Zambia Insurance Q1 2021
The Zambian insurance industry is projected to see a gradual recovery from the economic impacts of the Covid-19pandemic from 2021 onwards, given copper prices will recover. Importantly, any growth will be from a low base and will continue todepend especially on compulsory lines and the affluence of a small urban middle class. We therefore continue to remain relativelycautious towards the prospects for the non-life sector in particular. Furthermore, the country’s persistently high levels of inflationpresent a major risk to our outlook.
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