Zambia Insurance Q1 2020
Zambia’s insurance markets are positioned for healthy growth over our forecast period, albeit from a low base. Inparticular, we believe that improving health and life expectancy trends and wider economic growth will help to support continuedgrowth in the life sector We remain relatively cautious about the prospects for the non-life sector owing to the country's largeproportion of low-income households which are generally unable to afford any non-life products other than micro-insurancesolutions. Other major risks to our outlook are a potential downturn in the price of copper, which has failed to see growth over 2019,and persistently high levels of inflation.
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