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Zambia Insurance Q1 2019

Zambia Insurance Q1 2019

Key View:

Our outlook for Zambia's insurance market remains broadly positive, despite our expectations of softer economic growthover the coming quarters. Insurance usage in Zambia is low and the market is less developed than others in the Southern Africaregion. As income levels have started to rise, boosted by a growing mining industry, the market has attracted increased attentionfrom foreign carriers, most notably from nearby South Africa. While premium growth levels will soften from those of previous years,we still expect to see double-digit expansion in the life sector, and high single-digit growth in the non-life market through to 2022.However, it is important to note that high inflation, set to peak at 8.5% in 2019, will erode much of this growth in real terms.

Key View
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Sub-Saharan Africa Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
African Life/Sanlam Life Insurance Company Zambia
Insurance Methodology

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