 2% |
Guarantee | 1 960 144 | 3 447 711 | 1.8% |
Total non life | 196 014 441 | 191 539 476 | 100% |
The insurance industry in Zambia: turnover per life insurance 2013-2014
in USD2013 | 2014 (1) | 2014 market shares | |
---|---|---|---|
Life individual & group | 54 897 742 | 68 352 908 | 70% |
Fund (2) | 17 042 881 | 15 428 228 | 15.8% |
Health | 9 832 431 | 13 670 582 | 14% |
Disability | 163 874 | 195 294 | 0.2% |
Total life | 81 936 928 | 97 647 012 | 100% |
Exchange rate ZMW/USD as at 31/12 | 2013 | 2014 |
0.18196 | 0.15754 |