Germany Defence & Security Report 2018
Zambia's insurance markets – like the rest of the country’s undiversified economy – remain hostage to the fortunes ofcopper prices. For now, this capricious relationship seems to be swinging back towards being beneficial, with copper prices risingsubstantially, reversing a debilitating bear market and allowing a return of strong economic growth and aggregate demand. Wepredict that the life market will experience double digit annual growth in percentages in both local currency terms and USD termsover the next five years. Although the non-life market, which is slightly more developed, will lag, it should still perform quite strongly.
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